mobile
Online Master Class on "Essentials of Supply Chain Management for MSMEs - Manufacturing"
 

CII Southern Region has organised an Online Master Class on "Essentials of Supply Chain Management for MSME - Manufacturing" on 5th November 2013, in order to provide an insight on Supply chain functions. In this session the topics of "Supply chain" - definition and debriefing, Supply Chain as the new business "frontier" and Drivers of Supply chain efficiency were discussed.

After liberalization and globalization of the economies in modern world, competition for Small and Medium Enterprises (SMEs) have become very severe. To face tough competition of open global markets, SMEs must have efficient Supply Chain Management (SCM) to have consistent value addition. Supply Chains have to be fast, responsive and resilient. A well-coordinated supply chain increases profitability in business. Small and Medium Enterprises (SMEs) in India have challenges in SCM implementation due to lack of updation and directions.

Significance of Supply Chains : A good supply chain design will start with understanding what the customer values. Usually, poor on - time delivery performance by a supplier can lead to customer holding more inventory to ‘buffer’ the unreliability of a supplier. When a MSME supplier manages his inventory efficiently, the entire Supply chain benefits and the buyer will have more confidence on his supplier. An efficient Supply chain results in Supply chain delivery reliability, increased responsiveness, more flexibility, better asset management, lowered freight costs, improved supplier performance & accountability, improved customer satisfaction & customer relationships, Reduced the total cost of fulfillment through the reduction of inventory, space, lead time, logistics costs, and increased fill rates.

"Supply Chain Management" is relatively a new and emerging topic that requires enough tutoring to understand and then to implement. SMEs can reduce cost and increase operating efficiency by fully leveraging supply chain concepts.

 
Description

CII Southern Region has organised an Online Master Class on "Essentials of Supply Chain Management for MSME - Manufacturing" on 5th November 2013, in order to provide an insight on Supply chain functions. In this session the topics of "Supply chain" - definition and debriefing, Supply Chain as the new business "frontier" and Drivers of Supply chain efficiency were discussed.

 

After liberalization and globalization of the economies in modern world, competition for Small and Medium Enterprises (SMEs) have become very severe. To face tough competition of open global markets, SMEs must have efficient Supply Chain Management (SCM) to have consistent value addition. Supply Chains have to be fast, responsive and resilient. A well-coordinated supply chain increases profitability in business. Small and Medium Enterprises (SMEs) in India have challenges in SCM implementation due to lack of updation and directions.

Significance of Supply Chains : A good supply chain design will start with understanding what the customer values. Usually, poor on - time delivery performance by a supplier can lead to customer holding more inventory to ‘buffer’ the unreliability of a supplier. When a MSME supplier manages his inventory efficiently, the entire Supply chain benefits and the buyer will have more confidence on his supplier. An efficient Supply chain results in Supply chain delivery reliability, increased responsiveness, more flexibility, better asset management, lowered freight costs, improved supplier performance & accountability, improved customer satisfaction & customer relationships, Reduced the total cost of fulfillment through the reduction of inventory, space, lead time, logistics costs, and increased fill rates.

"Supply Chain Management" is relatively a new and emerging topic that requires enough tutoring to understand and then to implement. SMEs can reduce cost and increase operating efficiency by fully leveraging supply chain concepts.

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
1000
NonMember
2000