As we know, Supply Chain Management, Its Components and Advantages“>supply chain management of three kinds of flows and its management (SCM) integrates topics from manufacturing operations, purchasing, transportation and physical distribution into a unified program. The supply chain management programs generally offer integration among these critical, value-adding components to enhance global competitiveness.
You can manage your company in a pandemic-like circumstance or achieve and maintain a competitive advantage by taking a supply chain management course.
Studying supply chain management also provides a thorough understanding of how a business runs, including the procedure that is kept confidential by firms themselves, which aids in obtaining the results you need.
According to a research study, it was found that the global supply chain management market is expected to grow 11.2% from 2020 to 2027. Some surveys even suggest that employment of logisticians and supply chain management professionals is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations.
Supply Chain Management programs are exciting and there are multiple courses that you can start with and take within a short period. Some fascinating benefits of studying Logistics and Supply Chain Management are mentioned below:
Benefits of pursuing a career in Supply Chain Management
- There is a large set of entry-level profiles and entry-level positions can quickly become senior positions in the supply chain industry due to the enormous demand for qualified, diligent professionals.
- Supply chain management programs are industry agnostics and are applicable in both manufacturing and service sector organizations is the field’s application in a variety of sectors and positions.
- Supply chain professionals make decisions backed up by technologies such as ERP, the internet of things, big data analytics and artificial intelligence.
- Recent research and statistics have proven that the salary offered to supply chain management professionals in several countries is quite high.
- A career in the supply chain is not boring and provides an opportunity to travel and explore the world. If you are not the traveler type and would like to settle in one place only, you even have opportunities in it too.
The lifestyle, the opportunities for continuous growth, and the satisfaction a career in supply chain management offers in all the job profiles feel rewarding in themselves.
Studying supply chain management opens plenty of career opportunities. Some of the exciting job roles for people with a degree in supply chain management are:
- Purchase/Sourcing manager
- Operations Manager
- Product/Service Manager
- Logistics, Transportation, or Distribution Manager
- Warehouse Manager
- Materials Manager
- Manufacturing Manager
- Supplier Relationship Manager
- Supply Chain Analyst
- Inventory Analyst/Manager
- Quality control manager
- Import-export Manager
- Export packaging professional
Now let us look at some of the responsibilities handled by Supply Chain management professionals
- Working as procurement managers and buyers to source the right products and negotiating contracts with suppliers and customers
- Manage and Control manufacturing, operations and delivery processes
- Plan and implement logistical strategy, ensuring targets are met
- Administer product storage, handling and distribution
- Use technologies top plan and track goods from origin to destination
- Forecasts demand and optimize inventories, keeping an accurate record of the process and analyzing performance
- Have an overarching view to ensure what is happening throughout the supply chain
- Manage and motivate a team of supply chain staff for supply chain performance improvement and look for any possible innovations to the process
- Develop new and existing relationships with suppliers
- Manage and minimize the risks (for example operational or reputational) that could affect or interrupt the supply chain
- Consider the environmental impact of the supply chain to meet sustainability targets
- Implement new technologies and practices to bring visibility to the overall supply chain.
Unavoidable issues are part of the management of supply chains and logistics. The list of potential problems is endless, from getting a consignment through customs and aboard a ship to verifying that an electronics supplier is authorized to produce a subcomponent correctly.
Supply Chain is a vital process for every industry – for selling products, transporting raw materials, documents, packages of all shapes and sizes, etc. As exciting as it may sound, a job in logistics is highly sought after and offers a wide range of opportunities, from specialized to more general employment. The logistics industry is gaining from the increased demand for swift product delivery as both big and small enterprises make this promise. This is wonderful news for people looking to work in the sector because it allows you to focus your job search on the fields that most interest you. Start by selecting the appropriate course, and then proceed directly to the area of study you choose. You can achieve great success in this sector if you can think clearly and have the will to learn new skills.