Just like how the finance department allocates a budget for projects, the department of supply chain management (SCM) manages the flow of goods and services. They handle the storage of raw materials in the organization, the internal processes that convert raw materials into finished products and their transportation from the point of origin to the point of consumption. The end goal of supply chain management is to synchronize supply with demand by leveraging operational logistics. Therefore, supply chain management is one of the cornerstones for a company’s success.
For a department that is extremely important for companies, you can experience a lucrative career in it. Even if organizations outsource their SCM operations, it only creates more jobs and improves the scope of this field. To pursue your career in SCM, you will need an MBA in Supply Chain Management from any one of the MBA colleges in Pune.
Here are answers to common questions you might have.
1. What is an MBA in Supply Chain Management?
MBA in Supply Chain Management is a two-year postgraduate course that gives you a strategic understanding of SCM processes such as logistics, project management and supply chain life cycle management. The course will also equip with core business administration skills such as communication, organizational ability, time management and problem-solving.
Some of the subjects you will learn in this course are -
●Principles of Management and Organizational Behavior
●Logistic Management
●Quality Management and Quality Techniques
●Retail Marketing and CRM
●Logistic and Supply Chain Management
●Quantitative Techniques for Management
●Research Methods for Management
●Operations Management
●Strategic Management
2. Why should you pursue this course?
According to this study, the investments from domestic and foreign companies in India’s supply chain sector has seen an influx of capital in the last three years. An example of that would be future supply solutions, who raised almost Rs.130 billion. This proves that the SCM industry is thriving and on the rise. Therefore, you will find a wealth of opportunities that only on pay well but also expedite career growth.
3. What are the career prospects?
After completing your MBA in Supply Chain Management, you can land one of the following well-paid job profiles -
● Procurement Analyst
● Business Analyst
● Logistics Manager
● Purchasing Manager
● Distribution Manager
● Operations Research Analyst
● Supply Chain Manager
● Director of Operations
● Senior Consultant
● Project Manager
● Warehouse Operations
● Procurement Manager
As a fresher, your starting salary will range between Rs 6 lacs per annum and Rs 9 lacs per annum. With more experience, your salary will grow exponentially.
There you go, you have all the information you need about MBA in Supply Chain Management. If you feel this course is perfect for you, pursue it from one of the best MBA colleges in Pune. Their world-class faculty and active placement cell will give you a headstart over other students.
Just like how the finance department allocates a budget for projects, the department of supply chain management (SCM) manages the flow of goods and services. They handle the storage of raw materials in the organization, the internal processes that convert raw materials into finished products and their transportation from the point of origin to the point of consumption. The end goal of supply chain management is to synchronize supply with demand by leveraging operational logistics. Therefore, supply chain management is one of the cornerstones for a company’s success.