Importance of supply chain management – NDIM- New Delhi Institute of Management

Importance of supply chain management

What is Supply Chain Management

Supply chain management (SCM) is the overview of materials, information & finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The primary task of supply chain management is to coordinate and to integrate these flows both within and among companies. NDIM which is amongst best b-school in Delhi gives proper training in SCM helps to understand the management flow of goods and services that involve the movement & storage of raw materials, of work-in-process inventory, and of finished goods from the point of origin to the point of consumption.

PGDM College NDIM helps students to understand that the global companies are forced to look for a production centre where the cost of labour and raw material is cheap & to compete in the global markets and networked economy SCM is very helpful for organisations.

Role played by SCM

SCM act as a backbone for any organisation which manages the critical issues of the business group such as rapid growth of multinational corporation, global expansion and environmental concerns which affect the corporate strategy. The best b-school in Delhi will give you complete understanding to:

  • Reduce inventory costs
  • Provides better medium for information sharing between partners
  • Improves customer satisfaction as well as service
  • Maintains better trust between partners
  • Provide efficient manufacturing strategies
  • Improve process integration
  • Increase proper cash flow
  • It helps in giving quality and provide higher profit margin

SCM offers various techniques and tools which help the organisation to diagnose the problems and provide appropriate solutions of these disruptions around the business.

NDIM provide the PGDM Course to students that offer specialisation in transportation and Logistics Supply Chain Management programs which attract the diverse group of talented and motivated students from across the globe. Here in NDIM students get an opportunity to work directly with the researchers & industry experts on complex and challenging problems in all the aspects of supply chain management. NDIM is the best Management College in Delhi which gives its students classroom and laboratory learning straight into industry. Students graduate from our programs as thought leaders ready to engage in an international, highly competitive marketplace.