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Supply Chain Management Courses In South Africa:
What Is A Supply Chain Manager?
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed). Supply chain management flows can be divided into three main flows:
- The product flow
- The information flow
- The finances flow
The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs. The information flow involves transmitting orders and updating the status of delivery. The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.
Using software to control the flow of inventory/data is a major part of the supply chain managers role in a company. There are two main types of SCM software: planning applications and execution applications. Planning applications use advanced algorithms to determine the best way to fill an order. Execution applications track the physical status of goods, the management of materials, and financial information involving all parties.
Some SCM applications are based on open data models that support the sharing of data both inside and outside the enterprise (this is called the extended enterprise, and includes key suppliers, manufacturers, and end customers of a specific company). This shared data may reside in diverse database systems, or data warehouses, at several different sites and companies.
Increasing numbers of companies are turning to Web sites and Web-based applications as part of the SCM solution. A number of major Web sites offer e-procurement marketplaces where manufacturers can trade and even make auction bids with suppliers.
What You Will Learn In This Supply Chain Management Course
- The objectives of a purchasing department
- The procedures used in purchasing
- The characteristics of materials management
- Information technology
- How suppliers are located
- Strategic planning
- Key factors in negotiation
- Costing techniques
- Accounting concepts
- Financial statements
- How information is recorded
- Accounting data
- The marketing concept
- Selling and the marketing mix
- The sales function
- The steps in strategic planning
Who Will Benefit From This Supply Chain Management Diploma?
This course is developed to benefit any individual who is currently working in the business industry who wants promotion at work,
or
any student who cannot afford to go to university to study, but wants to acquire more knowledge and understanding in this specific working environment to make them employable.
What Qualification Will I Have After I Have Completed My Supply Chain Management Diploma
The Oxbridge Academy Supply Chain Management Diploma is a career-orientated skills programme which is provider developed and assessed. The diploma is issued by Oxbridge Academy and endorsed by the South African Institute of Management (SAIM). After completion of this diploma the student will show competence in the area of Supply Chain Management.
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