Scm Course Summay

Introduction

Prior to joining NITIE I worked in one of the most complex Supply Chains – The Oil & Gas Industry. There, I had a first-hand experience in tackling various issues pertaining to supply of petroleum products in the industry. But this was not backed by any theoretical knowledge and I applied my intuition to take my decisions. Coming to NITIE then was an obvious choice for me as I had known to be the best in nurturing the brightest brains in the domain. I got the first flavour of Supply chain in the 2nd Module under Prof A.K Pundir. No one can teach anything to anybody. One who can inspire is the true teacher. We had no scarcity of motivation with Prof Pundir teaching us. He made the class adopt a unique style of learning where we learnt from peers more than rote learning from the textbook. I present my learnings from the course in a nutshell

An Overview of Supply Chain Management in his words:

The diagram below illustrates the concepts of Supply Chain Management in a beautiful fashion

The concept of Supply Chain Management is based on two core ideas. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain.

The second idea is that while supply chains have existed for a long time, most organizations have only paid attention to what was happening within their “four walls.” Few businesses understood, much less managed, the entire chain of activities that ultimately delivered products to the final customer. The result was disjointed and often ineffective supply chains.

The organizations that make up the supply chain are “linked” together through physical flows and information flows. Physical flows involve the transformation, movement, and storage of goods and materials. They are the most visible piece of the supply chain. But just as important are information flows. Information flows allow the various...