Is choosing a career in “logistics and supply chain management” worth it? If you are perplexed by this, then this is basic! In today’s era, comprehending its imperativeness would be daunting unless you realise the impact of this industry on contemporary lives. The sole aim of the logistics sector is to ensure that goods are always accessible to consumers whenever they need them.
But the question remained unanswered if it makes sense to kick-start or enrol for MBA in Logistics and Supply Chain Management!
You must be thinking- “Why an MBA in Logistics and Supply Chain Management”, right?
MBA Logistics and Supply Chain Management specialisation precisely explains the role of logistics and supply chain management in the business environment globally, along with the national and international logistic system, as it deals with sourcing, operations management, material management and plenty of other things, including warehousing and distribution or last-mile delivery operations.
If you are all set to pursue a career in Logistics and Supply Chain Management, check out the eligibility criteria before moving to the Supply Chain Management MBA syllabus.
To be eligible for MBA in Logistics & Supply Chain Management-
- An aspirant must be a graduate.
- Candidates should have scored at least 45% marks in Bachelor’s degree.
- There should be no backlog in any subject.
MBA Syllabus for Logistics and Supply Chain Management
A 2-year program, MBA in Logistics and Supply Chain Management, contains four semesters. The MBA syllabus for Logistics and Supply Chain Management comprises eight subjects in the first year and 9 in the last year.
The Demand for MBA Logistics and Supply Chain Management Graduates
Coming to the demand for MBA Logistics and Supply Chain Management professionals, it is currently all-time high! Hence, a career in Logistics and Supply Chain Management would be a better option if you wish to bag a high-paying, secure job in this competitive world.
According to the reports of the Bureau of Labor Statistics, there will be a boom in the career of Supply Chain Management by 28% in the coming ten years. FYI, MBA Logistics and Supply Chain Management opens numerous job opportunities for individuals after completing the degree.
There are vivid positions in manufacturing organisations where the logistics and supply chain management manages production, allocation and delivery, ensuring things run swiftly. Conversely, candidates with an MBA in Logistic and Supply Chain Management degree might kick-start a career as a buyer or procurement manager at renowned stores.
If you are all set to pursue a career in MBA in Logistics and Supply Chain Management, check out the eligibility criteria before moving to the syllabus.
Listed underneath are a couple of magnificent reasons to pursue a specialisation in Logistics and Supply Chain Management.
- Job growth
It is safe to state that even in a high recession, Logistics is robustly spreading its roots! Now, the field has gotten more promising, as it is projected to grow by 7% by the end of 2026, suggests statistics shared by BLS.
- High pay
Per the May 2021 data, the MAP (median annual pay) for a professional s was $77,030, or $37.03 per hour. The lowest 10% earned less than $45,160, compared to the highest 10% earned more than $122,390.
- Development of transferable skills
For more than decades, numerous Logisticians have kept working in the same field; however, others utilise the skills they have mastered to get absorbed into other fields. Changeable skills encouraged in logistics incorporate workflow optimization, general management, forecasting, analytics, and financial planning.
- International travel
Are you a traveller? Yes or no? In today’s era, several logistics jobs need frequent overseas travelling. However, these foreign trips are more focused on work than sightseeing. Also, they offer a wide range of opportunities, especially for those willing to get into international business.
- Local job availability
Not all supply chain management professionals like travelling on a frequent basis! Many prefer to stay in their nation. Needless to say, this is also plausible in logistics, which has a vast appeal across many other regions.
These were some of the many top reasons to pursue an MBA in Logistics and Supply Chain Management.
Wrapping up
Individuals pursue an MBA course to enhance their skills and knowledge and strengthen their professional opportunities. However, to extract the best outcomes, making the right decisions in selecting specialisations such as logistics and supply chain management, business analytics, executive, etc., is essential.
Most of the production units whether big or small require logistics managers to help with inventory management.
Hence, the requirement of professionals carrying degree in Logistics & Supply Chain Management is increasing in leaps and bounds.
In the last decade, the Indian Logistics & Transportation Sector has emerged as a booming field.
We are witnessing the rapid change in the field of technology around all over the world so that it is creating more and more technology-related job opportunities.Logistic Supply chain management covers a number of topics, catering to a wide spectrum of concepts and hence, this sector provides job opportunities at numerous managerial levels in manufacturing, supply chain management, retail, transportation, energy resources, and other companies.
Various institutes including UPES CCE offer MBA in Logistics Supply Chain Management program through distance mode.
The professionals in the logistics and supply chain management field responsible for the streamlined warehousing and transportation of the goods, majorly.MBA in Logistics Supply Chain Management Program The MBA in Logistics Supply Chain Management program is also offered in distance mode by the institute.
In the modern-day world, technology has become an essential part of our lives and influences our choices, behavior, actions, and decisions.
The supply chain network is a fundamental part of eCommerce, it centers around obtaining raw material, assembling, and delivery of the goods on time.
It incorporates overseeing and controlling: Product manufacturing Order processing Inventory management Storage and warehousing transportation Importance of Supply Chain in eCommerce business: The E-commerce field has become highly competitive over the past few years.
Due to lockdowns worldwide and health risks, many people prefer to do online shopping then go to physical stores.
Modern customers demand transparency and order tracking and for that retailers are already using digital unboxing as an important piece of their packaging process.
An eCommerce business supply chain management reduces the number of phases and this way saves cost.
