10 Best Supply Chain Management Career OpportunitiesJune 29, 2022 2022-06-29 10:22
10 Best Supply Chain Management Career Opportunities
10 Best Supply Chain Management Career Opportunities
Table of Content:
A supply chain is a process that a company uses to move information, goods, products, or resources from a supplier to a customer. A degree in supply chain management(internal link: https://viie.edu.in/reasons-to-consider-degree-in-supply-chain-management/) opens a lot of career opportunities. Your organization’s supply chain includes all aspects from development to delivery, including:
- Product development
- Materials sourcing
- Inventory management
Companies need to monitor these processes closely to meet product quantity and quality requirements most cost-effectively and efficiently. This includes ordering the right amount and type of material, hiring the correct number of team members, and contracting with a trusted vendor. The components of the supply chain include:
Logistics: The logistics team manages supply from supplier to consumer and product flow. This includes step-by-step processes related to procurement, manufacturing, and delivery.
Operations: The operations team works on standard policies and procedures to ensure safety, compliance, and efficiency at all supply chain stages.
Budget: The supply chain finance components focus on budget management, inventory monitoring, collecting financial data from each supply chain manager, and tracking expenses.
Scope of Supply Chain Management
Providing products and services at the right time, in the right place, at the right cost, in the correct quantity, and in quality is central to logistics and supply chain management, retail, perfect order delivery, and customer accessibility. And cost efficiency is an essential competitive priority.
As the demand for talented graduates grows, various master’s programs are offered to meet this need. Whether you have your first degree in an unrelated field or want to deepen your knowledge in that field, this type of qualification can give you an edge when trying to get a job in the logistics or supply chain. Logistics is, above all, a practical profession where you can start and rank higher.
However, graduating with a master’s degree in supply chain management accelerates your career prospects. It gives you the necessary experience before moving to senior management-level positions such as strategic operations and supply chain directors.
Supply Chain Management Career Opportunities
1. Inventory Manager
Inventory managers, also called inventory analysts, are responsible for tracking and monitoring inventory in a warehouse or other facility. They may also create organizational systems and documentation processes that adhere to industry best practices. Inventory managers watch for possible supply overages and shortages.
The average salary of an Inventory Manager is Rs.1.6L to Rs.9.6L PA.
2. Logistics Manager
Logistics managers plan and oversee how a company orders materials and delivers its products to consumers or vendors. They also ensure regulatory compliance at every phase in the supply chain. Logistics managers may be responsible for the entire supply chain of an organization or a designated region within a large company.
The average salary of a Logistics Manager is Rs.0.2L to Rs.10.5L PA.
3. Transport manager
Transport managers oversee an organization’s transportation activities, including vehicle sourcing and procurement, adhering to safety and other regulatory guidelines for delivery and oversized vehicles, conducting operator and driver training, and creating schedules.
The average salary of a Transport Manager is Rs.4L to Rs.26L PA.
4. Facilities Manager
Facilities managers work mainly in production and manufacturing to manage the regular maintenance and upgrades of equipment, systems, and other physical components. They may oversee one location or be responsible for all of a company’s manufacturing facilities.
The average salary of a Facilities Manager is Rs.5L to Rs.21L PA.
5. Supply Chain Specialist
Supply chain specialists, also called supply chain planners, work with an organization’s logistics team to help source and order materials, plan inventory needs based on consumer trends, and coordinate product deliveries. They often report supplying chain managers.
The average salary of a Supply Chain Specialist is Rs.3.5L to Rs.22L PA.
6. Distribution Manager
Distribution managers oversee the delivery phase in a supply chain. They manage the timeline, quantity, and destination of product and supply shipments. Distribution managers must be able to forecast consumer behavior and use industry software for planning and implementation.
The average salary of a Distribution Manager is Rs.5L to Rs.20L PA.
7. Purchasing Manager
Purchasing managers are responsible for sourcing, researching, and contracting with material or product suppliers. They work to find the highest quality, most cost-effective materials and negotiate to receive the best deal for their organization on products to use or resell.
The average salary of a Purchasing Manager is Rs.4L to Rs.18L PA.
8. Quality Manager
Quality managers help define company quality standards and ensure that products and services meet those standards for clients, customers, and employees. They must have a thorough understanding of all industry regulations and monitor their organization’s processes for compliance. Quality managers create plans for quality improvement.
The average salary of a Quality Manager is Rs.3L to Rs.20L PA.
9. Capacity Manager
Capacity managers must ensure that an organization has the resources and processes to meet market demands. They work to make manufacturing and production processes as productive as possible through optimized processes, tailored resources, effective supply chain operations, and strategic partnerships.
The average salary of a Capacity Manager is Rs.5L to Rs.20L PA.
10. Global Commodity Manager
Global commodity managers create and implement commodity strategies to help an organization maintain an efficient, cost-effective international supply chain. They are responsible for researching market trends to anticipate inventory fluctuations, monitor product quality, and manage relationships with suppliers.
The average salary of a Global Commodity Manager is Rs.11.5L to Rs.32.9L PA.
Career in supply chain management is the systematic and strategic management of products, from raw materials to finished products. SCM helps companies maximize production. SCM is also the technology that manages the right products by delivering them to customers at the right time, place, and at the correct cost. Thus, it is an area with multiple employment opportunities, as every retailer has a supply chain.