The primary goal of supply chain management

• What are the various supply chain management types?
• How do supply chain management methodologies help in delivering unique products and services?
• Why are different supply chain management required?

With modern digitized times bringing an increase in complexities and challenges, it’s essential to have a the methodology that links different business entities such as suppliers, manufacturers, transporter, distributors, and retailers with consumers. The primary goal of supply chain managementis to connect these different individuals to allow for successful deployment and delivery of organisational products, goods, and services.

Young executives aspiring to acquire knowledge about supply chain management’s concepts and practical tools to learn from the correct sources. Numerous courses in supply change management provided by different institutes help professionals build solid understandings of this domain's critical practices and techniques. Amongst these courses, the IIM supply chain management program has been designed to render young managers theoretical, practical aspects of this job role and skill-sets. Professionals can ace the logistics and supply chain management fields from the selective XLRI course as well.

Moreover, these courses equip learners with various types of supply chain management.

Getting to Know About Different Types of Supply Chain Management

The different types of supply chain management include the following:-

• Material Logistics Management

Modern supply chains consist of online business paradigms and platforms. Material logistics management comprises specific components such as raw materials, the supplier/s, incorporation of a production process, and end-user. Logistics and supply chain managers ensure that physical raw materials are provided on time so as to deliver products as per their delivery dates.

• Requirements Change Management (RCM)

Requirements chain management focuses on building a good relationship with third-party logistics providers so as to align the provider’s supply chain management plan with the company’s expectations. The RCM plan aims to meet and optimise the firm’s requirements by maintaining traceability and determining product scope.

• Customer Relationship Management

Customer relationship management aims to assimilate, evaluate, and analyse customer trends such as search patterns, frequent viewing of particular products and goods, and others. This helps in developing pathways that facilitate better interaction with consumers and assists in their retention. Store reception, sales (online and offline), customer support and loyalty, and customer retention are customer relationship management’s areas of concern.

• Network Perspective Management

Network perspective management provides businesses with potential networks and connections that help in bolstering organisational, economic prospects. Logistics personnel add value to the supply chain by connecting several networks. In simpler terms, network perspective management brings businesses together through a standard supply chain model.

Utilising Correct Supply Chain Management Type

Different types of supply chain management/s discussed in this article focus on providing distinctive solutions to businesses. It’s the duty of the logistics and supply chain manager to incorporate the methodology that suits their corporation's work-flows.

Therefore, young managers must learn about this domain’s key concepts through courses in supply chain management. Furthermore, enrolling for the IIM supply chain management program can assist professionals in their job roles.

Talentedge is an Ed-Tech firm. We are the first to bring ‘Live & Interactive’ anywhere learning in digital format.