Technological advancements have always paved new paths in existing methods. The supply chain has always been a complex and tiring process that needs upgradation. For years the whole process has been carried out through various ways and means, making it difficult to keep track of everything. As we progress towards better innovations, managing the supply chain is also one of the key areas facing changes.
From raw materials to finished goods, a product reaches its final form in the supply chain while being delivered at the customer’s place. The journey from a warehouse to getting delivered to the customer can be made smoother and more optimized using new-age innovations. This can help speed up the process, make it more efficient, and give advanced solutions to people working in the supply chain.
This sector is booming with numerous prominent innovations transforming logistics and transportation, smoothing all operations. This has led to increased productivity and has solved several client-side issues that needed to be solved. The supply chain management course has adapted to suit all the new tech innovations and has become a more digital, sustainable process.
So if you’re looking for a career opportunity in the SCM in 2023, you’re making the right decision. This sector has become competitive over the years, and with all the innovations carving a new way for things, professionals must reevaluate and upskill their knowledge accordingly. This will help them drive better results in this highly competitive economy.
To understand why one must think of a career in supply chain management, let’s see the major benefits that will help you make a better decision.
Importance of Supply Chain Management courses in 2023
There are several benefits of doing supply chain management courses and turning your career into SCM as the field sees multiple revolutionary changes. Supply chain management systems have always been age-old processes that, even though they have changed over the years, can be made more efficient in the coming years.
Another reason for getting your hands on SCM is that it’s everywhere. This vast industry offers loads, from regional to national to international. A degree in Digital Supply chain management will help you foster all the current advancements in the sector, opening new job opportunities for you.
These courses will help you polish your soft skills and the technical skills required for efficiently managing all the processes involved. They will also clarify the concept of
supply chain management, building the foundation for various roles and positions.
Another significant benefit of these courses is that they help you develop a career in business, HR, and other fields. Here’s a video that will help you understand the concept of supply chain management from the ground up.
You can even choose a different niche you want to work in, like logistics management, inventory management, managing production, and many others. As a supply chain manager, you can expect a pay of 12 lakhs per year in India. With flourishing demands and advancements, this sector undoubtedly offers some of the most rewarding career opportunities.
Top 6 Technological Advancements in Supply Chain Management
Since the blog’s beginning, we have been talking about the tech innovations that are getting incorporated into supply chain management systems. So let’s get ahold of what precisely these innovations are and how they’re changing the course of this industry:
Machine Learning & AI
It’s 2023, and machine learning and AI are at the forefront of every industry and sector, no matter how big or small they are. Using AI, many organizations have been able to automate warehouse operations, manage data, and improve delivery timings effectively. In addition, AI helps companies improve customer service, which has led to better sales. Using machine learning and AI, logistics can be made smoother.
AI has reduced the need for human interactions with the help of IoT devices. Since everything can be put on the cloud, there is no need for man-to-man data sharing. AI’s features have also optimized fleeting and packaging. Being a supply chain manager with digital background will give you an edge over others. Just like with Simplilearn’s Digital Supply Chain Management, you can get a hold of such evolutionary innovations better.
Vehicle platooning has several benefits and is a result of tech inventions. Platooning is a procedure of driving a group of vehicles together. This is done using connectivity technology and automated driving systems. Such supply chain management software have made transportation more efficient. Through truck platooning, companies save time because of reduced congestion and have better fuel economy.
You can use your managerial skills to manage travel systems by understanding and aligning the company’s needs.
When it comes to transparency in the supply system, Blockchain has become an important aspect. Blockchain is nothing but an advanced database mechanism. Through this, transparency is flown across your business network. From production to distribution, one can keep track of the product until it reaches the customer. This has led to building trust and reliability in all aspects of the supply chain.
Geotagging & Sensors
The customers and even the logistics team can trace all the goods and services on time using their devices. Through this technology, we have removed any blind spots in the supply chain. Sensors act as a security barrier against any unwanted activity in the supply chain. Tampering, delays, or any other issues can be easily detected.
For businesses and companies that do not have extra space to keep their inventory they’re offered space by other companies that do have space. This is on a rental basis and saves money and space for many companies. As a manager, you can help two companies connect and cater to their transactions fluidly.
Robots and automation have always been a great help in the supply chain. They cut down on costs, promote sustainability and make the process more efficient overall. When connected with machine learning, AI, and IoT, these have transformed the SCM completely. One of the significant advantages is precision, reduced mistakes, and increased productivity.
If you have a background in software systems or digital media, you can use this to leverage your skills in supply chain management.
Ultimately we conclude that supply chain management with the evolving technology has become a major career outbreak for many in 2023. Aligning your skills and doing online courses can secure a great career in this field, giving you one of the best pay in the country. The demand for supply chain managers has been increasing since the concept of supply chain management is familiar to loads daily.