Supply Chain Management

Supply Chain Management seems to be very lucrative course which has a big potential with emergence of E-Commerce sector in India and companies looking to hire SCM professionals as they are the ones who will drive the business in future.

To meet the customer demand of a product or service there is a chain of processes involved right from the producer end like say, Sourcing / Procurement, Distribution, Warehouse, inventories etc. and managing those processes efficiently and effectively can be called Supply Chain Management.

Workers in the logistics and supply chain management field make sure that goods and services get into the hands of consumers. The logistics industry is an important driver of economic growth and development.

All types of businesses, big and small, need logistics managers to help with inventory and accounts receivable. A small business may have one person in charge of these duties, while large corporations have entire logistics and supply chain departments.

The supply chain manager tries to minimize shortages and keep costs down. The job is not only about logistics and purchasing inventory.Improvements in productivity and efficiency go straight to the bottom line of a company and have a real and lasting impact. Good supply chain management keeps companies out of the headlines and away from expensive recalls and lawsuits.

Job prospects

Most people begin down a career path in this field by starting in an entry-level position and working their way up to jobs with more responsibilities and a higher salary. Manufacturing is by far the largest industry employing logisticians, with over 40% of logisticians working in some field of manufacturing. There are many different job titles in the logistics industry.

With globalization making even the furthest reaches of the globe more and more connected, now is a great time to be looking into the field of logistics. Jobs in the field of logistics and supply chain management include logistics manager, integrated programs director, supply chain director, inventory manager, supply chain planning manager, and other specified careers.

Eligibility

Supply chain managers require skills in project management, cost accounting, e-business/e-procurement systems. They should also have global awareness, good business ethics, and an understanding of legal contracts. Since supply chain management can involve working across silos and in many different cultures, soft skills like communication, effective presentation, and multicultural understanding area also important. The acquisition of these skills comes from both formal education and on-the-job training.

Degrees in economics, business administration, statistics, manufacturing, and management are common. Some colleges and universities also offer specialized degrees in supply chain management.

Programs often offer internship opportunities, which is a great way to get first-hand experience in the field. You can find programs that just cover logistics and supply chain management, or you can earn a degree in business with a concentration in logistics and supply chain management. Both are beneficial to students interested in working in this field.

Salary

An Entry-Level Supply Chain Manager earns an average salary of Rs 362,519 per year. The highest paying skills associated with this job are Supply Chain, Inventory Management, Purchasing, and Logistics.

Top supply chain managers have joined the C-level of most companies and earned a place at the table with the chief executive officer, chief operations officer, and chief financial officer. Corporations are now very aware of the impact that supply chain management can have on the operations and economics of a company.

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