Supply chain management manages the flow of goods, and information and services, to deliver maximum value to the consumer, while minimizing the costs of the flow. Operations management is responsible for supplying the product or service of the organization and managing the conversion or transformation process that converts inputs into outputs. The OSCM area at NITIE focuses on process excellence from both intra-organizational and inter-organizational points of view.
Supply chain management impacts on all the steps involved in bringing a product to the marketplace. It is not simply concerned with the actual production of a product; rather it involves the collaboration and coordination of different organizations and departments. Primarily, it allows a business organization to manage the flow of raw materials, information and money between their business, suppliers and buyers. Supply chain management is important because of the competitive nature of business. There is increased competition from foreign business and the supply of finance and information is easier than ever with modern technology.
"The supply chain can be used as a core competitive asset" and can provide the business with numerous advantages over any competitors that fail to place enough emphasis on the management of their supply chain. A small improvement in efficiency at one end of the supply chain could lead to a significant saving for a department further down the line.
OSCM area at NITIE provides a comprehensive curriculum of planning and managing an organization’s resources and processes that create products or services.