The Supply Chain Wheel
Starting in Supply Chain? Here’s a good place to start.
It’s an exciting and dynamic industry with a lot to learn.
Here’s a piece of advice that I think will set you on the right path.
Understand the Supply Chain Wheel.
The image below breaks down the essential roles and relationships in the supply chain:
• Suppliers:
They provide raw materials.
• Manufacturers:
They produce the finished goods.
• Distributors:
They get products to retailers or customers.
• Inventory Management:
They keep track of stock levels.
• Logistics:
They handle transportation and warehousing.
• Procurement:
They manage purchasing of raw materials.
• Quality Control:
They ensure products meet standards.
• Retailers:
They sell products to end consumers.
• Customers:
They purchase and use the products.
Each part is crucial.
Understand how they interconnect.
Here are a few tips to get you started:
1. Learn the Basics: Familiarize yourself with the roles and responsibilities of each component.
2. Network:
Connect with professionals in each sector to understand their challenges and insights.
3. Stay Updated:
The industry is always evolving. Keep learning and stay informed about new trends and technologies.
4. Be Detail-Oriented:
Small errors can lead to big problems. Pay attention to details.
Starting out can be overwhelming, but remember, every expert was once a beginner. Embrace the journey and enjoy the learning process.