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Operation and Supply Chain Management: An overview
Supply chain management is a process for assembling materials, manufacturing to turn them into a product, and finally delivering them to customers. The day-to-day activities and coordination required of the supply chain executive are with various departments. Having said that, they work closely with every touchpoint of the supply chain such as logistics, suppliers, manufactures, delivery agents, and so on. More often you will find companies handling supply chain activities of international giants like Amazon, Flipkart, and so on.
The Supply chain management PGDM course teaches you in-depth knowledge of the process required to conduct supply chain activities. Students learn how critical aspects of supply chain processes are resolved. The most critical part of the process is evaluating the risk involved and the security measures needed. Since now everything has shifted to digital, the main concern is to keep an eye out for any cyber-fraud incidents and make sure end-to-end encryption is present to keep the information discreet.
The responsibility of a supply chain manager is to keep track of all the activities, make sure there is an SOP in place, keep a check on the suppliers. They also play a vital role in forecasting demand for the future to look over inventory management. Students who opt for operations and supply chain management courses are briefed about the roles and responsibilities in the field of the supply chain.
In today’s world where everything has become online, it has given a rise to the business of the supply chain. Hence, the industry requires students who have the desired skills to work in this sector. Operations and supply chain management course focuses on brushing the skills of every student to prepare them for their roles and responsibilities. These individuals are also expected to add value to the supply chain processes of organizations.
Operations management handles more of the internal business processes of an organization. The main focus is to make sure that all the internal functions are smooth such as planning, maintenance of different departments, and analyzing various systems of the organization. A operations and supply chain management PGDM course gives a detailed overview of which departments are involved in operations. For example, an operations manager’s job is to keep the coordination intact between different departments of the organization. The purpose of this is to maintain the business operations.
The industry expects operations and supply chain course students to be skilled at knowing the recent trends of the industry. Simultaneously, they also require candidates who can improve the work efficiency of organizations by bringing innovative methods.
Choosing the right institute for Operations and Supply Chain Management PGDM course.
Since operations and supply chain management is a very critical part of business activities, the industry wants management students to have the right knowledge and skills required to do the job. As the industry looks at management students as future leaders/managers, they expect institutes to groom the personality and skills of every candidate. However, you will see very less institute that focuses on taking an extra step towards personality development, or, building the confidence of a student
ITM iConnect Program has a 2-year full-time course in Operations and Supply Chain Management. The program is designed to build confidence in students so that they can tackle business challenges. ITM has an intensive 5 months internship program that helps them to know the ground realities of businesses. The in-house placement cell of the institute guarantees 100% placement assistance. It also helps students acquire PPO during their internships. The curriculum of the Operation and Supply Chain Management course at ITM is tailor-made by industry experts.
What is the difference between Operations and Supply Chain Management?
The main difference between operations and supply chain management is that Supply Chain Management is more concerned with the external activities of the business such as distribution, manufacturing, logistics, delivery, and so on. Whereas, Operations management deals with internal operations of an organization such as maintaining coordination with the departments, planning and controlling, etc.
Operations and Supply chain management post-graduate course gives an in-depth understanding of the difference between the two. The role of an operations manager is to look at the daily activities of the organization. The role of a supply chain manager is to spend much of their time dealing and negotiating with the suppliers and distributors.
To build a successful career, students need to understand that the industry is looking for management graduates. They need to have accurate skills and knowledge about the roles and responsibilities of operation and supply chain. Hence, students are advised to do a PGDM course in Supply and operations management. This will give a competitive edge while entering the industry.
A operations and supply chain course will allow students to gain hands-on experience on various software and tools required to conduct business operations.