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Supply chain management – Trends and skills

best Aviation Institute in Kochi
November 3, 2019

Knowledge in supply chain management is essential to the success of any organization and its growth. There have been many impacts on the changes within the field of supply management.

The trends in Supply Chain

The trends in the supply chain include a centralized logistics and tracking of costs, rationalization of the supply base to a small set of strategic suppliers,  stress on real-time response and action to customer requirements, clear forecasting,  operation and sales planning and information sharing across the supply chain, stress to reduce the costs, rising bar in terms of skills and training desired in supply management professionals and also growing emphasis on certifications and training for acquiring professionals

Supply chain challenges

With regard to the trends in the supply chain, many challenges are faced in the industry. A few of them include the inability of supply chain personnel to keep up with the speedy environmental changes and technological changes in procurement systems. It is not an easy task to manage the accumulation of inventory in the pipeline. Maintaining training budgets is another important challenge.

To make expertise in supply chain management, one has to know about the trends, challenges and of course the right tactics to excel in the field.

The institution which you choose to study plays a vital role in bringing success in your career. The students have to always choose the best institute that provides Supply Chain Management Courses in Kerala. Being a very dynamic area, many institutes offer Supply Chain Management Courses in Kochi. Choosing the best one is really crucial for a student who doesn’t have an idea about the field as well as the current trends.

There are a few skills that are considered very essential for supply chain professionals:

  • Project management
  • Technical understanding
  • Cost accounting skills
  • Ability to understand financial statements
  • Understanding of e-business/e-procurement systems
  • Troubleshooting, problem-solving skills
  • Understanding of cross-cultural/global issues
  • Business ethics
  • Handling legal issues
  • Effective communication
  • Ability to logically organize thoughts
  • Decision making
  • Time management
  • Leadership Quality
  • Meet customer’s expectations
  • Desire to learn
  • Ability to present oneself with confidence
  • Ability to think and act logically
  • Ability to pass on knowledge and mentoring

Understanding the trends, challenges, and skills of a particular field are very helpful before choosing a career. Choose the best institutions that provide standard supply chain management courses so that you are able to start with a promising career and later excel on the same.

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