Is It Worth Studying Supply Chain Management?

Supply chain management encompasses the process of sourcing raw materials to create a product or service and deliver that to its potential customers. It offers many job roles that revolve around the process of manufacturing, storing, and delivering the final product to its consumer while planning and managing the expenses. Read on to know more about the opportunities within this domain.

Benefits of a career in supply chain management:

High employment opportunities:A supply chain management degree comes with plenty of employment opportunities within diverse subject areas. 

International travel: Supply chain management jobs necessitate frequent international travel packages, focusing more on work than sightseeing into the field of international business.

Development of transferrable skills: Professionals in this domain use their skills to explore other related fields. Forecasting, general management, workflow optimization, and financial planning are some of the skills that are required in almost all industries. 

Abundant internship opportunities: Plenty of entry-level employments are available in supply chain management industries through internship opportunities. Numerous paid internship programs offer jobs to successful interns upon the completion of the program.

Career options with supply chain management:

• Supply Chain Planner: It’s a management role to develop strategies for advanced improvement and to analyze the overall supply chain performance. They monitor the inventories to track the performance of current supply methods and find ways to improve that process.
• Procurement manager: In this job role you have to make good and competitive deals while procuring goods for your organization. If you have excellent negotiation and communication skills, you can start your career as an assistant while working your way up by gaining experience.
• Demand Planner: Demand planners estimate and forecast the future demand for a company’s requirements in the form of raw material and finished products while conveniently avoiding over-supply.
• Distribution center supervisor: The experts in this job role supervise the process in distribution centers. Distribution center supervisors are responsible for minimizing the losses by generating revenues and ensuring the timely deliveries of goods to their respective customers. 
• Production Planner: Production planners collaborate with demand planners for manufacturing and production processes within a company to ensure the ideal level of manufacturing output. 
• Demand planning analyst: The experts in this domain manage stock levels, billing processes, and analyze the inventory to avoid negative consequences. 
• Capacity Planner: Capacity managers have to supervise all the elements of a manufacturing unit rather than a particular process alone. They optimize the manufacturing capacity through resource procurement in collaboration with supply chain partners.
• Supply Chain Solution Design Analyst: The professional in this job role design solutions for improving the current performance rate and analyze a company’s supply chain management.
• Supply chain Finance Management: Supply chain Finance Management are most sought in multinational companies. They require specialized teams to control supply chain expenses.
• Supply Chain IT: Supply chain IT teams provide dedicated services to manage technical obstacles hampering the process of the supply chain or logistics function.

As most of the industries involve various aspects of project management, pursuing a degree in this domain can help you secure a job in any of these related sectors. If you are considering a career in supply chain management, then you should prefer to choose supply chain management courses to explore this subject area.