CHECKLIST FOR EFFECTIVE SUPPLY CHAIN MANAGEMENT

Business organizations are waking up to the importance of designing an effective supply chain management to keep pace with the globalized market. A Supply Chain Management is about planning and managing all activities involved in sourcing and conversions. It is a strategic concept that involves understanding the series of activities, from the supplier to the ultimate consumer. Supply Chain Management serves functions that include production and procurement of materials, transportation of these materials and finally the distribution to the consumers. Coordination and collaboration at every stage has to be immaculate. A well designed Supply Chain Management should be able to tackle challenges that arise in any particular link. SUPPLY-CHAIN-WEBSITE1Here are some key challenges that are faced in Supply Chain Management:

Infrastructure: As the basic foundation for any business venture to succeed is the best infrastructure, supply chain is no different. Unfortunately, this is the biggest challenge faced by most sectors and organizations. It is an acknowledged fact that much more can be accomplished with better infrastructure.

Technology: The development in the field of technology is faster than ever and the best way to  boost Supply Chain Management is to update technology to keep pace with the changing times.

Communication: This is a major issue face by a number of organizations. Monitoring the follow of communication from both ends is critical.

Consistency: After achieving the desired result in supply chain, it is necessary to maintain that level. This is taken for granted and results in the effectiveness of the chain being compromised. In addition, these are some points to take careful note of:

  • Be prepared: The Supply Chain Management should be effective enough to be able to deal with problems on-the-spot.
  • People: A good supply chain requires a good team.
  • Supplier: Never underestimate the capabilities of the supplier.

Supply chain management is vital in sectors like service, agriculture and manufacturing organizations. But the level of complexity involved is not standard for any business. However, it is an acknowledged fact that organizations having the best supply chain management win the race! Play the Chain Brain Challenge to win exciting prices based on Supply Chain Management

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Rural Dynamic Workshop by Welingkar’s Hybrid Management Programs

Welingkar’s Hybrid Management Programs are designed to make the process of learning more engaging and interactive in conformity with the international educational trends. Welingkar adds value to the program through the integration of face-to-face and online activities to reinforce, complement and elaborate one another.

As a part of Experiential Learning, Welingkar’s PGDM Distance Learning Program organized a Rural Dynamic Workshop to explore Sinnar in Nasik, Maharashtra, taking off on Gandhiji’s inference that the future of India lies in its villages.

This visit to the farmers of Sinnar was to learn how farmers conduct their agricultural practices with the limited water resources. Farmers are educated through personalized training programs on how to minimize resources to maximize profit, liquidity of funds and speedy distribution of products. Fertilizers, pesticides and fungicides are made available through a centralized Agri Mall. Drip irrigation and forms of channelizing water from the dam have been initiated through the local Yuva Mitra Mandal and other social welfare organizations.

Says one of the participants: “This Rural Dynamic Workshop has taught me how farmers are able to be better leaders through the proper use of technology. They are also able to optimize resources to garner better returns.”

Sinnar is a village proud of its exemplary rural development. This lesson in observing how the farming community draws benefits from the limitations around and learns the importance of rural banking, grain storage management, etc is a live example for the students of Welingkar to emulate. Besides, there is much to learn from team work, problem solving, communication, decision making and leadership which are attributes that can be implemented in their rise up the managerial ladder.

Click here to know more about Welingkar’s Hybrid Learning PGDM Management Programs.