Management territory is very wide term when it comes to theoretical & practical aspect of life, from the beginning of life we need management, but when it comes to management in corporates world the same management concepts split into different branch i.e. MARKETING, FINANCE, HR, IT, IB, RETAIL, SUPPLY & many more categories are there…

BUT, this time we have to learn something contrasting from Mr. Rohit Fernandes, that’s Concept & scope of SUPPLY CHAIN MANAGEMENT.

“Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.”

We the ISBRian’s learn from the executive the concept of supply chain management, its working, process, steps & some curtail example (MARK & SPENCERS vs ZARA) & (DELL vs COMPAQ) that how effective supply chain department promote & demote the sales, revenue & profit of company.

When it’s come to process orientation part supply chain management categories in variant levels terms as S1, S2 & if required S3 (raw materials) also & then moves to factories for the conversion, then to warehouses or wholesalers depending on the durability of that product afterward it get delivered to some stores where the final consumers purchase & consumes, the entire course of action comprises under supply chain management, Which is down the line after 5 years is very much demanded & adaptable in INDIAN context according to Mr. Rohit Fernandes…