Supply Chain Management
Supply Chain Management is the management of flow of products and services, which begins from the origin of products and ends at the product’s consumption. It also deals with movement and storage of raw materials that are involved in work in progress, inventory and fully furnished goods.
The main objective of supply chain management is to monitor and relate production, distribution, and shipment of products and services. This can be done by companies with a very good and tight hold over internal inventories, production, distribution, internal productions and sales.
Supply chain management basically merges the supply and demand management. It uses different strategies and approaches to view the entire chain and work efficiently at each and every step involved in the chain. Every unit that participates in the process must aim to minimize the costs and help the companies to improve their long term performance, while also creating value for its stakeholders and customers. This process can also minimize the rates by eradicating the unnecessary expenses, movements and handling.
Here we need to note that supply chain management and supply chain event management are two different topics to consider. The Supply Chain Event Management considers the factors that may interrupt the flow of an effective supply chain; possible scenarios are considered and accordingly, solutions are devised for them.
Courses
There are multiple levels of courses available in the field of Supply Chain Management and some important graduate, post-graduate, diploma programs offered are given below:
BBA in Supply Chain Management: An undergraduate course in SCM with a duration of 3 years.
Diploma in Supply Chain Management: A postgraduate course in SCM with a duration of 1 year.
MBA in Supply Chain Management: A postgraduate course in SCM with a duration of 2 years.
The supply chain basically covers the basic concept of supply chain management, its legal aspects, manufacturing methods, materials and store management, operations management, project management, contract administration and logistics. Besides theoretical understanding, the course also trains candidates through internships and practical projects. Supply chain syllabus is different for different programmes.
Post Graduate Diploma in Supply Chain Management: A postgraduate course in SCM with a duration of 1 year.
Required Skills and Aptitude
The skills and aptitudes required for a career in the SCM field include the following:
- Adaptability to new techniques and changes
- Analytical skills
- Communication skill
- Decision making skills
- Geographical skills
- Leadership skills
- Numerical skills
Eligibility Criteria
BBA in Supply Chain Management: Aspirants should have passed their 10+2 Board Examination in any stream from a recognized board of education. The admission process for BBA is mostly merit-based, but some institutes are admitted based on entrance tests at university or institution level.
Diploma in Supply Chain Management: Candidates should be passed 10 th standard.
MBA in Supply Chain Management: Candidates who have a degree in any discipline are eligible for admission. The admission process is mostly based on entrance tests.
Post Graduate Diploma in Supply Chain Management: Candidates who have a degree in any discipline are eligible for admission. The admission process is mostly based on merit basis.
Entrance Examination
Admission procedure for supply chain courses is different for different institutes. Some colleges/universities offer direct admission to candidates based on their performance in class 12 for BBA in Supply Chain Management.
Most of the colleges/universities accept the scores of national level management entrance exams like CAT, MAT, CMAT, ATMA, XAT etc for admission to MBA in Supply Chain Management.
Job Profiles
Some of the job profiles in the field of SCM are as follows:
- Contract analyst
- Inventory manager
- Logistic supervisor
- Operation Manager
- Purchasing Agent
- Purchasing manager
- Strategic planner
- Supplier relationship manager
- Supply Chain Analyst
- Supply chain consultant
- Supply chain directors
- Supply chain manager
Top Recruiters
There are various sectors in supply chain management that candidates can look for a job like manufacturing and distribution sector, transportation, logistics companies, shipping corporations, aviation etc. Followings are some of the firms where jobs for SCM are available:
- Accenture
- Advanced Supply Chain Logistics
- Amazon
- Bharti Airtel
- Flipkart
- Future Retail
- ITC
- Larsen & Toubro Ltd
- Luminous Power Technologies (P)
- Mahindra
- Procter & Gamble
- Reliance Industries
- Snapdeal
- TVS
Institutions
Institutions offering BBA in Supply Chain Management
| Name of the institution | State |
|---|---|
| Sushant School of Business – Gurgaon | Haryana |
| Karnataka College of Management and Science - Yelahanaka | Karnataka |
| Presidency University – Bangalore | Karnataka |
| Skywings Academy of Aviation and Tourism – Kochi | Kerala |
| National Institute of Management and Research Studies (NIMR) – Mumbai | Maharashtra |
| Universal Business School - Mumbai | Maharashtra |
| ILAM-JIMS | New Delhi |
| International Academy for Studies | New Delhi |
| School of Business, University of Petroleum and Energy Studies - Dehradun | Uttarakhand |
Institutions offering MBA in Supply Chain Management
| Name of the institution | State |
|---|---|
| GITAM Institute of Management – Visakhapatnam | Andhra Pradesh |
| Institute of Clinical Research India – Ahmedabad | Gujarat |
| Presidency University – Bangalore | Karnataka |
| Indian Maritime University – Kochi | Kerala |
| School of Management Dr DY Patil University - Navi Mumbai | Maharashtra |
| Coimbatore Marine College - Coimbatore | Tamil Nadu |
| Indian Institute of Logistics – Chennai | Tamil Nadu |
| Amity Business School – Noida | Uttar Pradesh |
| Integral University – Lucknow | Uttar Pradesh |
| Sharda University - Greater Noida | Uttar Pradesh |
| School of Business, University of Petroleum and Energy Studies - Dehradun | Uttarakhand |
Institutions offering Post Graduate Diploma in Supply Chain Management
| Name of the institution | State |
|---|---|
| GD Goenka School of Management - Gurgaon | Haryana |
| Usha Martin University – Ranchi | Jharkhand |
| University of Mysore – Mysore | Karnataka |
| ASM's Institute of International Business and Research – Pune | Maharashtra |
| Suryadatta Institute of Management and Mass Communication - Pune | Maharashtra |
| SVKM's NMIMS School of Business Management - Navi Mumbai | Maharashtra |
| Symbiosis Institute of Management Studies – Pune | Maharashtra |
| CMJ University - Shillong | Meghalaya |
| Lal Bahadur Shastri Institute of Management | New Delhi |
| Career Point University - Kota | Rajasthan |
| Loyola Institute of Business Administration – Chennai | Tamil Nadu |
| Sacred Heart College - Vellore | Tamil Nadu |
| Indian Institute of Social Welfare and Business Management – Kolkata | West Bengal |
| St Xavier's College - Kolkata | West Bengal |
Questions & Answers
Q) What are the objectives of supply chain management?
A) Supply-chain management has been defined as the design, planning, execution, control, and monitoring of supply-chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
Q) Why did you choose the supply chain?
A) Every retail organisation has a supply chain, so SCM area where there are multiple opportunities for employment.
Q) What are the factors of supply chain management?
A) Stock control, Technology, Outsourcing,Quality management of materials, Product innovation, Logistics are some factors that can affect supply chain management
Q) Is supply chain a good field?
A) Supply Chain is a fantastic career path for anyone. For many people their interests, desires, and goals will change over time. A great feature of Supply Chain careers is that there are so many options and directions that as your goals change you can easily change within Supply Chain.
Q) Which is better marketing or supply chain?
A) The supply chain is broader than marketing channels. It begins with raw materials and delves deeply into production processes and inventory management. Marketing channels are focused on bringing together the partners who can most efficiently deliver the right marketing mix to the customer in order to maximize value.
Q) Is there a lot of math in supply chain management?
A) Supply chain management study and implementation part is not required to be very good at mathematics. You should be well versed with MS Excel and basic formulas for calculation purposes along with passion towards SCM. If you can have this, you would be able to achieve higher possibilities in the same field.