Supply chain management is the fundamental tenet of an organization that makes certain that the goods and services of the brand are delivered to clients in the proper amount, quality, and timeframe. It ensures the efficiency of many business operations in manufacturing, retail, or fast-moving consumer goods (FMCG). This contemporary practice looks at the manufacturing and distribution of a product to make sure that it generates profit for the company. The global supply chain market is valued at $15.85 billion and is expected to experience a CAGR of 11.2% from 2020 to 2027. Thus, there’s a huge scope in the domain.
Many businesses incorporate diverse supply chain management processes and strategies into their organization as a result of their growing significance in business operations and are seeking skilled and talented professionals. An MBA in Supply Chain Management will help you develop abilities relevant to this domain so that you can have a successful career.
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What is an MBA in Supply Chain Management?
A 2-year long MBA in Supply Chain Management program can be pursued by individuals interested in becoming business operations managers, strategic sourcing managers, managers of global sourcing, or vice presidents of supply chain operations. It seeks to foster the growth of strong managerial abilities and to provide information about the logistics and underpinnings of a business segment.
ParticularsDetailsDegree levelPostgraduateFull FormMaster of Business Administration in Supply Chain ManagementDuration2 yearsAgeNo specific age limitEligibility50% in an undergraduate degree and valid score in an aptitude testCourse FeeINR 1,50,000
The following are some requirements for eligibility for the MBA in supply chain management program that must be met to be accepted to the program:
A 10+2+3 year bachelor’s degree with at least 50% aggregate from an accredited institution. (45% for reserved categories)
A valid score in aptitude tests such as CAT, MAT, CMAT, XAT, and GMAT.
Candidates without an aptitude test score have to clear the online admission test.
MBA Supply Chain Management syllabus
The course syllabus includes lectures, case studies, conversations with industry professionals, group and individual projects, research papers, and other assignments. The MBA in Supply Chain Management syllabus is as follows:
First SemesterSecond SemesterThird SemesterFourth SemesterManagement Process and Organizational BehaviorProduction and Operations Management Research MethodologyStrategic Management & Business PolicyBusiness CommunicationFinancial Management Legal Aspects of BusinessInternational Business ManagementStatistics for Management Marketing ManagementSupply Chain ManagementBusiness Leadership Financial and Management Accounting Management Information System OutsourcingGlobal Logistics and Supply Chain ManagementManagerial Economics Operations Research Food Supply Chain ManagementCategory Management in PurchasingHuman Resource Management Project ManagementInventory ManagementPurchasing and Contracting for ProjectsSupply Chain Cost ManagementProject
Scope of MBA Supply Chain Management in India
Today, every organization requires personnel in the supply chain as it is a vital part of the business. MBA grads in Supply Chain management may better understand the significance of supply chains, thanks to the industry-oriented curriculum of online MBA programs, which helps participants understand both domestic and foreign markets. The MBA in Supply Chain Management scope is vast and growing.
Individuals have access to a wide range of opportunities, especially in the fields of planning and policy-making, inspiration, evaluation, product development, and inventory control. Leading businesses throughout the world are looking for supply chain experts, including:
The government sector may offer work prospects for those with an MBA in supply management. These profiles include several from shipping and freight corporations, printing and publishing companies, banks, manufacturing enterprises, and mining companies.
Career prospects after MBA in Supply Chain Management
Professionals holding an MBA in supply chain management have many job opportunities in the industry. The MBA in Supply Chain Management jobs include:
Purchasing managers organize and plan the acquisition of required goods for wholesale, retail, or trade merchandising. They frequently supervise a group of purchasing managers, making sure the proper number of products is ordered and, as necessary, acquiring new products.
Logistics managers assess and enhance a firm’s supply chain logistics. They oversee product management and inventories, deciding how each item is ordered and delivered. They are in charge of liaising and facilitating communication between the company’s many divisions, such as sales, shipping, and distribution.
The secure and effective receiving, storage, and despatch of products kept in storage are all tasks that warehouse managers are in charge of planning. They must communicate with clients, vendors, and transportation providers. Also, they coordinate and keep an eye on the delivery order, assembly, and shipment of the goods.
An Inventory manager oversees a team that receives and records new inventory when it is shipped out or delivered by comparing various suppliers, keeping track of daily deliveries, and assessing fresh shipments. Their position requires them to guarantee the supply of adequate inventories of goods following the business inventory cycles.
Distribution managers organize, oversee, and coordinate the flow of goods. They must be knowledgeable about the most recent federal regulations to guarantee that all shipping methods adhere to the rules and legislation. They also deal with components or finished goods, routinely assessing quality and managing prices.
Skills you need for a successful career in Supply Chain Manager
The supply chain management profile has several stages, procedures, participants, and constraints. The employee must possess a certain set of abilities to function effectively.
The process of supply chain strategic planning encompasses analysis, evaluation, and formulation of supply chain strategies, such as network design, production, transportation strategy, and inventory policy. The goal of strategic planning is to determine the best configuration for a supply chain and make tactical choices for a production network for the long term.
Logistics & distribution optimization
Supply chain managers use logistical skills to affirm that logistics processes go successfully. The activities involved in logistics operations include gathering, storing, and transporting materials to their destination. A supply chain manager may need a variety of logistical abilities, including judgment, initiative, adaptability, and analytical abilities.
Managerial economics is extremely beneficial in the evaluation of prices, productivity, capital budgeting, risk, and demand. It helps supply chain managers find logical solutions to problems they encounter when carrying out their duties. It supports the manager’s decision-making skills and serves as a bridge between theory and practice.
Operations management is projected to augment the company’s operations, promote more productive procedures, and ultimately increase income. Contrary to the supply chain, operations are more internally focused and help to make key choices about design, production, planning, workflow, and personnel.
Jobs in supply chain management require candidates who can comprehend their contribution to profitability and cost reduction. They must be aware that their choice directly affects cost structure. Unprofitable goods and consumer areas can be identified by those who are familiar with the cost-to-serve principle.
Supply chain managers may be involved in projects that call for project management expertise. The process of project management involves coordinating resources and activities to achieve particular objectives within a given time, budget, and scope. It also requires the ability to plan and organize, handle risks, and be financially savvy.
Supply chain specialists need to be good communicators as they collaborate with numerous divisions inside their organization as well as suppliers to get a product manufactured and sent to a client. They must be proficient in written, oral, and nonverbal communication to interact with suppliers, vendors, consumers, and coworkers.
Pursue an MBA in SCM through Online Manipal
An online MBA in Supply Chain Management offered by NAAC A+ accredited Manipal University Jaipur gives students a grasp of supply chain management from a worldwide perspective, with a focus on operations and logistics. It provides a framework for methodically centering the key business operations and gaining a great perspective of the many business processes.
This program covers all aspects of the supply chain lifecycle, such as global logistics, inventory control, and outsourcing. It enables high interoperability between management practices and the technologies they govern, with an emphasis on strategic decision-making and global supply chain management. The key Supply Chain Management subjects and topics in this UGC-entitled course include:
Supply Chain Management
Food Supply Chain Management
Global Logistics and Supply Chain Management
Category Management in Purchasing
Purchasing and Contracting for Projects
Supply Chain Cost Management
Program Fee: INR 1, 50,000 (INR 37,500 each semester)
Program duration: 24 months (2 years)
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Contemporary MBA programs go beyond traditional business education to examine innovative fields that might help businesses stand out from the competition. Supply chain management has evolved from being seen as just another corporate function to becoming distinct in a challenging business environment. Therefore, it is essential to choose areas of specialty carefully if you want to establish yourself as an indispensable resource in a competitive employment market. So, enroll in an online MBA in Supply Chain Management from a renowned institute such as MUJ to pave your career ahead in this much-in-demand field.
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