Supply chain management is a vital part of modern business operations, encompassing everything from sourcing raw materials to delivering finished products to customers. It involves managing the entire process of getting a product or service from conception to delivery, including procurement, transportation, warehousing, and distribution.
Supply chain management affects various aspects of a company’s operations, including:
- Cost management: effective supply chain management can help businesses reduce costs by optimising processes, minimising waste, and negotiating better prices with suppliers.
- Quality management: a well-managed supply chain ensures that products are of high quality, meet customer expectations, and comply with regulations.
- Customer satisfaction: a well-executed supply chain ensures that products are delivered on time, in the right quantity and condition, leading to higher customer satisfaction and loyalty.
- Risk management: managing the supply chain effectively can help businesses mitigate risks, such as supplier disruptions, quality issues, and transportation delays.
Supply chain management is a critical component of modern business operations, and businesses that want to succeed in today’s competitive landscape must focus on optimizing their supply chains. The BCom in Supply Chain Management programme is an excellent option for students who want to develop the skills and knowledge needed to excel in this exciting field.
At REGENT Business School, the Bachelor of Commerce in Supply Chain Management program is designed to equip students with the skills and knowledge needed to comprehend the whole supply chain and how to become effective at managing it. The programme covers a range of topics, including supply chain design, logistics management, inventory control, and strategic sourcing.