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Guide to Logistics and Supply Chain Management The field of logistics and supply chain management recognizes the need to transform its business models to enable them to accommodate and take advantage of today’s shifting consumer demands, rapid technological developments and discoveries, and the increasing competition from the local and global marketplaces. The internet has made a lot of change in the way business is done and so today there is a change in the way inventory is managed, the way orders are placed with suppliers and the way critical information is being communicated. In a supply chain management you have products of the right quality and quantity delivered at the right time and place because of the best measures, and if this is the case then manufacturers, procurers, suppliers, warehouse distributors, transportation and retailers should integrate spontaneous linkages so that the continuity is not disrupted or delayed. When it comes to logistic, it is costly to have delays, and more costly if products are returned. While managing supply chain, there are stakes that are involved and this is why managers are constantly confronted with the rapidly shifting cost of operation. They are also constantly imbued to have an up-to-date visibility like forecasting customer demands, global issues like geographic distances, cultural barrier, transportation systems and government regulations of another country, including information and collaboration with external partners.
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Issues of attracting and retaining talents are also faced by supply chain industries. The supply chain industry will need to fill about a little over a million new jobs between 2014 and 2018. This is according to studies by a logistic trade group. To think that these numbers of available positions is likely to inflate in the coming years as the baby boomer generation reaches retirement age and the need for workers with experience continues to rise.
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The employment opportunities within the supply chain field are deep and wide which many people are not aware of. Additionally, talent for supply chain jobs have no restrictions whether to company, industry or geographical location. The sad part is that major players in the supply chain of tomorrow may not even currently be working in the profession, or in case they do, they may not realize that there is a career transition which is possible – to make them reach management levels. Closing the gap between attracting and retaining talents in the industry has to start on how companies publish their job descriptions. When candidates apply for the job, recruiters for the supply chain look at candidates narrowly as a result of this. There is a disconnection which contributes to many misgiving and missing out on the highly potential candidates. If supply chain leadership talent is to develop, you need years since this is a professional made up of many functional areas and disciplines. Finding someone who, at the onset, it already well rounded in an end to end experience is unlikely.