In recent years, the importance of Supply Chain Management has only grown, as businesses have become increasingly global and complex. Effective Supply Chain Management is a challenging need for businesses looking to remain competitive, meet customer demands, and maximize profits.
As such, Logistics and Supply Chain Management has got more attention than ever and offers exciting opportunities for those looking to build a career in this evolving field. But for a successful Supply Chain Management career, one must stay up with the latest trends and best practices.
So read on to this blog and discover everything you need to know to start your career in Supply Chain Management.
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Discover the secrets to a successful career in Supply Chain Management with this expert-led video guide
What is Supply Chain Management?
Supply Chain Management is the coordination and management of the flow of goods and services from suppliers to manufacturers, distributors, and at last to the end-users. It involves the process of planning, sourcing, production, logistics management, and distribution of goods.
The objectives of Supply Chain Management are to increase operational effectiveness, boost customer satisfaction, and optimize the flow of goods and services. And all these processes can result in a well-planned and controlled supply chain, which can give a competitive advantage to the businesses.
The most basic example of Supply Chain Management is that a food and beverage company uses Supply Chain to ensure the quality and safety of its products. The company works closely with suppliers to ensure their products are sourced from genuine suppliers and rigorously tested.
It also ensures that the production and transportation process of products is managed and stored safely in a hygienic manner.
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Is Supply Chain Management a Good Career?
With the rapid rise in demand and the potential for career growth, it’s no surprise many people are interested in Supply Chain Management jobs. As companies continue to expand globally, there is a growing need for Supply Chain Management experts who can effectively control the products and services, from suppliers to the customers.
Here, we will be discussing the question that everyone wants to know.
Yes, Supply Chain Management can be a great career choice, and below are several reasons that support why it is so!
- Growing demand for businesses: Supply Chain Management professionals are in high demand, as the global economy continues to grow, and businesses of all sizes are expanding their products and services.
- Career growth possibilities: Various roles are offered for individuals who are working in Supply Chain Management, and it offers growth and advancement opportunities in several industries.
- Impactful work opportunities: The job roles of Supply Chain Management play an important role in the success of Logistics and Supply Chain Management businesses. It is one of the most rewarding careers for those who enjoy problem-solving and are committed to the job.
- Attractive salaries: Most of the job roles in supply chain management offer a handsome salary, starting from the junior to the experienced level. The salary of supply chain management professionals can vary widely depending on factors such as level of education, years of experience, location, and industry. This salary can be ranging from ₹6,25,200 to ₹21,90,500 per year. However, this field delivers good incentives, which makes it a financially rewarding career choice.
Also, read our blog on the evolution of supply chain management.
Steps to start a Career in Supply Chain Management
The field of Supply Chain Management is complex and dynamic. With the proper education, skills, and appropriate certifications, it isn’t hard to get a job in Supply Chain and get yourself land into a successful career.
Here we will be guiding you through valuable insights and appropriate steps to get started in Supply Chain Management.
Most entry-level Supply Chain Management roles require a bachelor’s degree or diploma in Supply Chain Management, or any related field. You can consider pursuing an undergraduate degree or a master’s degree in Supply Chain Management to gain the necessary qualifications for a career in Supply Chain.
Develop Relevant Skills
This profession of Supply Chain Management demands a range of skills, including problem-solving, good communication, data analytics, product management, and decision-making skills.
You need to look for developing these skills through internships, staying up to the latest trends and demands, interactions with Supply Chain Management experts, and part-time Supply Chain jobs.
Check out Intellipaat’s blog on how to become a supply chain analyst in 2023.
Consider earning certifications in Supply Chain Management which will help you acquire all the skills and knowledge. Enrolling in a certification program can help you achieve expertise in this field, and get preference over the competition.
Also, read our blog on the role of IT in supply chain management.
What does a Supply Chain Manager do?
A Supply Chain Manager is responsible for managing the entire SCM process of getting products from the point of sourcing raw materials to the hands of the customer. The responsibilities of a Supply Chain Manager can vary depending on the size and complexity of the businesses they work for.
We figured out some of the key responsibilities of a Supply Chain Manager, which are discussed below:
- The Supply Chain Managers are responsible for the development and execution of SCM strategies to provide a smooth flow of goods and services.
- They are in charge of overseeing connections with suppliers and making sure they deliver the goods on schedule and following the necessary standards.
- It is the responsibility of the Supply Chain Managers to ensure that the organization has the right amount of stock available on hand to meet the demands and minimize the risk of stock unavailability.
- Supply Chain Managers coordinate the logistics of transporting goods from suppliers to customers, including managing transportation, warehousing, and distribution.
- They are responsible for recruiting, training, and developing a team of Supply Chain professionals to ensure that the operations are handled effectively and efficiently.
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Undertaking a career in Supply Chain Management can lead you down an exciting and rewarding career path. With the right education and skills, you can build a successful career in this exciting growth-oriented industry. By following the tips and insights that we outlined in this blog, you can indeed position yourself for success in this field.
You need to keep in mind that the field of Supply Chain Management is constantly evolving. Therefore, it is essential to stay up with the best practices and skills required in this industry. Your effort to succeed is already halfway done if you are dedicated and willing to work in this field.
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