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supply chain management

Six Sigma Certification: Black Belt, Yellow Belt, and Reasons to Get Certified?

What Is Six Sigma Certification: Black Belt, Yellow Belt, and Reasons to Get Certified?

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Six Sigma consists of a set of techniques proving to be worthy of improving production processes, removing defects, and ensuring qualities. The Six Sigma Certification proves valuable in validating professionals in identifying risks, defects, and errors in business operations.

Learning Six Sigma methodologies can easily help in growing your career in the industry. Getting them on your resume is a clear signal of your commitment to improving your business and analytical skills.

Various Six Sigma Certification Levels

An individual needs a specific set of experience and proficiency to get a Six Sigma Certification. It assures you to be a specialist to enhance process improvement and credible operations. The Six Sigma Certification comes with multiple levels including specific advantages. There are numerous six sigma certification levels like White Belt, Green Belt, Black Belt, Yellow Belt, and Master Black Belt. Let’s explore two important Six Sigma Certifications below:

Six Sigma Yellow Belt

At this level, you know the specifics of Six Sigma, and how and where to apply it. With problem-solving skills through this certification, you can support project teams in numerous ways.

Six Sigma Black Belt

Black belts are experts and agents of change. Along with leading projects, the skills can help in providing training skills.

Find your right SCM guru at KnoWerX to achieve the best-in-class preparation for these certifications.

Top-notch Reasons to Get Six Sigma Certification

Below mentioned are some of the compelling reasons to achieve APICS certification courses:

  1. To Ensure Compliance

The certification demands very high-quality standards. Various procures and organizations can easily apply the Six Sigma standards while evaluating the products or accounts. All those organizations that possess the professionals with Six Sigma Green Belt Certification can easily maintain profitable contracts and compliance with international standards.

  1. Boost Your Value Across Industries

Being value addition is another perk of getting the certification. These techniques are applicable in telecom, banking, aerospace, marketing, HR, and many other industries. Individuals who possess the six sigma certification have a wide range of knowledge to reduce business costs, streamline business processes, and boost revenue.

  1. Sustainable Processes & Quality Improvement

Once the individual has already completed courses on SCM, he/she will be allowed to review/monitor the company’s manufacturing processes. You will be allowed to conduct a complete review of recent practices to achieve sustainable quality improvement.

  1. Rise to Managerial Positions

The candidate will get a deep and precise understanding of financial advantages.

It will help you in strengthening your risk & financial assessment & management skills. Since these skills play a vital role in a senior management position in the firm, there are high chances of you securing the position.

KnoWerX: Best Suited Courses On SCM

At KnoWerX, we bring a wide range of leading SCM courses to grow your career. KnoWerX can be your best SCM guru to walk you through the entire process leading to success. We are a trusted partner of APICS and hence bring the best standard of APICS certification courses at the most decent prices possible.

SCM TRAINING COURSE - BLENDED LEARNING WITH KNOWERX

SCM TRAINING COURSE – BLENDED LEARNING WITH KNOWERX

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Supply chain management is an integral part of business administration and it plays a significant role in the company’s success. An organisation’s success is often determined by the customer satisfaction ratio, which is driven by the supply chain. The supply chain professionals have to adapt these skills and competencies to manage the increasing complexities in the whole system.

What is a Supply Chain Management Course?

The supply chain management course aims to make the participants aware of the various possibilities in the field of SCM. There is a huge demand for professionals who have successfully passed supply management courses and have been skyrocketing ever since in this ever-evolving business environment. Companies and institutions require these professionals to ensure customer satisfaction.

SCM mainly deals with planning, executing, controlling, and designing various supplies and activities to create a highly competitive and effective company infrastructure to boost the net value. Therefore, to be an #SCMGURU, the participants need to sharpen their skills by enrolling in KnoWerX, which offers one of the best supplies and management courses.

Evolution of Supply Chain Management Courses

The supply chain management effectively manages a product from its origin to the finished product and consumption. Over the years, businesses have adopted new strategies and technologies, so has supply chain management.

The process begins with careful planning, which involves going through the source, production, and transportation stage. The process is not complete until the final delivery is done. Regardless of the advancement, technology, and development, the main motive has not changed; earning better profit and fulfilling customers’ requirements.

To boost your career in supply chain management, you can join apics certification courses.

Importance of supply chain management

  1. Effective Costs:

SCM used in an organisation will eliminate the different distribution stages, including outlets, distribution, and repairs. Removing all these stages offers the customer a direct discount on the prices of the product when compared to the other products available in different stores.

  1. Improved customer service:

Customer satisfaction is an important factor that every business must remember in the long run. Customer satisfaction can dramatically affect the growth of a business. If the customers are not satisfied with the products and services of the company, the company can get bankrupt at any time. With the help of supply chain management, companies and institutions can easily keep track of their customer’s demands and develop strategies accordingly.

Therefore, to be an expert in this field, you need to apply for the best apics certification course.

What are the eligibility criteria for supply chain management courses?

Education

  • All the Indian students who want to participate in the program must have a graduation degree (10 + 2 + 3) or a diploma certificate degree (10 + 2 + 3) from a recognized university (UGC, AIU, state university, and AI) in any discipline.
  • International candidates have to present graduation or equivalent degree certificates from a globally recognized university or institution.
  • The participants must have proficiency in English, spoken and written, and must attend all the classes.

Work Experience

  • All the professionals who want to join the Courses on SCM need to have some work experience to be eligible.

Conclusion

To maximize customer experience and reduce the final cost of a product simultaneously, the professionals need to understand supply chain management better. An organisation can improve its reputation in a competitive marketplace by working closely with SCM guru KnoWerX.

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HOW DO I LEARN SUPPLY CHAIN MANAGEMENT?

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A supply chain is a collection of many steps that a company follows to transform its raw materials into the final product. Supply chain management optimises inventory and transportation from the collection of raw material, management of inventory, and retail delivery of the finished product. It maximises efficiency, reduces the overall costs of supply chain networks, and manages the flow of goods.

Program Overview

Courses on SCM mainly focus on the various aspects of building a digitally enabled supply chain. The students will understand how to leverage technology to improve the overall operational efficiency and decision-making ability across the supply chain.

Online supply chain management programs and courses

To manage a global supply chain, you need advanced skills in business processes, product development, information systems covering probability, and relationship management. You also need to have information on statistics, practical knowledge in management practices, and complex models.

An SCM professional requires practical knowledge and hands-on experience with the various tools and technologies used to overcome the logistical challenges, especially when there is an involvement of third-party logistics. To get started with SCM training programs, you must register for certification courses provided by SCM Guru KnoWerX.

Highlights of the training program

  • The course curriculum has been exclusively designed based on professional input from various fields. It includes industry and academics.
  • The content of the course has been scientifically planned using theoretical and practical approaches.
  • Professionals and students both can attend the apics certification program and therefore, the working time of a professional has also been taken into consideration. All the working professionals can opt for Sunday classes or distance learning.
  • Supervisors can also attend the course, including junior-level executives,freshers, and middle-level managers who want to build a career in supply chain management.
  • We will conduct all the lectures online.
  • We will also conduct the certification examination online

What are the eligibility criteria for the course?

The following candidates can apply for apics certification courses:

  • The participant who has cleared class 12 from any recognized university or board.
  • The participant who is a diploma holder (SSC + 3 years / HSC + 2 years)
  • Any graduate from any recognized university.

What type of study material will be available?

  • The training institute will publish study material for all the subjects in the English language.
  • Experienced practising managers have carefully developed the study material in a simple and easy-to-understand language.
  • The study material has adequate working knowledge of various subjects taught in the course for the students.

What is the examination pattern?

  • The training institutes will conduct an online examination
  • We conduct an examination in the last week of the year.
  • We will conduct the 1-hour online examination in English
  • The results will be declared after 30 days from the last date of the examination period.

All the participants who secure more than 50% will be declared SCM guru KWX.

Conclusion

To become an SCM guru, you must carefully follow the classes and score more than 50% in both the semesters. Once you pass both the examinations, you will be given a certificate after the convocation.

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TOP AND BEST SUPPLY CHAIN CERTIFICATIONS IN 2022

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When supply chain professionals consider getting a certification, they might face an overwhelming range of options to choose from. Where getting an APICS certification can have a significant impact on your career trajectory, it is a process demanding time, dedication and hard work.

Whenever and whatever APICS certification you choose, you should ensure that it is widely recognized and hailed. Therefore, we’ll have a look at the top and best supply chain certifications in 2022. They are as follows:

  1. Certified Supply Chain Professional (CSCP)

This certification, according to the APICS, “provides you with a mastery of supply chain management best practices and distinguishes you as an industry expert with specialized, high-level knowledge and skills.”

This certification teaches you to consider the supply chain from a broad perspective, view the relations between the areas of planning, sourcing, manufacturing, delivering and observe how the overall supply chain integrates.

Moreover, more and more companies today are seeking generalists – people having cross-functional knowledge, skills and experience. This certification can help you develop the same and get better career opportunities. You will ensure with this that you not only have an understanding of the functions you have to do but also how the process interacts with other functional processes.

  1. Certified in Planning and Inventory Management (CPIM)

For those seeking a career or career advancement in inventory management, APICS CPIM certification is the best. CPIM is best for individuals aiming to learn production planning and scheduling and inventory management. Moreover, you don’t need any degree but only prior experience in the field. The certification provides all the individuals with a solid grounding in the terminology and through a process that is involved in production and inventory management.

Moreover, by earning a CPIM certificate you can get a positive impact on your career as well as earnings. Also, it will improve your job security and opportunities as you will be an eligible and qualified candidate for the job market.

  1. Certified Professional in Supply Management (CPSM)

Globally recognized as a gold standard for excellence for supply management professionals, CPSM is created from an in-depth analysis of supply management functions. This certification explains and acquaints the individuals with the realities of supply management as well as its complexities.

By earning a CPSM certification, you’ll be able to get advanced skills and knowledge along with a greater understanding of the end-to-end supply chain. Also, it will position you to attain both, your personal and career goals, and support the goals and outcomes of the organizations for which you work.

Therefore, you should make sure that you choose the best SCM certification to fit your career goals for the best results. So, if you are looking for the best courses on SCM, KnoWerX has it for you. We serve as your SCM Guru in guiding and offering you the best supply chain certifications in 2022. Get the best certification from us and advance as well as succeed in your career with us.

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TOP SUPPLY CHAIN MANAGEMENT CERTIFICATIONS

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Like many other professionals, individuals in supply chain management can get various certifications to enhance their qualifications and advance their careers. With multiple supply chain certifications to choose from, it can become a task to choose the right one. Therefore, you need to have the best APICS certification from the leading SCM Guru.

Moreover, earning a supply chain certification can help you in your job as well as your business. For beginners, getting certified can prove your credibility and that you meet or exceed the core certification requirements. This will make you more attractive to potential employees. Also, it will make you a stronger job candidate among the pool along with better career and pay opportunities.

So, here are the top supply chain management certifications you can choose from as follows:

  1. Certified in Planning and Inventory Management (CPIM)

This APICS Certified in Planning and Inventory Management (CPIM) requires your eligibility as having three years related experience or a bachelor’s degree or equivalent. CPIM is best for individuals aiming to learn production planning and scheduling and inventory management. The certification provides all the individuals with a solid grounding in the terminology and through a process that is involved in production and inventory management.

  1. Supply Chain Operations Reference (SCOR-P)

This endorsement links business processes, performance metrics, practices and people skills into a unified pattern and structure. With this certification, you get a validation of your knowledge in the supply chain operations reference model. To acquire this endorsement, you will have to appear and pass the examination.

  1. Certified Supply Chain Professional (CSCP)

This certification provides you with a mastery of supply chain management best practices and distinguishes you as an industry expert with specialized, high-level knowledge and skills.”

This certification teaches you to consider the supply chain from a broad perspective, view the relations between the areas of planning, sourcing, manufacturing, delivering and observe how the overall supply chain integrates.

  1. Certified in Logistics, Transportation and Distribution (CLTD)

More than just a certificate, being Certified in Logistics, Transportation and Distribution (CLTD) will make you develop an in-depth understanding of how to streamline logistics, transportation and distribution including order management, distribution inventory management and warehouse management.

You’ll be able to join a network of professionals in transportation, logistics and distribution who are committed to creating exceptional and innovative solutions for the industry. Also, you’ll advance your ability to lead in this industry with the best practices always.

Once you gain the certificate, you get to add the credential to your resume, list it on your LinkedIn profile and include certification letters to enhance your potential and credibility. At KnoWerX, we offer a wide range of the leading and best courses on SCM for you to choose from and advance your career. We serve as your SCM Guru and guide you to the best path that leads to success. As a trusted partner of APICS, you can always rely on us for the best APICS certification courses.

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Types Of SIX SIGMA certification, and which to choose?

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Prospective employers would frequently search for Six Sigma or Lean Six Sigma certifications if you are pursuing a career in Quality Management in the manufacturing, pharmaceutical, healthcare, technology, or service industries.

Lean and Six Sigma are divided into two tracks, each with three certification levels. Both begin at the Green Belt level and advance to the degrees of Black Belt and Master Black Belt. So, how can you know which path is best for you? Here’s a quick rundown of Six Sigma course qualifying requirements.

You can prepare for and take the Six Sigma Green Belt test if you are an experienced professional with more than three years of experience in one or more relevant Six Sigma domains. You are eligible to take the SIGMA SIX Certification test if you have worked on one or more projects.

You can take the Lean Six Sigma Green Belt or Black Belt examinations if you don’t have any job experience but are eager to study for the exam. Neither of these Lean Six Sigma tests has any prerequisites.

Credibility is gained through global accreditation.

Many independent firms have produced rules and offered training and certification because there is no one official authority authorized to perform Six Sigma and Lean Six Sigma training and certification. Leading worldwide organizations and entities; however, accept two accrediting bodies.

SCM GURU KnoWerX training and certifications are done in accordance with worldwide industry standards, according to the American Society for Quality (ASQ).

Selecting a Training Partner

Understanding sophisticated procedures and tools is a need of both Six Sigma and Lean Six Sigma training. Instructors must have a good understanding of all applicable ideas. You run the danger of not getting proper, recognized training if you choose a training and certification business at random.

When considering a training and certification company, consider the following factors:

Accreditation

Make sure the organization you pick is accredited by either the ASQ or the IASSC. The type of certification you receive is determined by whether you choose SCM certification or Lean Six Sigma.

Delivery Methods

You should look for a company that provides training that is tailored to your specific needs and has a variety of delivery choices. Courses that provide classroom, instructor-led online classes, and online self-learning choices allow you the freedom to pick the best match for your requirements. Many professionals prefer instructor-led online training over the classroom or self-paced online training since it allows them to train from home.

Duration

Look for flexibility in the training’s duration. Some condensed courses are only one or two days long, while others are four or five days long. Based on your degree of preparation and expertise, choose the one that b Six Sigma approach is a tried-and-true method of increasing earnings and quality by minimizing faults and problems in all elements of a company’s operations.

However, the business is flooded with vendors and institutes that provide training and certification at exorbitant fees. So, how do you make your decision? What is the most well-known APICS certification?

Which Six Sigma Certifications are the Most Well-Known?

When it comes to certification, you’ll want to go with the most well-known, reputable, and capable choice accessible. This involves deciding between suppliers, for-profit colleges, private companies, and trade associations that suit your needs.

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SCM Talk Show-Supply Chain Risk Management, Episode 3.

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START A BUSINESS WITH A SUPPLY CHAIN MANAGEMENT SYSTEM

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A supply chain management system, attributed nonprofessional synonym for logistics, is a critical part of a business no matter what the nature of goods and services is. Whether it is handling, mobility, procurement and more, the supply chain exists everywhere. It can be attributed as a multifaceted approach that involves several fields such as engineering, commerce, management, IT, marketing and sales among others making it a competitive field.

Individuals with a Certificate in Supply Chain Management and Logistics can gain the in-depth knowledge and skills required to make a successful career out of it. Alongside, having a certification Certified in Production and Inventory Management also helps the individuals gain a better understanding of the industry.

Here are a few tips that will help you planning a venture in the supply chain industry with a logistics business. These are quintessential for understanding the prevailing scenario and the aspects of the undertaking to start a business:

  1. Know your fundamentals

You will have to perform analysis and do your homework. And for that, you need the best consultancy and case study of your competition. The research, analysis and homework include the following:

  1. Funding and investments
  2. Governance and regulatory documents required
  • How to formulate a business plan
  1. Skillset to recruit a capable individual

 

The list can include a lot of things and will continue to grow as your business sets up and expands. All this will help you in laying the foundation of your business with a supply chain management system.

 

  1. Decide the priorities

Your logistics business priorities should be properly thought about and established. Safe and fast services are required as priorities for an e-commerce business while procurement is a priority for a metal business. Therefore, put extensive consideration and thought for the same.

 

  1. Appeal to drivers

Not only the correct mode of transportation but also a fleet of good drivers. This will ensure that you reach greater efficiency and yield more benefits along with profit.

 

  1. Manage the lead time

Apart from delivery and arrivals, you will have to consider the lead-time that is different from the procurement time. It can include:

  1. Time in accepting orders and delivery
  2. Time in procuring and shipping from storage
  • Time required by the supplier to deliver the product

 

  1. Plan of action

You need a team to look after the supply chain management system of the company to ensure smooth operations. This is the primary result of intense planning in demand and production. Moreover, a smooth operation will require a well-designed course of action along with a capable and efficient workforce.

To get the finest knowledge and skills of supply chain management systems, you can get an APICS CPIM certificate. It will broaden your knowledge prospects and make it easier for you to venture into the industry. KnoWerX offers the finest APICS Certification with which you can become a successful professional in the industry.

 

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SCM Talk Show-Supply Chain Risk Management, Episode 3.

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WHAT CAN YOU DO WITH A SUPPLY CHAIN MANAGEMENT DEGREE?

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With the immense growth in the significance and importance of supply chain management and logistics, it has opened plenty of career prospects for individuals. Moreover, individuals with an APICS Certification develop better chances of career advancement and success.

Are you still unsure of what you can do with a supply chain management degree?

Let us have a look at the career options for SCM Professionals.

Before we get on to the career, let us understand why a SCM degree is very much in demand today.

Why should you have an SCM degree?

Individuals equipped with an integrated and comprehensive knowledge of supply chain and logistics stand as potentially strong candidates in the job market. For every retail organization, a supply chain exists which makes it a potential area with multiple employment opportunities.

For a job in supply chain and logistics, you need to be a graduate. But employees prefer candidates with a supply chain management degree over those who have only done graduation. Having a SCM degree will make you stand out of the crowd, as you will have the relevant qualification.

What are the career prospects?

Now, when you have developed an understanding of the subject and industry, let’s start with the career options available for you to pursue after getting an SCM degree.

Operations Manager

You will be responsible for the operations of the organization while directing and coordinating the activities concerned with the production, pricing, sales and distribution of goods. Also, you will have to review the performance data to check the productivity levels.

Logistics Analyst

Responsible for analysing the supply chain processes, a logistics analyst identifies the areas for optimization and improvements. You will maintain the databases, compile and organize all relevant information. Alongside, you will have to provide analysis and feedback in certain areas related to logistics.

Supply Chain Manager

As a supply chain manager, you will coordinate and direct the supply chain processes to enhance customer service, safety and accuracy. You will be monitoring the forecasts and quotas to determine the changes and their effect on the supply chain and logistic activities.

Purchasing Manager

A purchasing manager has to plan and direct the activities of the purchasing officers, buyers and other personnel involved in the purchasing of material, services and products. You will represent the organization in policy formulation and contract negotiation with the suppliers.

Storage and Distribution Manager

You will have the responsibility of overseeing the facility of storage and distribution operations. The managers are also responsible for conducting interviews, selecting and training employees apart from supervising the warehouse personnel. You will also have to develop and implement warehouse safety and security activities.

Logistics Manager

A logistics manager coordinates the purchasing, warehousing, forecasting, distribution, customer service and planning of the organization. The individual has to manage the systems and personnel related to the daily logistics operations. Also, you’ll have to collaborate with departments to streamline the processes.

So, you see, Now, you do not have just one, but multiple choices to choose a career path. You can pick the one that best aligns with your skills and interests. Moreover, no matter what you choose, you can be assured of having a potentially successful career with the right blend of knowledge and skills.

An elite partner of APICS and affiliate of Demand Driven Institute, KnoWerX offers the best certification in Supply Chain Management. Along with these, it offers other training programs and courses.

The certifications and courses offered are in the area of supply chain management, operations, management, production management, material management, demand planning, distribution management, logistics management, theory of constraints and transportation management.

The certifications and endorsements you can get from KnoWerX includes Certified in Planning and Inventory Management (APICS CPIM), Certified Supply Chain Professional (CSCP), Certified in Logistics, Transportation and Distribution (CLTD) and Supply Chain Operations Reference Professional (SCOR-P).

Individuals can get plenty of benefits from supply chain management courses such as higher recognition, personal development, accelerated career growth, higher success rate, better salary and many more from the courses.

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SCM Talk Show-Supply Chain Risk Management, Episode 3.

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SCM Talk Show, Episode-8

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regular updates in the field of Supply Chain Management.

PROCUREMENT MANAGEMENT

WHAT IS PROCUREMENT MANAGEMENT?

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What do you understand by the term procurement management?

Is it related to Supply Chain Management and Logistics?

Confused? Let’s understand what procurement management is. 

To ensure efficient operations, procurement practices are an essential element to execute, regardless of the company or industry. Putting it in simple words, procurement involves processes concerning the acquisition of goods and services from other parties. Procurement can be goods such as furniture, raw materials and office supplies or services such as training and consulting.

Different organizations follow different techniques to execute their business operations. Procurement management helps in ensuring that they are done as planned. Also, time and again, it has proven its caliber to be a deserving and vital business function to follow.

How important is procurement management?

In simple terms: To ensure the success of business operations and enabling you to meet your specific business goals.

Let’s make it simpler. 

It helps in maintaining better relationships with the vendors or suppliers. Also, it allows you to stay organized at every step of the procurement process. With the procurement process, organizations are able to avoid costly downtime. This helps them in boosting the bottom line of their business.

Moreover, with the continuous advancement in technology, procurement techniques are becoming very popular. It helps in cutting down costs, delays and promotes efficient performance. Also, managing procurement processes is a crucial business aspect that cannot be eliminated.

What are the steps involved in procurement management?

Let’s Take A Look.

  • Planning – Organizations put together a comprehensive plan for the procurement process while specifying the goods and services that will be required, internally or externally
  • Finance – Further, a budget is made. Moreover, with the plan, it helps in staying organized throughout
  • Supplier Identification- Supplier research and identification help in determining whether they will meet all the requirements or not
  • Proposals – Upon supplier identification, the company makes requesting proposals along with negotiating whenever required. This requires effective communication of the requirements.
  • Contract – The contract is made and signed with the supplier, now the organization’s purchasing department controls the delivery and payments of the goods and services
  • Analysis – The organization analyses the entire procurement process with the key performance indicators. This helps in finding areas for improvement and making the process better for further procurement plans.

How does it benefit the organizations?

Now that we have an overview of procurement management, let’s see the benefits it brings along.

  • Saves valuable time for the organization as the goods or services are readily available
  • Enables the organization in running the procurement process smoothly and quickly
  • Helps in large scale savings for the business through strategic sourcing of the products/ services
  • Quality assurance is made for the purchases made during the procurement process
  • Improves business relations with the vendors or suppliers and improves transparency

Procurement management proves to be a crucial step in ensuring smooth business operations. With plenty of supply chain management courses available, you should choose the best having all the concerned aspects including procurement. It ensures that you learn the steps with ease. Having a certificate in Supply Chain Management (CSCP) and Logistics (CLTD) would ensure that you attain the finest knowledge of the same. KnoWerX enables you in getting Supply Chain Management Certification (CSCP) and establish a successful career in the field with the required skills. 

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SCM Talk Show-Trends in Procurement, Episode 4.

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SUPPLY CHAIN RISK: PROTECT YOUR BUSINESS WITH RISK

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How important do you consider Risk Management?

The cyclic nature of business and market uncertainty involves a constant risk of supply chain management and logistics. With risk management at an early stage of development, supply chain management needs to evolve considerably. As the supply chain will develop and become complex, risk will also increase and become costly. Conclusion… The necessity of risk management.

Effective solutions of supply chain risk depend on the business strategy and its compatibility. Let’s understand this with an example. The supply chain operations of the business must align with the comprehensive strategy of the business. If not, the supply chain will generate risk for the business as a whole. 

With risk management, you can cover the aspects of both kinds of risks, i.e, known and unknown. Some examples of known supply chain risks are supplier failure, inadequate logistics, process breakdowns, and inadequate distribution capacity. Excessive demand instability or natural disasters are also examples of known risks. Though the list of known risks is long, they can be identified in advance of their occurrence. Also, with mitigated efforts, they can usually be prevented.

Causes And Challenges Of Risk Management 

For eliminating supply chain risks, the supply chain risk manager will have to discover the causes of the risk(s). When you know a cause, it helps in developing effective and long-term solutions. However, finding the causes of the risks is not a piece of cake. The challenges that obstruct the way include missing information, lack of communication, and high complexity.

Supply chain management courses enable a person in discovering and understanding the aspects of supply chain risk management. This stands as a crucial aspect in protecting the business from risk. For this, risk awareness at every level of the organization is vital. Moreover, to map and manage their supply chains, organizations use the software. The availability of supply chain flowcharts and templates helps in grasping even the simplest supply chain risks that exist.

Why is it important?

In these challenging economic times, Supply Chain Risk Management can help organizations in enduring and benefitting from these risks. It simulates many best practices of the supply chain and improves the supply chain partner relationships with appropriate risk information. Alongside, it provides visibility of risks across the supply chain. As a result,

careers related to supply chain risk management have been increasing.

Every business has to balance the aspect of risk and reward. For a greater record, you need to endure a greater level of risk. In this, with risk management, you can ensure that risk exposure is minimized while the organization aims for achieving its objectives. It can be an effective tool in the process for businesses.

Risk Management For A Competitive Advantage

With enhanced and better risk management, an organization can take market share from its competitors in case of any risks or unforeseen circumstances. This leads to improvement in identifying, addressing, and preventing the risks that might incur unnecessary or unavoidable costs and time to the organization. Moreover, these benefits always increase when you practice them across the supply chain.

Keeping a warehouse moving throughout all circumstances requires skills, knowledge, and expertise which the finest certification can help you gain. It acts as a stepping-stone towards your goals of being a successful and skilled supply chain professional with exceptional risk management knowledge and skills. Certified professionals, are in a better situation to address and handle the levels of risk management and its challenges…

KnoWerX offers the finest certificate in Supply Chain Management and Logistics that will help you in developing risk management potential alongside other supply chain work or industry aspects. Having a supply chain certification will enable you in addressing risk proactively. Therefore, you have the best certification in the supply chain that will make you a successful industry expert.

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SCM Talk Show-Supply Chain Risk Management, Episode 3.

Watch our latest episode of SCM Talk Show on the KnoWerX Youtube channel & Subscribe for more updates.

SCM Talk Show, Episode-7

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Tags – SCM training, APICS Certification, Supply Chain Management Courses, Supply Chain Certification

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