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Earn your MS in Supply Chain Management from Robert H Smith School of Business. Receive hands-on training from industry experts in GMP Program by SPJIMR. Apply Now!
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You must be thinking- “Why an MBA in Logistics and Supply Chain Management”, right? If you are all set to pursue a career in Logistics and Supply Chain Management, check out the eligibility criteria before moving to the Supply Chain Management MBA syllabus. The MBA syllabus for Logistics and Supply Chain Management comprises eight subjects in the first year and 9 in the last year. FYI, MBA Logistics and Supply Chain Management opens numerous job opportunities for individuals after completing the degree. However, to extract the best outcomes, making the right decisions in selecting specialisations such as logistics and supply chain management, business analytics, executive, etc.
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Supply Chain Finance in India In India, the development of business has seen a speedy growth in recent times due to the integration of various socio-economical & financial factors. A business, no matter whether it is small or large, is always in need of working capital which is the financing requirement to fund everyday expenses other than fixed assets. Businesses take Small Medium Enterprises or MSME loans from several banks and financial institutions to fund the need for working capital. Supply chain finance is short-term finance for working capital that can be used by suppliers or dealers having a positive relationship with enterprise to enhance the need of working capital. Benefits of Supply Chain Finance Supplier Manufacturer Dealer Increase cash flow Reduce investment in working capital Provide working capital for the purchase of inventory Offer post-shipment financing Minimize the cost of goods sold Low cost of funding rather than other products of working capital Decrease the cost of capital Reduce total cost of borrowing Automatically decreases the administration cost Advance payment reduces financial dependence on buyers Automation reduces Improve financial discipline Documents required for Supply Chain Finance in India Identity and address proof of owner as well as business.
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Transforming Indian Business with End-to-End Supply Chain ServicesIn the intricate dance of global commerce, supply chains play a pivotal role, serving as the backbone of every industry. In this context, the rise of end-to-end supply chain services in India, spearheaded by trailblazing companies like Mehta Excel, is nothing short of revolutionary. The Evolution of Supply Chain ServicesGone are the days when supply chains were mere logistical operations confined to the backend of businesses. This evolution has led to the emergence of end-to-end supply chain services that integrate and streamline every phase of the process. With end-to-end services, businesses can ensure smooth coordination and swift issue resolution, resulting in fewer delays and operational hiccups.
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As we navigate the post-pandemic world, the future of Supply Chain Management (SCM) in India looks to be on the cusp of a major overhaul, adapting to new realities and leveraging technology for resilience and efficiency. Sustainability Focus: Increasing emphasis on sustainable and eco-friendly supply chain practices, driven by both regulatory pressures and consumer demand. Localized Supply Chains: A shift towards more localized and decentralized supply chains to mitigate risks associated with global disruptions and to support the "Make in India" initiative. Long-term goals include:Establishing a fully integrated digital supply chain network, connecting suppliers, manufacturers, and customers seamlessly. Through strategic adaptation and innovative practices, the country is set to redefine its position in the global supply chain network, making it more resilient, sustainable, and efficient than ever before.
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The primary difference between supply chain management and operations management is that the supply chain deals with materials that are received or sent from external places, but operations management is more involved with the internal processes. To manage this change in deliverables and expectations, supply chain management needs to rework its traditional best practices and embrace digitalisation on a large scale. With end-to-end supply chain visibility, it will be easy to plug in the loopholes existing in the supply chain. The concept of supply chain digitisation will be clearer for aspiring supply chain professionals by educating themselves through a supply chain management certificate course. Below are 5 strategies that organisations can implement for the digitalization of operations and supply chain management.
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It is ideal to choose the greatest college to enrol yourself in a supply chain course in India. What Types of Courses Are Included in an MBA with a Focus on Supply Chain Management? Coursework covers both broad topics inherent in real business management and administration, as well as the many subtle landscapes of logistics and supply chain management in today's international commercial environment. These are some reasons to pursue an MBA in the supply chain. You can find a reputable university to enrol yourself in a supply chain course in India.
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