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Guide to Logistics and Supply Chain Management In the field of logistics and supply chain management, there is a recognized need to transform its business models to enable businesses to accommodate and take advantage of today’s shifting consumer demands, our rapid technological developments and discoveries, and the increasing competition from local and unto a global market place. 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. If supply chain management is described to mean having the right product, the right quality and quantity at the right time and place as a result of the best measure, then manufacturers, procurers, suppliers, warehouse distributors, transportation and retailers must integrate spontaneous linkages so as not to disrupt or delay its continuity. In logistics parlance, delay means cost and returns means greater cost. Taking this definition on the stakes that are involved while managing supply chain, managers are constantly confronted with the rapidly shifting cost of operation. It is important then for managers to be able to update themselves on customer demands, global issues like geographic distances, cultural barriers, transportation systems, and government regulations of other countries, including information and collaboration with external partners.
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The other issues that supply chains face are external issues of attractive and retaining talents. There are over a million new jobs that need to be filled in the supply chain industry up to 2018. These figures came from studies done by a logistics 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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Many people are unaware of the breadth and depth of the employment opportunities within the supply chain field. Furthermore, supply chain talent are not restricted to any specific 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. The way companies publish job descriptions can be the start of closing the gap on the sensitive issues of attracting and retaining talents in the industry. Because of this, those who are recruiting for supply chain jobs are looking at candidates in a very narrow way. This persistent disconnection is contributing to tales of various misgiving while highly potential candidates are sitting on the sideline. Supply chain leadership talent takes years to develop because it is a kind of profession that is made up of many functional areas and discipline. To take someone on the onset that is already well-rounded in an end-to-end experience can’t likely be found.