Supply Chain Management

In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.

In present digital world, the average buyers expect quick, efficient service from manufactures and distributors. But how the international corporation dealing with the mash- produced product, supplies, and raw materials from all over the world by improving their speed and efficiency?

In the recent past the business software developments and cloud computing are making faster, more efficient service possible for even the largest companies by streamlining the supply chain process and improving overall productivity.

Students pursuing an online master’s in business administration degree will need to understand IT and cloud computing so they can keep up with the rapidly expanding digitization of almost all business processes, from supply chain management to customer reward apps for mobile devices.

The evolution of traditional business models followed by the diffusion of digital technologies require firms to reengineer the traditional business units like operations, logistics, and procurement. Supply Chain managers are requested to manage global Supply Chains that integrate all stakeholders in unique networks, use evolved and intelligent systems to face the worldwide competition, and incorporate new business trends like sustainability, digital transformation, and omni channel.

The Major in Global Supply Chain Management seeks to form managers for the implementation and the management of Supply Chains at a global level with a focus on technology. A successful Supply Chain requires strong managerial, technological, and strategic competences, to satisfy exigent consumers at a global level and integrate traditional channels with new and modern options.

 

Source : Google

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