A supply chain manager or professional oversees the production flow of materials in a company, from purchasing raw materials to distributing the final product from its inventory. He is responsible for coordinating, organising, and supervising the activities that happen during the duration of the entire flow. The supply chain manager faces many challenges, requiring competent employees to master the necessary professional skill set. With the advent of AI, ML, and IoT, technology has rapidly advanced. Thus, the new era demands that supply professionals keep developing their technical skills.  Hence, here are seven core technical competencies that supply chain professionals should master and continually upskill:- Global Business Orientation The global demand and supply chain have tremendously expanded for both retailers and manufacturers in recent years. It gives rise to various opportunities for global sourcing. Thus, the supply chain manager should be competent enough to operate in the fast-pacing international business environment. …

What Is Sourcing in the Supply Chain? The process of evaluating, choosing, and managing suppliers who can offer the inputs required for a company to operate on a daily basis is known as Sourcing. During the process of sourcing an organisation has to take care of conducting research, developing and implementing a plan, defining quality and quantity indicators, and selecting suppliers who satisfy these requirements. Sourcing fits into Supply Chain Management like hands in a glove. The process of sourcing keeps the organization’s supply chain in good shape and ensures that it always has access to the resources it needs to accomplish its goals. Benefits Of Sourcing in Supply Chain Maintaining well-established sourcing patterns in supply chain management can help both supplier and client in various ways. Let’s check them out! 1. Stability While sourcing the supplier of the goods or raw materials, a connection is established. As suppliers and…