What is Supply Chain Management, Job opportunities, Salary Packages

According to recent Bureau of Labor Statistics predictions, employment in the logistics and supply chain management sector will increase by 5% between 2018 and 2028. Supply chain management is a developing industry. Additionally, it's possible that the demand for skilled supply chain management specialists will increase even more quickly than predicted given recent developments on a worldwide scale.

This indicates that the field has promising employment prospects. It is evident that supply chain management occupations are a wise choice for anyone wishing to enter a field with great potential for growth and success when you pair this with a high median salary. Here are some things you should be aware of if you want to pursue a career in supply chain management.

What is Supply Chain Management?

The process of product production, shipment, and distribution is referred to as the supply chain. Students who pursue a degree in supply chain management receive training in economics, logistics, and finance, which helps them develop their problem-solving, planning, and critical thinking abilities.

With a degree in supply chain management, you have the communication and organisational abilities to succeed in a variety of jobs.

Career options In Supply Chain Management

Among all industries, logistics and supply chain management is one of the most complicated. It is one of the most important components of any business, whether it is B2B or B2C. And for this reason, courses in logistics and supply chain management as well as degrees like the MBA are required.

You can pursue PGCP in Supply Chain Management and Logistics. This postgraduate certificate programme in logistics and supply chain management provides you with the abilities you'll need in this dynamic field.

Job opportunities and salary packages In Supply Chain Management

The following supply chain management jobs will help you put your talents to use and create a career in this field(The hiring organisation, the candidate's experience, academic background, and location may all influence the salary.)

1. Purchasing agent

Purchasing agents acquire the equipment, parts, or services essential for a manufacturing establishment's operations. They request bids, create purchase orders, and evaluate the purchase of products and services. You negotiate and oversee contracts with suppliers, vendors, and other representatives in your capacity as a purchasing agent.

Average salary: ₹19,500 per month

2. Operations manager

Operations managers oversee and manage a company's overall operations, whether they are public or private. As an operations manager, you evaluate performance data to gauge the productivity of your business and spot potential cost- or process-cutting opportunities.

Average salary: ₹38,500 per month

3. Logistics analyst

For a seamless delivery process, logistics analysts examine supply chain procedures to find and suggest optimizations and improvements. They keep track of several databases that gather and arrange a company's logistics data.

Average salary: ₹40,500 per month

4. Purchasing manager

Purchasing managers monitor the purchasing officers and other parties involved in the acquisition of various materials, goods, and services while planning and guiding the actions of the buyers. As a buying manager, you interview and hire new personnel and supervise the training and development of current employees.

Average salary: ₹26,800 per month

5. Supply chain manager

Supply chain managers manage costs and enhance accuracy while delivering customer service and security by directing and coordinating the supply chain processes. You create protocols as a supply chain manager to coordinate your supply chain activities with those of other departments, such as sales, finance, production, and quality assurance.

Average salary: ₹6,09,000 per year

6. Logistics manager

The activities of a company's purchasing, warehousing, distribution, forecasting, customer service, and planning departments are coordinated and managed by logistics managers. In order to maximise production and efficiency, you work with other departments as a logistics manager to connect logistics with corporate systems or processes.

Average salary: ₹24,500 per month

7. Storage and distribution manager

Managers of storage and distribution operations oversee the resources and goods that are stored or distributed to clients by a company or facility. You create and implement warehouse safety and security programmes in your capacity as someone in charge of the storage and distribution division.

Average salary: ₹3,92,500 per year