Thanks to the advancement in technology, these days it is very easy for us to buy anything that we want. Maybe that is why most of the times we do not really bother about how a particular commodity reaches us. As long as we have it within the time that was promised to us by the service provider, we are happy.
However, the fact is that it takes a lot of careful planning for a finished product to reach from the factory to our homes. There are hundreds of people and tens of processes involved in the same. In order to co-ordinate the work of all these people and to ensure that there are no hiccups, the technical knowledge of logistics and supply chain management experts are necessary.
With the retail industry coming under the influence of the digital world, there are a lot of job opportunities coming up for management postgraduates in this sector. This article gives an insight into a possible career here and how you can exploit the myriad of opportunities that are currently available in this field.
• What Is A Career In Supply Chain Management?
The process of getting a product to its rightful consumer is a cumbersome one. It starts off with things like sourcing wherein the product is procured. It then goes through the process of warehousing, distribution and inventories. In the process, it passes through the hands of the producers, distributors, wholesalers, retailers and a lot of other people.
Efficient communication and management are required in order to ensure that all the processes are carried out well so that the product reaches the consumer with minimum labour and cost. This type of management is the responsibility of the people specialising in supply chain management.
• What Do You Mean By A Career In Logistics?
This is one of the most crucial aspects of any business in supply chain management. Here professionals are responsible for the smooth transportation of the goods that are involved in the process of supply chain management. This field takes care of things like the safety and security of the products in question and the timely collection and delivery of freight and goods.
Things like inventory control, pricing control, merchandise assembly and ticketing are often dealt with by professionals from the world of logistics. Thus, it will be fair to say that a career in supply chain and logistics is a very broad area and there are a number of specialisations that you can pursue in the same.
• Educational Background
One can opt for an MBA specialisation in SCM and logistics if they want to pursue a successful career in this field. Almost all the top business schools in the country offer this specialisation. Like any other MBA, the prerequisite for this course is that the candidate must hold a bachelor's degree in any discipline.
An MBA in SCM and logistics may be taken either as a part-time or a full-time course based on the student's convenience. There are a number of global certifications (like APICS and CTL) available in this field. You may also choose to go for any of those.
. Skills Required
This is one job that will have a lot of human interactions. Thus, you must have very good communication skills. If you know more than one language, the same will come in handy in this profession. You should be able to think on your feet and handle contingencies as and when they appear.
For this, you need good critical thinking abilities. Other than that, you must have a lot of patience while dealing with people. At the end of the day, since you are managing the entire process, if anything goes wrong you should be ready to take up the blame for the same. This type of thing requires a sense of personal ethics and high moral values.
• Job Scope
Most of the candidates who have a post-graduation degree in logistics and supply chain management land themselves with jobs in the courier companies, some of them even work with freight and forwarding agents and deal with all aspects and modes of the transportation. Shipping companies and cargo handlers also employ such people in large numbers.
Although most of the jobs in this field are in the private sector, you may also choose amongst the various government organisations as well. There are many organisations that hire third-party logistics in order to get their work done. Working in this sort of a place gives you a wider exposure to various companies and the facilities that they have to offer.
An average postgraduate degree holder in this field starts off with a salary that is close to Rs 3.5 lakhs. The value is higher for people who are working in the retail chain logistics department. Those people start off with a salary that is close to Rs 4 lakhs and with experience they may earn as much as Rs 15 lakhs.
Since the functioning of any company depends greatly on its logistics and supply chain support team, these people are paid very highly.
. Job Challenges
This is a highly challenging field of work where you need to prove your worth every working day. On any given day it is expected that certain problems will occur somewhere or the other in the entire process. The efficiency with which you respond to them and how you tackle the same speak about your professional competency.
Thus, if you are someone who likes to take up new challenges, then this is the right career choice for you.
• Future Scope
Irrespective of the size of the company in question, the fact remains that the functioning of inventory and account receivables are impossible without the involvement of logistics. Similarly, all retail and manufacturing companies require the expertise of supply chain management personnel in order to ensure a decent revenue generation.
These days, even the IT companies (which are the biggest recruiters in the country) employ a lot of people from the world of logistics and supply chain management.