Supply Chain Management (SCM) is a unified term for business processes that manage the goods flow across the business value chain from raw materials to final products. An MBA in Supply Chain Management enables you to learn the fundamentals of supply chain and get a broad understanding of business logistics and back-end operations that will help you get a good start as an SCM professional.
- SCM spans warehousing, transportation and logistics management, demand management, and strategic sourcing.
- As an SCM professional, you will help companies’ production costs and ensure on-time product and service delivery to customers.
Why Pursue a Distance MBA in Supply Chain Management?
SCM has become one of the key differentiators in a highly competitive business environment. Some of the best companies across manufacturing and retail, such as IKEA and Flipkart, have established leading positions because of their strong supply chain and logistics functions.
The supply chain industry is a critical component of the manufacturing industry. The government of India’s ‘Make in India’ initiative to make the country the largest manufacturing hub has propelled the sector into a high growth mode. One of the fastest growing sectors, electronics manufacturing is expected to rise to $300 billion by FY26 from $86 billion in 2022. The Indian e-commerce market will increase to $120 billion by 2025.
As the Indian manufacturing and retail sector grows, there will be demand for SCM professionals. For those keen, it is the right time to pursue Distance MBA in Supply Chain Management to leverage lucrative opportunities in the supply chain function.
Scope of MBA in Supply Chain Management
Develop specialised supply chain management professionals to meet industry requirements
Companies seek supply chain professionals with specialised competencies rather than generic skills. As supply chains become sophisticated with the application of innovative technology such as Artificial Intelligence, companies are looking for specialised talents who have functional knowledge and are adept in using innovative technology solutions. SCM functions have also broadened to include returns and reverse logistics, so companies look for trained professionals.
Offer basic and advanced knowledge of the supply chain
An MBA in Supply Chain Management will enable you to build basic functional knowledge and advanced concepts such as warehouse automation, reverse logistics and the latest analytical tools and techniques. You will learn the importance of procurement, lean and warehouse management, logistics and inventory management in creating an optimised supply chain.
Create industry-ready professionals for different industries and business segments
The post-graduate program will help you explore opportunities in the manufacturing industry, retail, transportation and logistics, and others where the supply chain is critical. The Indian domestic and international companies that recruit supply chain professionals are Reliance, Godrej, Adani Ports and SEZ, Flipkart, Amazon, FedEx, Wipro, Accenture and others.
Career Options After MBA in Supply Chain Management
An MBA in Supply Chain Management offers you a range of career opportunities to work as a supply chain performance analyst, operations manager, quality analyst, strategic sourcing manager, logistics and transport officer, and others. In addition to these core SCM roles, you can explore consulting opportunities across process excellence and supply chain technology implementation.
MBA graduates typically start in general management roles and specialise as they advance in their careers. They can work their way up to Vice President of the Supply Chain and Logistics function of one of the business segments or product categories and head the entire SCM function.
Salary for Professionals with MBA in Supply Chain Management
Supply chain management professionals’ skills, knowledge and experience determine their salary. According to Payscale, the supply chain management professionals’ salaries range from ₹3,00,000 to ₹20,00,000.
After completing an MBA in Supply Chain Management, your salary will depend on industry, location and job profile. An entry-level supply chain professional with a Master’s qualification can expect to earn an annual salary of ₹ 3.47 lakh, while a mid-level professional’s average salary is ₹ 8.88 lakhs.
How to Apply for an MBA in Supply Chain Management?
You can select the following options from the top Supply Chain MBA programs available.
- Distance MBA in Supply Chain Management
- Online MBA in Supply Chain Management
- Executive MBA in Supply Chain Management
- Full-Time MBA in Supply Chain Management
The primary criterion for any of these programs is a graduate degree in any discipline from a recognised university. Depending on the specific institution’s qualification criteria, there may be a written test and/or interview for admission.
To Sum Up
If you want to become an expert Supply Chain Management professional, you can enrol in the Distance MBA Program in Supply Chain Management from NMIMS Global. The program offers you the flexibility to learn while you earn and moderate the pace of learning to suit your convenience.