Supply Chain Management FAQs
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Is supply chain a good career option?
Yes, it is a good career because there are many job opportunities in supply chain management. Also, supply chain jobs tend to pay well and have a lot of room for career growth. The career path also offers excellent job satisfaction and is hard to get bored of.
What is a Supply chain?
A supply Chain is a system or corporate network for moving products from their manufacturers to customers. The supply chain is usually composed of manufacturers, suppliers and distributors of products, as well as retailers that sell products to customers.
What is the function of SCM?
Supply chain management plays a major role in the production system from the procurement of raw materials to the sale of products.
What types of jobs are available in supply chain management?
Supply chain management includes various functions, such as procurement, planning, logistics, transportation, inventory management, and customer service. Jobs in supply chain management can range from entry-level roles such as inventory clerk or warehouse associate to senior-level positions such as supply chain director or chief procurement officer.
What qualifications do I need for a job in supply chain management?
The qualifications for supply chain jobs vary depending on the specific role and the organization hiring.
What is Logistics?
Logistics is the process of moving goods from one point in the supply chain to the next in the fastest, most efficient and cost-effective way. The logistics process can track the movement of goods up to the point of delivery.
What are logistics jobs?
Logistics jobs refer to employment opportunities in the field of logistics and supply chain management. These jobs can include roles in transportation, warehousing, inventory management, and distribution.
What are the types of logistics jobs available in India?
Some of the common types of logistics jobs available in India include logistics coordinator, warehouse manager, supply chain analyst, inventory controller, transportation planner, customs clearance agent, and procurement manager.
What are the educational qualifications required for a logistics job in India?
The educational qualifications required for logistics jobs in India can vary depending on the role and the employer. However, most logistics jobs require a minimum of a bachelor’s degree in logistics, supply chain management, business, engineering, or a related field.
What skills are needed for a logistics job in India?
Some of the skills needed for a logistics job in India include strong communication and interpersonal skills, analytical and problem-solving skills, time management and organizational skills, attention to detail, and a good understanding of logistics and supply chain management principles.
What is the career path in logistics?
Because the logistics field has many aspects and levels, the opportunity to move up to the next career level will always be more wide open. In addition, the logistics industry itself is more likely to promote and train its low-level employees to a higher level of position when compared to having to hire employees from outside who are still raw and require a longer training and adaptation process. So the promotion process is very common and every individual who has worked hard and is the most innovative will be able to move up to the next career level faster.
What is the salary range for logistics jobs in India?
The salary range for logistics jobs in India can vary depending on the role, experience, and location. On average, entry-level logistics professionals can expect to earn between INR 2-3 lakhs per year, while more experienced professionals can earn between INR 6-10 lakhs per year.
What are the major industries that hire logistics professionals in India?
Logistics professionals are in high demand across a wide range of industries in India, including e-commerce, retail, manufacturing, FMCG, and healthcare.
What are some of the top logistics companies in India?
Some of the top logistics companies in India include DHL, FedEx, Blue Dart, Gati, DTDC, and Ecom Express. There are also many other smaller logistics companies that offer employment opportunities.
How can I apply for logistics jobs in India?
You can apply for logistics jobs in India through various channels, including online job portals, company websites, recruitment agencies, and networking. It’s important to tailor your application and resume to the specific job and company you are applying to and to highlight your relevant skills and experience.
What is Order Fulfillment?
Order Fulfillment is the process of completing orders. Order Fulfillment can be understood simply as the whole process from when the customer places orders to when the product is delivered to the user, including pick-up. warehouse and packing, and delivery to the buyer on time.
What is Inventory?
Inventory is the quantity or value of the manufacturer or retailer’s current stock. This may include raw materials and parts that will be used later in the manufacturing process. Inventory management is critical to the smooth operation of your business and to ensuring that your supply network runs smoothly.
Is the logistics profession suitable for Women?
Opportunities for Women in logistics are getting wider. A career in logistics is usually reserved for men only, but women are becoming increasingly involved at all levels. Many of the women hold higher positions in logistics companies and logistics departments.
Who is a Distributor?
A distributor is a person who supplies goods to retailers and other businesses that sell these goods directly to customers. For example, a product distributor who supplies vegetables and other products to a restaurant or a pharmaceutical distributor who supplies medicines to a pharmacy or clinic.
Is supply chain hard work?
Supply chain and logistics management is a demanding career. But it’s one of the most exciting growth areas for hungry, determined professionals who want to make a real impact.
What are the difficult aspects of working on the Supply Chain?
You are always in a dynamic and active environment. You have to be a problem solver. Of course, it’s challenging. You can be very busy from time to time and there are problems that rise above it. You need to solve them. On the one hand, you need to continue the standard workflow. But these are the things that both equip the person and add movement to the business life. That’s why it’s difficult but actually important for the development of the person.
What is Reverse Logistics?
Reverse logistics is the process of planning, implementing and effectively controlling the flow of raw materials, semi-finished products and related information from the point of consumption to the point of origin for the purpose of recovering value or handling appropriately. Thus, Reverse Logistics covers all activities similar to Logistics functions, however, they operate in the reverse cycle.
What are the job opportunities for logistics?
Job opportunities for logistics are plentifully available to people of all levels of education. Logistics activities may seem like an overly complex job and require an advanced degree, but it all depends on which aspect of logistics you want to get into. Such as delivery car drivers, warehousing staff and forklift operators are also part of the logistics team, but they are all organized and managed by managers from the middle level and more experienced logistics executives.
What is the difference between Distribution and Logistics?
Logistics is an analogy of detailed plans and processes related to the effective supply and transportation of goods. Logistics activities include supply management, security, shipping routes, shipment tracking and warehousing, etc. While distribution is a management system in logistics that focuses on fulfilling orders through their own path from the main point to the customer.
What are some examples of distribution channels?
Some examples of distribution channels are e-commerce websites, wholesalers, retailers and 3rd party distributors.
What are Warehouse Operations?
Operations carried out in the warehouse include inventory data collection and the movement of goods. There are other operations such as receiving incoming goods, packing and storing these goods on pallets or specific goods shelves and moving goods to their next destination. Effective warehouse operation not only reduces operational costs, but also ensures on-time delivery, and increases staff productivity.
What are warehousing jobs available?
Warehousing jobs refer to employment opportunities in the field of storage and distribution of goods in a warehouse. These jobs can include roles such as warehouse supervisor, warehouse manager, inventory control specialist, material handler, and forklift operator.
What are the educational qualifications required for a warehousing job in India?
The educational qualifications required for a warehousing job in India can vary depending on the role and the employer. However, most warehousing jobs require a minimum of a high school diploma or equivalent. Some positions may require a bachelor’s degree in logistics, supply chain management, or a related field.
What skills are needed for a warehousing job in India?
Some of the skills needed for a warehousing job in India include attention to detail, time management and organizational skills, good communication skills, basic computer skills, and the ability to work in a team environment. Physical fitness and the ability to lift heavy objects may also be required for certain roles.
What is the salary range for warehousing jobs in India?
The salary range for warehousing jobs in India can vary depending on the role, experience, and location. On average, entry-level warehouse workers can expect to earn between INR 2-3 lakhs per year, while more experienced professionals can earn between INR 4-6 lakhs per year.
What are the major industries that hire warehouse professionals in India?
Warehouse professionals are in demand across a wide range of industries in India, including e-commerce, retail, manufacturing, FMCG, and logistics.
What are some of the top warehousing companies in India?
Some of the top warehousing companies in India include DHL, Blue Dart, Gati, DTDC, Ecom Express, and Safexpress. There are also many other smaller warehousing companies that offer employment opportunities.
How can I apply for warehousing jobs in India?
You can apply for warehousing jobs in India through various channels, including online job portals, company websites, recruitment agencies, and networking. It’s important to tailor your application and resume to the specific job and company you are applying to and to highlight your relevant skills and experience. Additionally, gaining relevant certification in warehousing and logistics can improve your chances of securing a job.
What is Warehouse logistics management?
In simple terms, logistics includes the activities of management, planning, and managing operations. Many industries use logistics to ensure the smooth flow of information and goods. While warehouse logistics management includes complex factors that are part of warehousing. Warehouse logistics management can also include things like damaged goods handling, HR management, and more.
What are the key aspects of Warehouse Logistics Management?
Warehouse logistics management is at the core of the business of selling physical goods. The key elements of warehouse logistics management are warehouse management, operations and technology used.
What are the advantages of Warehouse Logistics Management?
When a warehouse operation runs smoothly, inventory is properly accounted for, and the right product is delivered at the right time. it can help you get the latest information about the stock of goods in your warehouse, when you have accurate inventory data, you can reduce the risk of returning goods when they are shipped. Stock items are also replenished on time and the possibility of small problems. With timely stock rotation, your warehouse space can be used to store more inventory optimally.
What is Warehouse Management System (WMS)?
Warehouse Management Systems (WMS) is a software solution that offers visibility across business inventory/inventory and manages supply chain fulfilment operations from distribution centres to store shelves.WMS solutions also enable companies to maximize the utilization of their labour and space and equipment investment by coordinating and optimizing resource use and material flow. Specifically, WMS systems are designed to support the needs of the entire global supply chain, including distribution, manufacturing, asset-intensive, and service businesses.
What is an Upstream Supply Chain?
The upstream supply chain includes all the activities of an organisation with its suppliers (which can be manufacturers, assemblers, or both) and their connections to their suppliers (second-tier suppliers). The supplier relationships can be extended to several strata, all the way from the origin of the material (eg ore, plant growth). Procurement is the main activity in the upstream supply chain.
What is a Downstream Supply Chain?
The downstream supply chain includes all activities that involve the delivery of products to end customers. In the downstream supply chain, attention is paid to distribution, warehousing, transportation and after-sale service.
What is SKU?
SKU is an acronym for Stock Keeping Unit, which means a unit that classifies inventory by classifying goods that are similar in shape, function, etc., based on a sequence of characters consisting of numbers and/or letters. Or simply understand it as the Commodity Code.
Why are SKUs important?
SKU is considered to be more necessary than Barcode in controlling internal inventory, SKU contains separate alphanumeric symbols for each product category, you just need to look and SKU can identify the type of products through characters and easily read them without scanning the system like Barcode. Besides, you are not limited to the number of SKUs no matter how extensive your product portfolio.
What is Air freight?
Air freight is the type of freight that the shipper must pay to the air carrier when the goods are transported by plane.
What is B/L (Bill of Lading)?
The Bill of Lading is the document provided by the shipping line to the shipper, after booking. B/L must show the information about the goods. Must be signed by an authorized representative of the carrier, shipper and consignee.
What is Just In Time (JIT)
Just In Time is a concept in modern production, which is most briefly understood as the delivery of the right product in the right quantity at the right place and at the right time.
What is a Key Performance Indicator (KPI)?
A key Performance Indicator is a tool to measure and evaluate work efficiency expressed through data, ratios, and quantitative indicators, to reflect the performance of organizations or functions of a company or individual enterprise.
Why are KPIs important?
KPIs guide you along your path towards a goal. They help you assess your progress and point you in the right direction…. Having KPIs and a clear view can help workers act accordingly. Goal-oriented KPIs to keep you on track are for example profit, sales targets, quality assurance etc.
What is Outbound Logistics?
Outbound Logistics is the management of the movement and storage of products from the place of production to the end user.
What does Quarantine mean?
Quarantine means keeping products separate for use or sale until quality checks have been performed and compliance requirements are confirmed.
What are Cargo goods?
Cargo goods are goods transported by multi-modal routes such as sea, air, road, and railway. To transport Cargo, it is often necessary to hire a specialized transport unit and follow the contract of the parties involved.
What is Bulk Cargo?
Bulk goods are goods that are transported in large quantities without packaging, such as coal, ore, fertilizer, etc.
Freight forwarding
Freight forwarding is a service that supports businesses in sending goods from origin to destination, acting as an intermediary. The executor is called a forwarder.
What is a Proforma Invoice?
A pro forma invoice is the same as an invoice, but it is just a pro forma and has no function for payment. This is just a kind of document informing about the price and characteristics of the goods, issued before sending the goods.
What is Customs clearance?
Custom clearance includes activities to complete the formalities prescribed by Customs. The ultimate purpose is for the goods to be licensed for export or import.
What is Cut off date / Closing time?
The cut-off date is the deadline that the exporter is required to complete the customs clearance and container liquidation procedures. If it is past the Cut off date, the shipping company will not receive more goods.
How does a supply chain management degree help?
The Supply Chain Management degree prepares students to manage all aspects of product development, warehousing, delivery, and purchasing. The objectives of this degree are to educate students on how to increase the efficiency of steps within supply chains, from the procurement of raw materials to the actual sale of products. These degrees often include courses to educate students about specific components of supply chain management, such as risk management and product development.
What are Supply Chain career requirements?
The profession of supply chain management has several requirements, the most important of which are:University degree in Business Administration, Supply Chain Management or a related field.May require experience in a related field.Ability to manage logistics services for all aspects of the supply chain.
How does a supply chain management degree help?
The Supply Chain Management degree prepares students to manage all aspects of product development, warehousing, delivery, and purchasing. The objectives of this degree are to educate students on how to increase the efficiency of steps within supply chains, from the procurement of raw materials to the actual sale of products. These degrees often include courses to educate students about specific components of supply chain management, such as risk management and product development.
What does the supplier management process include?
The supplier management process involves overseeing every stage of the supply chain, from product development to the final sale to the consumer. It also includes analysis of product data, pricing history, and communications between suppliers, manufacturers, distributors, and sellers. Promotion teams are often an integral part of the supplier management process. They may help develop vendor scorecards to assess the performance of key organizations in their immediate supply chain. This helps everyone improve their operations and improve their overall productivity.
What type of customer support should the service provider provide?
In the fast-paced business world, a company wants to address its problems and have its questions answered on a priority basis. When the seller is unable to deliver on this front, it can lead to a very frustrating partnership and be the cause of broken agreements. When looking for options, it is worthwhile to inquire about the customer support that the supplier offers. If they outsource, you will likely be stuck having long phone conversations with someone who may not be familiar with your business environment and market conditions. Add to that the inconvenience of different working hours and a potential language barrier, and you’ll quickly see that this resource isn’t a good fit for your business.
What is independent demand?
Independent demand is the product demand of the final consumer. It is the final source of demand in the supply chain and is not affected by the source of demand further down the supply chain.
What is an internal supply chain?
The internal supply chain is part of a supply chain that a company fully owns and controls.
What is the inventory turnover ratio?
inventory turnover ratio is a measure of inventory turnover velocity, equal to the product’s annual sales divided by the average inventory level
What is inventory velocity?
Inventory rate refers to the speed at which inventory moves through the supply chain. Although the term is widely used, it is not a performance metric, and companies still use traditional measures of inventory turnover ratio and days on hand when trying to increase inventory velocity.
What is a make-to-order strategy?
Order-oriented production strategy. A supply chain strategy in which production is based on demand forecasts to create product inventory to meet future demand.
What is a mode of transportation?
Mode of transport – The transportation route that completes the movement of products on the supply chain nodes, mainly including trucks, railways, shipping and aviation.
What is the order fill rate?
Order fulfilment rate. The percentage of total orders that can be fully shipped for the total requested product.
What is on-time delivery?
On-time delivery rate is a measure of order fulfilment efficiency, equal to the percentage of orders delivered to customer nodes within the agreed time to the total order count.
What is the order cost?
Ordering cost is the fixed cost to place an order, ignoring order quantity.
What is a packing slip?
Packing List is the documentation accompanying the shipment, which lists the items included in the shipment, along with information about the origin, destination, and mode of transportation.
What is the perfect order rate?
Perfect order rate is a measure of order fulfilment effectiveness, which refers to the percentage of total orders in which goods are delivered to customers in exactly the required variety and quantity, on time, in good condition, and with relevant written accurate records.
What is the replenishment policy?
Replenishment policy refers to a company making a series of rules about when to replenish inventory, how much it orders, and what level of inventory it maintains.
What is a production facility?
Production facilities are the premises necessary for the manufacture and processing of products, including the facilities required for the storage of raw materials and products to support production operations.
What is a pull chain?
Pull supply chain. In the process of supply chain management, the production of inventory in each link occurs after the demand is determined. More intuitively, the product is pulled down by the order in the chain.
What is a push chain?
Push supply chain. In supply chain management, inventory is generated in advance of demand, which means that inventory on the chain is pushed from top to bottom, toward customers.
What is raw materials inventory?
Inventory of raw materials needed for the production process.
What is sourcing?
Sourcing involves identifying business needs and finding new suppliers.In addition, it consists of the development of a network of alternative sellers. Your resources will depend on the level of detail you can put into sourcing.
What does a Sourcing process include?
Selection of vendorsAssessment of vendor costsGet information about the sellerEvaluation of primary suppliersVendor Research and DevelopmentBudget analysis and goal setting
What is the importance of the purchasing process in the supply chain?
Business operations are inextricably linked to purchasing and supply chain management. The two functions cannot be separated. Effective procurement plays a vital role in the success of any business. Supply chains cannot run smoothly if purchasing is ignored or vice versa.This makes procurement even more important.
Is it worth cutting costs in the supply chain?
The supply chain costs often increase the selling price of a product or service. Lower costs are passed on to customers. Net profit doubles when supply chain costs are reduced. Increasing profits without increasing sales can be done by reducing costs in the supply chain. It is therefore crucial to focus on reducing supply chain costs.
What does dual source mean?
Dual sourcing essentially means working with more than one supplier of the same product. Two suppliers are used for the same raw material, product, service or component. Since dual sourcing involves working with multiple companies, it is usually more cost-effective.In addition, dual sourcing enables simpler sourcing processes. Dual sourcing must be justified to manage risks and simplify processes.Firms use a dual-source approach to reduce the risk of using a single source.
How can purchasing processes help manage supply chains?
An important step in the supply chain is the purchasing process. You can optimize the purchasing process and supply chain by selecting the best suppliers and negotiating the best contracts. As a result, production time and cost will be reduced.