Growth of Supply Chain as a Critical Business Function

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With the growth of e-retailing, the demand for rapid delivery of goods by the customers is increasing. This demand has created a breadth of opportunities for logistics and supply chain graduates. As the global economy moved into the 21st Century, logistics became a critical part of supply chain management and consumer demand. In less than two decades, logistics management has influenced product movement to meet or even exceed consumer demand. Companies concluded that they could lower costs and increase productivity by managing logistics on a system theory and managing the company as a whole to boost performance.

By creating partnerships with suppliers, shipping services and warehouses, and connecting these services through automated systems, the logistics of delivering products to the consumer have been improved with reduced overhead costs and faster delivery. In order to understand how the logistics system theory works, strategic planning is required while calculating what would be needed. Meanwhile, focusing on obtaining materials and managing how quickly products are produced to help ensure swift delivery to the consumer.

Simplifying communication and services between multiple departments helps create a workflow blueprint that reduces costs by increasing visibility and improving the overall understanding of company needs. Costs are saved by reducing warehousing costs, purchasing based on supply forecasts, better inventory management, reliable shipping and timely delivery to the end-user.

Distribution managers have always played a vital role in the success of the retail industry, ensuring the effective organisation, storage and distribution of products and purchases. However, with the constant technological advancement of online operations, their work has never been more important nor their skills more sought after. Satisfying customer requirements is at the heart of supply chain activities in order to ensure that customers get the right products when and where they want them. Every retail organisation has a supply chain, so this is an area where there are multiple opportunities for employment.

The Master of Logistics and Supply Chain Management program focuses on management and operations and teaches special skills for applying the concepts, techniques and principles that underlie logistics and supply chain management; the relationship between business processes within and between organisations; using system approaches to solve business problems; and managing the effects of current and future trends in supply chain management.

Logistics and supply chain management graduates are in high demand in private and public sectors throughout the world. Examples of the rewarding career opportunities available within this diverse field include procurement manager, supply manager, supply chain director/manager, export manager, operations manager, procurement manager, shipping coordinator and freight manager.

While MBA programs can prepare graduates for roles in supply chain management, another option is becoming increasingly available at global business schools, the specialized master’s degree in supply chain management. Here, at Leverage EduTech, we have compiled a list of Top Global Schools that provide Master’s program in Logistics and Supply Chain:

  • Michigan State University – Master of Science in Supply Chain Management (Program Duration : 2 years)
  • University of Michigan – Master of Supply Chain Management (Program Duration : 1 year)
  • Copenhagen Business School – MSc in Economics & Business Administration – Supply Chain Management (Program Duration : 2 years)
  • Rotterdam School of Management – MSc in Supply Chain Management (Program Duration : 1 year)
  • The University of Sydney –Master of Commerce in Logistics and Supply Chain Management (Program Duration : 1.5 years)
  • University of Warwick – MSc Supply Chain and Logistics Management (Program Duration : 1 year)
  • National University of Singapore – MSc Supply Chain Management (Program Duration : 1 year)
  • University College Dublin – MSc in Supply Chain Management (Program Duration : 1 year)
  • Cranfield University – MSc in Logistics and Supply Chain Management (Program Duration : 1 year)
  • The University of Auckland – Master of Commerce in Operation and Supply chain Management (Program Duration : 2 years)
  • Pennsylvania State University – Master of Supply Chain Management (Program Duration : 2 years)
  • Massachusetts Institute of Technology – Master of Applied Science in Supply Chain Management (Program Duration : 10 months)

 

Bidyut Dutta

Head, Admissions

bidyut@leverageedu.com

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