Operations and Supply Chain Management NITIERahul Singh
NITIE is situated in Mumbai, Powai. It is a beautiful campus with lush greenery. The students call it the God’s own campus while the world calls it NITIE. It has been producing the best managers for the country every year from the past 50 years. It is amongst the top 20 B-Schools in the country.
About Operations & Supply Chain Management:
Supply Chain Management (SCM) is the management of all the processes involved in the flow of raw materials into the industry, conversion of raw materials to finished and complete goods and then the flow of the finished goods out of the industry to the ultimate consumers through the distribution channels. Basically it involves the flow of goods and services from the point of start to its point of consumption.
Operation management refers to monitoring of business practices to create maximum effectiveness within the organization. It deals with converting labor and raw materials into services and finished goods in the most efficient and inexpensive way.
It is a well defined process involves planning, executing, control, and monitoring of the activities with the aim of optimum utilization of resources, growth of business, time-based results, minimum costs and maximum customer satisfaction.
In many cases the supply chain includes the collection of goods after consumer use for recycling, including third-party logistics or other gathering agencies.
Importance of OSCM in an organization:
In the recent times, I.T sector, outsourcing organizations and globalization measures have made organizations, like Dell and Hewlett Packard, capable enough to successfully operate combined supply networks in each specialized business partner concentrates on only a few key designated activities.
In the 21st century, innovations in the business environment have added to the advancement of supply chain networks. First, as an outcome of globalization and the proliferation of multinational companies, joint ventures and business partnerships, remarkable success keys were identified. Second, technological growth, particularly the dramatic fall in communication costs (a key component of transaction costs), have led to variations in synchronization among the parts of the supply chain network.
Operation and supply chain management are important components of an organization which are concerned with the creation of utility in raw materials through conversion process.
Following are its key roles:
- Planning: An activity which defines the course of action and acts as guide for future decision making is called planning. It defines the policies, rules and regulations for achieving the goals of an organization.
- Organizing: An activity which establishes the allotment of work amongst different units of the organisation is called organizing. It is basically the assigning of the work and responsibility for carrying them out. It includes job designing and project management.
- Controlling: An activity which assures that the actual performance is at par with planned performance is called controlling. It includes scheduling, controlling costs, quality management, monitoring etc.
- Behavior: The human resource of the job is called behavior. Operational managers are concerned about how their efforts to plan, organizing and controlling affect the working staff’s behavior.
Supply chain professionals hold great importance in the planning and management of supply chains. In the planning of supply chains, they help find out whether a product or service is manufactured by the firm itself or is outsourced from some other firm. In the management of supply chains, supply chain professionals interact and manage production among various providers, making sure that production and movement of goods take place with minimal quality control or inventory issues.
One objective of a well-planned and maintained supply chain for a product is to successfully produce the product at minimum cost and optimum utilization of resources. Such a supply chain could be considered a competitive tool for a firm.
About the OSCM program at NITIE:
OSCM programme at NITIE gives a strong and well defined curriculum of planning and managing an organization’s resources and activities that create products or services.
Following are the list of core and elective courses offered by the OSCM area across the different programs at NITIE:
Core Courses Offered:
- Supply Chain Management
- Quality Management
- Production and Operations Management
- Procurement and Materials Management
- Logistics management
Elective Courses Offered:
- Business Process Re-Engineering
- Advanced Logistics Management
- Advanced Production and Inventory Management Systems
- Advanced Supply Chain Management
- Global Production Strategies and Implementation