Why You Should Consider A Career In Logistics And Supply Chain Management

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Why You Should Consider A Career In Logistics And Supply Chain Management

Supply chain management is the handling of the entire flow of a good or service, starting from the raw components to delivering the final product to the consumer. It is an interdependent cycle of processes or networks that move the product from the suppliers of materials to the consumer. Any problems or delays in the process would lead to a cascading effect, ultimately leading to untimely or failed deliveries and disgruntled customers. Supply chain management (SCM) is the backbone of any country and for a successful and efficient SCM many factors like proper infrastructure, policies, taxation, and many more come into the picture.

The Global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027. However, companies are facing a shortage of proficient and experienced professionals to oversee the supply chain’s smooth operation. Therefore, the role of SCM is gaining popularity all over the globe, with high remuneration and fast career growth. Organisations have also realised that the smooth functioning of the supply chain helps maximise customer value and achieve a sustainable competitive advantage in the market.

The growing logistics and supply chain industry in India

Globalisation, digitalisation, and the Covid-19 pandemic have revolutionised supply chain management and logistics to a great extent. Technological advancements have also changed how supply chain management is handled in organisations. Effective supply chain management helps supply chain managers to easily diagnose disruptions for seamless movement of goods. The changes have been good, but the supply chain sector is facing a shortage of supply chain management professionals. With the manufacturing sector and e-commerce industry flourishing rapidly, there is an increasing demand for supply chain management professionals in the job market.

The increased use of technology and digitisation has enabled end-to-end visibility in the supply chain, thus providing a better ability to forecast disruptions and quick decision-making with the help of real-time insights. As various organisations adopt new-age technologies to streamline operations and process information in real time, there is a great demand for tech-savvy SCM professionals in the market. Smart shipping uses the Internet of Things (IoT), Artificial Intelligence (AI), data analytics, etc. that provide improved visibility, real-time status updates, and smart shipment tracking. Various logistics and supply chain management courses enable SCM professionals to gain knowledge about the latest cutting-edge technologies used in SCM.

With the Indian government promoting tech-enabled procurement, new drone rules have paved the way for faster, smoother, and carbon emission-free logistics. The promotion of electric vehicles and energy-efficient systems has helped to adopt sustainable supply chain management. Cloud technology is also being increasingly adopted by various Indian service providers, as it is easy to store a large amount of data that is required for real-time analysis and monitoring.

The Indian logistics and supply chain sector evolved from being a support sector to a high-impact sector, growing at 10.7 per cent CAGR. So, there is a growing demand for highly skilled managers, making it a lucrative career option.

Increasing opportunities for skilled professionals in the supply chain industry

Effectiveness in supply chain management enables organisations to protect their reputation and long-term sustainability. Logistics focuses on the movement and storage of items in the supply chain, whereas supply chain management (SCM) is more comprehensive, ensuring coordination between partners that have a role in the supply chain. This can include areas like sourcing, manufacturing, transporting, storing, selling, and many more.

Improved big data analytics, new-age technologies, the use of cloud and blockchain technology, and many other factors have increased the opportunities for skilled professionals in the supply chain industry. Procurement, logistics, and supply chain management are some of the fastest-growing fields globally. Thus, proper accreditation from institutes providing a certificate in logistics and supply chain management would empower professionals with added leverage in the job market.

Various key components form the overall supply chain and logistics process, including the following:

● Distribution

● Inventory control

● Logistics

● Materials management

● Packaging

● Procurement and purchasing

● Strategic sourcing

● Transportation

● Warehousing

There are several important supply chain job duties that will vary depending on the exact position. A few SCM job profiles that can be your career path are Purchase Manager, Strategic Planner, Materials Analyst, Supply Chain Manager, Warehouse Manager, and many more.

Logistics and supply chain management course to boost your employability

Logistics and supply chain management is critical for most businesses, and there are a lot of job opportunities for professionals who wish to pursue a career in the Logistics & Supply Chain Management sector. One of the courses that can boost your employability is the Post Graduate Programme in Logistics & Supply Chain Management (PGPLSCM), a Times Professional Learning (TPL) exclusive programme, that guarantees placement and lucrative salary in India’s 350+ leading companies.

A few highlights of the PGPLSCM course are as follows:

● A course designed using research, new business models, and trending technology by sector specialists, vertical veterans, and industry watchers

● In-depth coverage of all relevant Supply Chain topics

● The intensive curriculum delivered in just 4 months

● Blended learning with hands-on project experience

● Built-in industry certifications

● Career counselling and placement assistance

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FAQs
Is supply chain management an in-demand profession in India?

Supply chain management is changing to adapt to the current demands, and hence there is a great demand for skilled professionals. Procurement, Logistics, and Supply Chain Management are some of the fastest growing fields globally and now is an ideal time to pursue them. There is a growing demand for highly skilled managers, making it a lucrative career option.

2.Is a supply chain certification worth it?

A supply chain certification can add tremendous value to management professionals. Supply chains are designed to meet customer needs by connecting all production parts to provide a product in the most efficient way possible. With globalisation and advancements in technology, SCM is a great career to pursue. For this reason, Times Professional Learning (TPL) has launched an exclusive programme, Post Graduate Programme in Logistics & Supply Chain Management (PGPLSCM), that guarantees placement and lucrative salaries in India’s 350+ leading companies.

3.What are the different roles available in the supply chain industry?

There are many Supply Chain Management Careers available today. Some of them are as follows:

● Logistics

● Operations

● Inventory Management

● Warehouse Management

● Returns Management

● Sourcing

● Military Logistics

● Strategic Planning

To know more: https://earlycareer.timespro.com/blog/why-you-should-consider-a-career-in-logistics-and-supply-chain-management/

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5 Best Logistics and Supply Chain Career Options in 2022

Sana 2022-09-10

However, there is an acute shortage of trained supply chain experts to address the challenges in the logistics sector. With increasing investment directed to developing infrastructures like logistics parks, hubs, and other initiatives by the public and private sector, logistics and supply chain operations are transforming for the better. While India’s supply chain logistics are continuously improving, there are still a lot of hurdles faced that devalue its global logistics performance. 5 best career options for logistics and supply chain professionals in 2022There is a lot of scope for Supply Chain Management (SCM) in India due to the increasing complexity of supply networks, shorter product life cycles, shorter delivery timelines, and globalisation of business. A few highlights of PGPLSCM are as follows:● In-depth coverage of all relevant Supply Chain topics● The intensive curriculum delivered in just 4 months● Blended learning with hands-on project experience● Built-in industry certifications● Career counselling and placement assistanceTo know more: https://earlycareer.

Supply Chain Management Software For Small Business

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Supply chain sustainability putting efforts while making products for consumers by considering the environment and human effects and reduce environmental damage by using renewable raw materials and using energy properly. If you want to become more sustainable, or you don’t need to lose business in the future, you have to keep corporate sustainability program, which includes sustainable supply chain management software. It gives organization deeper visibility into their operations, and they could then find, enforce, and screen techniques to turn out to be extra sustainable.

A Glimpse Of The Logistics Sector In India

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The Supply Chain Management (SCM) and logistics sector of India has witnessed tremendous growth in recent times. Trends of the Logistic Sector in India Growth of the Logistic Sector in IndiaLogistics and Supply Chain Vision 2030Scope of Logistics and Supply Chain in IndiaHow PGPLSCM Offers Career AdvantageKey HighlightsGovernment of India’s Gati Shakti Masterplan for expressways will give a huge boost to logistics in India, with an influx of ₹100 crore. Here is a quick look at some of the key developments in this field:The logistics sector contributes 14. As per the Logistics Skill Council, the Indian logistics sector is valued at $150 billion. A Post Graduate Programme in Supply Chain Management could impart you with all the basic and advanced concepts of logistics and supply chain.

How Supply Chain Analytics Help Managers Predict Future Demands

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For effective supply chain management, businesses often create a network of suppliers who move the product along the supply chain. Changing tides of supply chain managementLike other aspects of business, the supply chain has also been impacted significantly by the rapidly changing business environment and evolving technology. Using supply chain analytics, managers can predict the future inventory and logistical requirements and accordingly make plans to manage the supply chain in the most cost-effective manner. With upskilling, supply chain professionals can ensure that they make use of the latest technologies as and when they are integrated into the supply chain. The learning outcomes that the course aims to achieve include the following:In-depth understanding of fundamental and advanced topics in supply chain managementThorough understanding of supply chain analyticsSolving real-world problemsExecutive Program in Supply Chain Management and Analytics by IIT DelhiLearn more about the IIT Delhi supply chain management certification, a programme of 6-month duration that would help you understand the vast world of supply chain management.

SUPPLY CHAIN MANAGEMENT SPECIALIZATIONS

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These comprehensive programs enable participants to gain a holistic understanding of how to optimize supply chain operations and develop effective strategies to enhance organizational efficiency. In today's highly competitive business landscape, effective supply chain management is crucial for organizations aiming to achieve a competitive advantage. With the continuous advancement of technology and the growing complexities of global markets, supply chain management has evolved significantly in recent years. Some popular specializations in supply chain management include: 1. Conclusion Supply chain management courses offer aspiring professionals the opportunity to specialize in various areas of supply chain management.

What are the advantages of hiring a supply chain consulting firm?

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A supply chain consulting firm is specialized in conducting proper research and analysis to develop strategies to deliver top-notch and customized services. There are several advantages of reaching out to a supply chain consulting firm. By accessing internal resources, these experts can gain comprehensive insights and develop swift resolutions to solve supply chain issues. In this scenario, businesses can recruit a supply chain consulting firm that will help them to train, create, and deliver timely resolutions. Companies can reach out to logistics management services to learn more.

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