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What is supply chain management?

What are the core subjects of Supply Chain Management?

  • I am quite interested in majoring in logistics and supply chain management; however, before that, I would like to know the main core subjects learnt in supply chain management along with the skills necessary to succeed in it.

  • Answer:

    Supply Chain Management has many different options to delve into. Here is my Supply Chain course load and the course descriptions associated with it: Logistics: Logistics and supply chain activities emphasizing integration of transportation, inventory, warehousing, facility location, customer service, packaging, and materials handling. Supply Management: Management of the supply function, including organization, procedures, supplier selection, quality, inventory decisions, and price determination. Negotiation: Current philosophy, methods, techniques for conducting strategic and tactical supply chain research and negotiations. Includes supplier price and cost analysis. Control Systems: Planning and control systems for product and service flows in supply chain: production planning, master scheduling, materials resource planning, enterprise resource planning, inventory management. Quality Management: Quality management and measurement, relationships with suppliers and customers, quality awards, certifications, programs, tools for process improvement and cost analyses. Supply Chain Strategy: Integrated supply chain strategies synthesizing supply management, production, logistics, and enterprise systems. Provides a comprehensive perspective of supply chain management. As for the career options, you will find that nearly every large company will have a SCM department. At my school, , the oil majors, a few technology companies, large conglomerates, etc. are popular destinations for top SCM majors. Typical careers are in Procurement, Planning, Logistics, or Operations Management.

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Since I was a business major for undergrad and got my MBA this is right up my ally. Both at USC and University of Texas there was no Supply Chain Management emphasis, it was called Information and Operations Management. One of the electives is called Supply Chain Management,. The below gives you an idea of the Course Objectives of a Supply Chain Management class COURSE OBJECTIVES: The course seeks to both improve your understanding of operations strategies and enhance your analytical skills. The course will present several analytical techniques which would aid you in making decisions in the real world. In the meanwhile, the course will introduce you various aspects, issues, and initiatives in nowadays business operations. At the end of this course, you should have: The understanding of the importance of operations strategies and the challenges; Developed an appreciation for the major strategic issues and trade-offs in supply chain management; Acquired analytical capability to uncover problems and improvement opportunities in supply chain management and recommend improvement along the dimensions of efficiency, quality and speed,and improved team-work capability to cooperate with others to solve business operations problems in supply chain management. For success in Supply Chain Management, one should have good people/communication skills since people in SCM have to work with work people in various departments so the ability to work well with others, analytic/quantative skills is a critical because one will need to analyze data, spot problems, and solve problems, and the ability to work with IT systems and learn technology are all vital skills

Hunter McCord

I did a few network planning courses during my engineering and a couple of focused SCM courses during my training with Maersk. I have learnt more on the job rather than in the classroom as I did not specialize in SCM/Logistics. Courses: The program which easily qualifies as the most focussed and best in the world for logistics/supply chain is MIT's MLOG. I would reckon that their course list would be most relevant. Link: http://scm.mit.edu/program/core_courses Skills: In my personal opinion, I would rate the following skills as relevant for a good allround SCM fit. (This might not be groundbreaking insight though!) - Good analytic skills - Process minded - Comfortable with ambiguity and most of all, a genuine interest.. Good luck!

Mithun Srivatsa

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