With the advent of globalization, supply chain and logistics management activities has become more important to the business companies worldwide. Today, there are growing practices of outsourcing and off-shoring by medium and big corporations to maximize their profits with plans implemented for cost savings which improve customer satisfaction. When globalization brings huge opportunities for business around the world, it also brings complex supply chain transportation and logistics management activities. As seen on many case studies, a company operating in Canada, for example of the point of consumption, may have its manufacturing facilities and even raw materials in China, India, Vietnam, or Malaysia and serves its customers by delivery of goods or the finished products throughout the world with its own distribution centers that carry equipment and supplies as inbound logistics as well as outbound logistics.
From the viewpoint of business, to meet customer demand, globalization fosters the global integration of trade, investment, information technology and free flow of goods, logistics and supply, production planning, products and services globally through production logistics. In the last decades, a number of countries have changed their traditional economic policies and redesigned their policies to open market domestically and internationally to take advantage from globalization and integrated supply chain management in English language, which ultimately helps them to boost the development and investment. Being the point of origin, China, India, Vietnam, Brazil and other developing economies were able to take the opportunities from globalization and expedite their economic growth a lot, which ultimately helps global nations to improve their living standards through competitive advantage and GDP.
In his best-selling book, “The World is Flat”, Thomas Friedman, mentioned ten major forces and one of the forces is what he describes as “supply chaining”. In his viewpoint, supply chain is a method of collaborating among businesses to manage the storage of goods, the flow of goods, meet customers, information, final product, and cash to deliver value for the consumer. Consumers remain as a focal point for a successful strategy of business corporation and the impact on the consumer is much more direct for supply chains management system because the consumer has placed increased demands at the retail level for an expanded variety of products and services as well as demand planning. Although globalization increased complexity for the supply chain to fulfill customer demand that requires materials handling, the supply chain work term has to be performing very efficiently to enable the retailer and other organizations to satisfy the consumers and reap profit from the extended global market.
Globalization has created both opportunities and threats for companies, especially small and medium companies are dealing with more threats compared to big corporations in this era of globalization. New economic environment also creates more customer and new markets and sever competition as well. However, the big companies are having more advantage in competing and making profit due in minimizing cost to their ability to apply economics of scale in supply and logistics management due to a wide ranging customer demand. Therefore, effective supply chain courses are getting much popular now, as well as short term courses in logistics and supply chain management. Learn real-time about reverse logistics as well. The more collaboration than competition is needed in managing supply and demand of goods and services, which will also makes it possible for companies to be more profitably and sustainable in the global trade.
Our 36-week Diploma Program in Supply Chain and Logistics Management prepares students with the necessary knowledge and skills to facilitate the business operation concerning supply chain management and logistics at different business and non-profit settings for supply chain professionals. As a future of supply chain management professional, a student will be involved in experiential learning in project management, resource planning, inventory management, operations management and customer service with a developed analytical skill. Post graduation of the certificate program, career options in this field are extensive and a successful completion will secure a high in demand full-time or even part-time role that may open work experience in supply chain management (SCM) further. Later as you progress in career you will also be able to obtain the supply chain management certification Canada or any supply chain certification Canada, say, from supply chain management Mississauga.
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