Introduction: According To Some Scholars, Skills/Competencies Of Supply Chain Professionals Are Technical Proficiency In Some Discrete Areas, Such As, Familiarity With Logistics, Warehousing Equipments, Distribution Centers, Freight Issues Etc. Key Supply Chain Professional’s Skills /Competencies Include Global Orientation, Knowledge About Various Systems, And Leadership Issues. And Superior Business Skills.At The Minimum Level, They Should Have An Understanding Of Business Continuity Basics/Organization’s Business Continuity Approach And Strategy. Roles/Responsibilities […]
Category: Supply Chain Management
About Supply Chain Drivers:
Logistical drivers in a supply chain include facilities, inventory, and transportation, while cross-functional drivers include information, sourcing, and pricing. Facilities store and process inventory, while transportation moves it. Information analyzes inventory, transportation, and facilities, while sourcing determines internal or outsourced functions. Pricing determines the price of goods and services.
What are the objectives of a typical supply chain?
Supply chain management aims to maximize the overall value generated by the supply chain, which is the difference between the final product’s worth to the customer and the costs incurred in fulfilling their request. This value is strongly correlated with supply chain profitability, which measures total profit shared across all stages.