Dr. Rakesh Singh
Chairman, Governing Council
In a highly competitive era, it is said that firms compete on the basis of their supply chain capability. Supply chain management today includes three different elements. It’s a chain starting with Suppliers relationship management moving internally to organizations internal supply chain management and finally moving to Customers relationship management. The three critical factors that have shaped the supply chains of today are the evolution of information technology providing many to many interface, globalization of the world markets making world more flat and flatter and awakening of the new global consumer demanding more and more. In such a scenario user organizations needs to make their supply chains not only lean and efficient but also intimate. Despite a huge advances in information technology we have not been able to make our supply chain seamless. Understanding why firms fail to optimize their supply chain requires understanding models, management and performance related issues.
This is compounded by huge inefficiencies in our supply chain and logistics. The Supply chain and Logistics segment of our economy is set to touch INR 7500 Billion by 2012. A large part of that will be wasted due to the inefficiencies in the system. Look at it from another angle. Logistics cost is 13% of our GDP. For the USA it is 8% - even a 1% reduction, and we stand to save substantially. To some extent, these inefficiencies can be traced back to lack of trained, skilled manpower. The people employed in our supply chain and logistics divisions do not have the advantage of a structured training process to inculcate the theory and the practice of managing complex supply chain operations.
To address this issue, we set up the Institute of Supply Chain Management at Mumbai. Our aim is to offer best in class skills improvement program for those working in the supply chain and logistics industry. We also provide research and consultancy support to Indian Corporates.
We are committed to bring in the sound practices from across the globe to India. To fulfill this commitment we are actively collaborating with the leading supply chain institutes across the globe. Our courses will reflect these global best practices.
I on behalf of the team at ISCM invite you to come and experience the learning’s at Institute of Supply Chain Management. It is my sincere wish that you are as successful as our previous batch and help create a vibrant supply chain management culture in your organizations.