What are supply chain gaps?
What are supply chain gaps?
The purpose of a supply chain gap analysis is to measure the differences between the current situation and the desired situation. It compares “what is” with “what ought to be”. When gaps are identified, you can work to close them. Participant(s) Supply chain management and key employees.
What is knowledge in supply chain management?
Knowledge management within the supply chain includes the expertise developed and employed by people experienced in managing each of these processes—from raw materials management, to quality assurance, to inventory management and more.
How do you gain knowledge in supply chain?
Find New Ways to Gain Supply Chain Knowledge
- Support and encouragement for the employee to step out from her established comfort zone.
- A mentor can be an important contact in the mentored employee’s network.
- A mentor can also provide the mentored employee with access to other new network contacts.
What are the SCM knowledge areas?
Supply management Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning.
Why are there so many supply shortages?
We have been experiencing shortages and price increases on all sorts of products for months. It’s a combination of two reasons: first, demand is exceeding capacity in production and logistics, and second, there is a lack of redundancy in the current supply chain.
Why knowledge about supply is important?
Supply and Demand Determine the Price of Goods and Quantities Produced and Consumed. But if supply decreases, prices may increase. Supply and demand have an important relationship because together they determine the prices and quantities of most goods and services available in a given market.
What do you know about knowledge management?
Knowledge management is the conscious process of defining, structuring, retaining and sharing the knowledge and experience of employees within an organization. The main goal of knowledge management is to improve an organization’s efficiency and save knowledge within the company.
How can logistics improve knowledge?
Five tips for managing your logistics more effectively
- Take the time to make a solid plan. Efficient logistics is all in the planning.
- Always have a contingency plan.
- Hire a logistics manager with strong interpersonal skills.
- Automate your systems wherever you can.
- Learn from your mistakes.
Do you need a degree for logistics?
Logisticians may qualify for some positions with an associate’s degree. However, due to complex logistics and supply chains, companies prefer to hire workers who have at least a bachelor’s degree. Many logisticians have a bachelor’s degree in business, systems engineering, or supply chain management.
How to fill your supply chain knowledge gaps?
Abe Eshkenazi, CEO at Chicago-based APICS, says certification helps companies fill in some of the newer gaps that are surfacing in supply chain knowledge, such as big data and analytics. He says companies want real-world experience in such areas, yet the typical college education doesn’t necessarily address these newer points.
Which is the key driver of supply chain knowledge?
“We know that management is the key driver of supply chain knowledge and skill sets, so motivating everyone from the supply chain manager all the way up to our senior leadership to get certified is very important.” says Hopmann. “We push the APICS courses out as pre-requisites for development in our supply chain division.”
How is tacit knowledge used in supply chain management?
Tacit knowledge is knowledge gained through the experience of an individual working in their role within the supply chain. This experiential knowledge is key to making supply chain improvements. Without effective knowledge management, it can be difficult to document and share for maximum business benefit.
How long does it take to learn supply chain management?
“Most have strong analytical backgrounds and are now interested in studying supply chains,” says Kouvelis, “and developing the skills needed to plan and manage such systems.” Executive education generally requires a 12- to 24 month time commitment, depending on the school and the course format.