A career in Supply Chain Management

Are you looking forward to managing big budgets, handling complex transactions, and negotiating with multiple suppliers? Then, take the calling from the field of supply-chain management as a career option. In this era when our world has become a global village, we can get anything from any corner of the world, thanks to the concept of supply-chain management which essentially involves managing logistics with a multiple-level system for distribution.

Supply–chain management comprises designing, planning, implementation, control, and monitoring of all activities in a supply chain including the origin of goods till their consumption. The aim of this field is to create a net value, build a competitive infrastructure, manage supply versus demand and evaluate performance at a global level.

Supply-chain management comprises many components like planning and control, working and organization structure, information structure, product facility structure, leadership and power structure, management methods and risk and reward structure, and so on.

A supply-chain management professional focuses on configuring distribution networks; information, cash flows, inventory management, and distribution strategy. In the present age of globalization, manufacturing firms should necessarily have an effective supply-chain system to reach their commodities to global customers in good time.

With the demand for supply-chain managers on the rise due to globalization, many technical and management institutes in India are offering courses closely related to this branch of management at diploma and post-graduate levels. In order to qualify for a course in this field, students should have graduated with a degree in finance or retail management; or should have completed a Bachelor of Engineering, Bachelor of Business Administration, or Bachelor of Technology in any branch from a deemed university.

Some renowned universities and institutes offering courses in supply-chain management in India are:

• Indian Institute of Material Management, Navi Mumbai.
• Centre for Supply Chain Management, Gurgaon.
• Indian Institute of Material Management, Hyderabad.
• Indian Institute of Management.
• Supply Chain Management Institute, Mumbai.
• CII Institute of Logistics, Chennai.
• National Institute of Retail Management, Bangalore.
• University of Petroleum and Energy Studies, Dehradun.

On completion of a course in supply-chain management, students can pursue their careers in this challenging profession as supply planners, purchase executives, supply managers, commodity buyers, procurement officers, inventory managers, implementation managers, material managers, head of procurement, and head of supply and so on. They can get hired by small-sized firms or even big-banner organizations depending on their skills, enthusiasm to work, qualifications, and experience.

Beginners in this field can expect to start with a salary of 10,000 to 15,000 rupees per month. On gaining two/ three eyras of experience, they can earn between 18,000 to 22,000 rupees per month. Executives working in higher levels of management can earn anywhere between eight lakh to twelve lakh rupees per year.

This career can be demanding and hectic, very similar to marketing or sales wherein professionals need to catch up with month-end pressures and need to constantly evolve new tactics and negotiating skills to deal with vendors. But the advantage of entering into this field is good chances of growth due to constant demand for supply-chain managers which is not volatile. After gaining bags of experience, one can even branch out into consultation.

MBA in Supply Chain Management Advantages

MBA Supply Chain Management can assist you to find out to manage the method of producing units and client dealing.

• It will give you to find out exhaustive concerning the functions of Supply chain Management.
• It helps to grasp the national and international markets.
• It is a dynamic business and it's across the planet today.
• Candidates is a vicinity from product producing to product delivery.

Job opportunities for MBA in Supply chain management are going to be supply chain manager, supply arranger, business manager, business manager, etc.

MBA in Supply Chain Management Future Scope

Future scope aims to draw in innovators and innovation seekers. master's degree provides a decent career begin and results in a large scope for career development and skills.

Some of the simplest jobs when master's degree in Supply Chain Management squares measure university professors, they will add the sphere of banking, etc.

They can pursue alternative degree programs

They can work as Associate in Nursing analysts, project managers, Supply chain managers to realize on-field expertise.

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MBA in Supply Chain Management Job Scope