In: Operations Management
Tell us about a topic in this Course that was of particular interest to you.
Also let us know your general thoughts about Supply Chain Management as a potential career path.
The topic I found interesting in this course is the inventory management.
Inventory management is a component of the supply chain management and it deals with the supervision of the flow of goods from a manufacturer to the warehouse and then to the end user. I found this interesting because the process looks simple but in reality, it is one of the complex parts of the supply chain management. The complexity of inventory management increases ten folds when we take big companies as examples. This topic also involves the usage of the software that can help companies in managing their resources better like ERP systems. It was very exciting for me to study these systems can have an impact on the business of the company. Some of the inventory management techniques like Just-in-time, ABC Analysis, and Stock review are very useful to understand the topic.
Supply Chain management is a great career choice because most of the companies have gone online. The large companies like Amazon, Alibaba, Walmart, Best Buy etc rely mainly on their supply chain team for the successful business activities. So the chances of getting a well-paid job in some of the major companies across the globe are high. The person just needs to specialize in one of the topics in the supply chain management and they will be considered as a subject matter expert in the company. The professional development is also good in this industry because of the use of latest technologies. Companies are trying to integrate latest technologies into their process to increase the efficiency. So the learning opportunities are more and they can add value to the profile. So it can be a very good career choice for someone who is very passionate supply chain management.