The Importance of Supply Chain Management in BA (Hons) Business Management 24 months
Supply chain management is a crucial aspect of any business, and it plays a significant role in the success of a company. In the BA (Hons) Business Management 24 months program, students learn about the importance of supply chain management and how it can impact the overall performance of a business.
Let's take a look at some important statistics that highlight the importance of supply chain management in BA (Hons) Business Management:
| Statistic | Importance |
|---|---|
| 90% | of companies believe that supply chain management is essential to their success |
| $1.3 trillion | is the estimated value of the global supply chain management market by 2023 |
| 65% | of companies have reported an increase in supply chain costs over the past year |
| $4.1 million | is the average cost of a supply chain disruption for a company |
As you can see from the statistics above, supply chain management is a critical component of business management. By understanding the importance of supply chain management, students in the BA (Hons) Business Management 24 months program can develop the skills and knowledge needed to effectively manage supply chains and contribute to the success of their future employers.
Overall, supply chain management is a vital aspect of business management, and it is essential for students to learn about its importance in order to succeed in the competitive business world.
