| |9 OCTOBER , 2024HIGHERReviewthe job of supply chain managers has become more vital & complex.Easy to find mid/senior management roles in logisticsIn order to sustain and enhance their competitive advantage, businesses today have started to rely highly on & work with downstream as well as upstream channel partners in the value chain. This offers products & services that satisfy the preferences & requirements of clients. Hence, whether you dream of becoming an entrepreneur or you work in any organization, you should get to know about how a supply chain functions. An MBA in SCM program is for entrepreneurs as well as professionals who are looking forward to mid/senior management roles in logistics, shipping, e-commerce, warehousing, manufacturing, aviation, and other related sectors both within our country & globally as well.Some of the top colleges offering an MBA in Supply Chain Management include Indiana University of Pennsylvania, IIM-Udaipur and Amity University which offers an MBA in Logistics & Supply Chain Management. The University of Melbourne, Australia offers a Master of Supply Chain Management course which can be completed in 18 months (full-time) or in 3 years (part-time).Although companies such as Amazon, SafeExpress or FedEx account for a large percentage of the SCM industry, today any company that aims to streamline its processes as well as increase efficiency wants supply chain professionals in its teams. The Logistics industry is predicted to reach USD 350 billion by 2025, according to the Indian Logistics Outlook 2020. Firstly, the supply chain management industry is in high demand and one of the reasons for this is the boom of the global economy. As it continues to boom the need for effective supply chain management also increases. Furthermore, professionals with an MBA in SCM hold the required knowledge as well as skills for identifying & implementing solutions which can lead to saving companies millions of rupees.Secondly, an MBA in SCM renders a strong foundation in business and this broad-based education facilitates graduates in obtaining a comprehensive understanding of business operations, which is valuable for candidates looking to advance their careers in this industry.Bharathidasan University has introduced MBA programmes on logistics and supply chain management; and International Business. Vice Chancellor M. Selvam told the Hindu that, "There had been good demand for professionals in logistics and supply chain management due to rapid growth in industries and commerce." "In addition to Indian countries, a number of multinational companies have forayed into various fields. The MBA in logistics and supply chain management would provide professionals to the needy companies," he added.Provides a wide range of career opportunities Thirdly, an MBA in SCM provides a wide range of career opportunities. While graduates can work in numerous roles in several industries such as logistics, procurement, production planning and inventory management, they can also work in other sectors such as retail, pharma, manufacturing, oil & gas, & healthcare sectors. A Supply Chain Management degree will help candidates obtain several job positions working as a Project Manager, Demand Planner and Procurement Analyst, Transportation Director, Material Manager, and Industry Analyst.Higher EarningsLastly, the most noteworthy aspect is an MBA in SCM can lead to higher earnings. The average salary for an MBA in SCM is around INR 10-12 LPA as per a study conducted by PayScale and this is significantly higher when compared to the median salary for all MBA graduates, which is around INR 8-9 LPA.
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