Entrepreneurship’s transition compared to the latter days is rapid as business becomes more complex. Everything is quantified financially and every step that has to be undertaken is critical.
At present, for every successful enterprise lays the presence of an effective Supply Manager, even relatively small company of 30 employees need to hire a Supply manager.
What is really a supply manager and what is its significance to a company or an organization? What are their key functions? A lot of questions keep bugging us out of why is there a need to have this kind of people.
First, these people are the ones who are responsible for manning the procurement of raw materials with its goal of buying it on a superior quality within a reasonable price and this only is the first process that is undertaken. Detailed process must be considered since Business returns depend on the first step of the business which is the purchasing of materials, although every operation involves funds, along the way, and this must be considered by a Supply manager. One false move a supply manager results in a chain reaction all throughout every division of the company. That’s why they play the most sensitive role in the overall management of the operation.
Since every process involves money, hiring an effective supply manager compliments to a good return of investment. In addition, knowledge and skills in areas such as finance, ethics about procurements of supplies and distribution of end products are very important.
As the title states, hiring a supply manager is essential in view of the fact that a Supply manager knows the mode of business and the cost of revenues involved in every aspect of the business. Cost such as operating expenses, operating income and loss must be scrutinized first and last by a Supply Manager.
Normally a supply manager work near the areas of raw material division production and distribution offices. As this 3 division must be closely monitored by a Supply manager.
The core of a Supply manager’s role boils down to manipulating a good gross margin ratio, which means that sales must be higher than the cost of expenses incurred during the operation.
Another role of a Supply Manager is that of a researcher, he must know the ins and outs and where the other sources of raw materials, he must continuously research on product development . He must know how inventory must be done, so that means a Supply Manager must be good at numbers too. Also, this person must know how to approach setbacks, problems or simply knows how to solve problems through a strategic approach and formulate answers to any untoward crisis in the business.
The knowledge of how to grow a company must be the main priority of a Supply Manager and one way to achieve it is to be more decisive and determine on the task given to him. He must be a profit-driven man without jeopardizing the quality of the product.
These are just some tips that you may learn when you attend the CPSM Certification Training Boot Camp of Supply Leaders’ Academy. The said Supply Management Training Boot Camp is designed to equip you with skills and strategies that will help you pass the CPSM Exam of the ISM.
The CPSM Exam is composed of three examinations which would usually take approximately 3 to 6 months to pass, but for those who joined the CPSM Certification Training Boot Camp would PASS ALL THREE EXAMS WITHIN ONE MONTH!
How is this possible? Dr. Randall Mauldin, USMC(ret), CPSM, PMP has designed a strategy that will help you pass the CPSM Exam. Dr. Mauldin has been creating supply chains, managing procurement, and facilitating logistics to create extraordinary value through cost savings and continuous improvement for over 20 years.
From his 20 years experience in the United States Marine Corps managing all aspects of the supply chain, from procurement to logistics to customer service, Dr. Mauldin understands the value of supply chain management as a strategic part of business operations and how well you spend your money will determine your success or failure.
CPSM Certification Training Boot Camp focuses on helping procurement professionals achieve the highest standard in the purchasing career field. Supply chain management is a strategic part of business operations and our training courses develop Supply Leaders who understand all aspects of supply chain management and possess the leadership skills required to implement strategic solutions with military precision and a “failure is not an option” attitude. For more information visit CPSM TRAINING or call 877-680-0494 or firstname.lastname@example.org