SUPPLY CHAIN MANAGEMENT IN DIGITAL AGE

Due to emerging competition in the dynamic market of globalized economies across the world, there is a paradigm shift in the domain of operations and logistics. This has resulted in a major attraction among the organizations and the students towards the realm of supply chain management. Due to rising demand, the domain of supply chain management remains one of the most promising career paths. Even in the future, the scope in the supply chain remains immense. To effectively and efficiently manage the operations, the realm of the supply chain has become critically important not only for the growth but also for the survival of any business, thereby attracting a lot many individuals to gain proficiency in the field. 

What is Supply Chain Management?

SCM “Supply Chain Management” is an information-based process that integrates the various activities from the raw materials supply to manufacturing and finally to the supply of finished products and services to the end customer. It is an approach to control the physical flow of products and services from the suppliers to the end-users by coordination of these activities of these suppliers, manufacturers, and customers. It aligns the capabilities of suppliers, manufacturers, channel partners, service providers, and customers to develop a sustainable competitive advantage. 

Also Read:- Business Analytics and its future scope

Benefits of studying Supply Chain Management

A well-designed supply chain supports the strategic objectives of reduced costs, shorter performance cycles, world-class products, service quality, flexibility, reliability, and product availability. In fact, many businesses today have taken supply chain initiatives more seriously than ever to develop a competitive advantage in a globalized environment. Some of the prominent examples are Cadburys, Godrej, Modi Xerox, L’Oreal, and Maruti Udyog.

Supply Chain Management Courses

For a candidate who wants to enter the domain of supply chain management and thereon make a career in Supply Chain Management, there is a range of courses available. Some of these courses are: 

• BBA Logistics and Supply Chain Management 
• MBA in Logistics and Supply Chain Management
• Diploma in Supply Chain Management 
• Certificate in Supply Chain Management 

Supply Chain Management Eligibility

The eligibility of each of these courses varies from case to case. The general requirement is to have at least 45% marks in +2. Students possessing holistic management and teamwork skills are most suited for pursuing a career in Supply Chain Management. 

Supply Chain Management Scope 

With the ever-increasing advancements in automation, the realm of logistics also remains positively impacted by it. Thereon, in the coming times, every establishment will use the means of automation and supply chain management to dually carry forward their production. Considering this, there is a wide scope for the field of logistics and supply chain management in the days to come. 

Supply Chain Management Jobs 

As mentioned, the scope in the field of supply chain management is immense and therefore, ever-expanding. Some of the leading job roles in Supply Chain Management are: 

• Head of Supply Chain
• Supply Chain Manager 
• Logistics Manager 
• Assistant Manager- Supply Chain
• Assistant Manager- Logistics 
• Regional Order Manager
• Supply Chain Executive
• Business Analyst- Supply Chain
• Deputy Logistics Manager 
• Purchase Manager
• Procurement Manager

Supply Chain Management Salary

The salary of a supply chain management fresher ranges from 3-5 LPA. An experienced professional can get a package as high as 17 LPA.  

Conclusion

The futuristic trends in all the areas of management will grow in the global market places whether inside India or outside India. The same applies to the domain of Supply Chain Management as this area  will keep thriving in the international market.