From last couple of years, supply chain management process was basically considered like a clerk’s job. It was limited to just receiving the requisitions, ordering for goods and getting the demanded materials in. Supply chains are in existence from a long time; most organizations used to give consideration to the goods flow that was happening within their organization’s boundary.
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With improvement of technology and market competition, few businesses managed the complete chain of activities that finally deliver products to the end customer. The result was disjointed and often inefficient supply chains. And these days, management of supply chain is a competitive profession – the process management of supply chain activities to make best use of customer value and achieve competitive advantage.
Supply chain behaviors cover not only sourcing, product development, production management, and logistics administration, but also the information systems needed to coordinate these activities.
MBA program in supply chain management is going to be more and more exciting as well as competitive in the coming years and seems to grow as an important process for any corporation, particularly in the world of production and manufacturing. Managing the purchase cost is being realized as much more important than a lot of other elements of the company. (more…)