Supply Chain Management Institute Delhi

In this business era of increased volatility, global competition, economic risks,

and digitalization, customers have become more empowered. There is no let
down in consumer demand for excellent service, competitive price and value
addition. This will influence SMBs for efficiency accretions and performance
augmentation. If you want to succeed in today’s business environment, you
must think beyond only optimizing business operations. The future success of
an SMB largely depends on how effectively they are reaching their customers
and how efficiently they are optimizing their supply chain.
Report says that, the supply chain management market compared to last year is
up by 11% as and it is expected to exceed $19 billion by 2021. With the rise of
digitalization, demand for agility and business integration has become crucial.
To grapple with the demand, enterprises are forced to introduce new business
models, which enables SCM spending.
To achieve overall business growth and revenue maximization, you must drive
customer-centric innovation through technology-enabled supply chain
management. Over the past decade, many forces have compelled SMBs to
reinvent their supply chain strategies.  Globalization of business offerings, the
conception of product diversity, the increased complexity of supply chain
networks, and the compressed product life cycles are few factors, which forced
enterprises to modify their business model. To stay competitive, few rational
companies collaborated and integrated their supply chain partners.
In relation to this, an “increase emphasis on supply chain professional” also
appears for the first time in the top five in 2015.
Our institute sets out some specific recommendations to help supply chain
leaders build future-fit supply chains that both drive progress on top
procurement priorities and advance the sustainable business agenda.
Supply Chain professionals will also be keeping the core of supply Chain
management by achieving efficiencies in the supply Chain management. Lastly,
supply Chain professionals will serve as the source and disseminator o f
knowledge by capturing and using supply-chain related knowledge in different
segment of industry across world.