With the growth in retail, e-commerce and manufacturing sectors, demand for MBA students in logistics and supply chain management is quite high. In this programme, the student analyses the complete process of the product cycle from raw material collection to delivering the final product in the market. Let’s know more about MBA logistics and supply chain management in this blog in detail.
This Blog Includes:
- MBA in Logistics and Supply Chain Management Highlights
- What is meant by Logistics and Supply Chain Management?
- Eligibility Criteria
- MBA in Logistics and Supply Chain Management: Top Universities Abroad
- MBA in Logistics and Supply Chain Management: Top Universities in India
- Career Outlook
- Masters in Supply Chain Management VS MBA Supply Chain Management?
- Logistics and Supply Chain Management: Top Recruiters
- Top 10 Countries for Exploring Logistics Careers
MBA in Logistics and Supply Chain Management Highlights
In the table below, you’ll find some of the most critical highlights for the MBA LSCM program:
|Course Name||MBA in Logistics and Supply Chain Management|
|Short Name||MBA LSCM|
|Course Type||Degree Course|
|Degree||Master of Business Administration|
|Specialisation||Logistics and Supply Chain Management|
|Course Duration||2 years|
|Admission Process||Entrance Exam + Selection Process of Individual Colleges|
|Average Starting Salary||INR 6-7 Lakhs|
|Course Mode||Full Time/Distance|
What is meant by Logistics and Supply Chain Management?
Logistics and Supply Chain Management can be defined as a process of accumulation of raw material and converting them into the final product that later gets delivered in the market. Logistics is further divided into two categories:
- Inbound Logistics – the movement of raw material and goods from suppliers to a company.
- Outbound Logistics – the movement of final goods from a company to customers/consumers.
Supply chain management is a multidisciplinary aspect of industry that is concerned with:
- Project planning.
- Obtaining raw materials by sourcing and providing logistical support.
- Methods of production
- The distribution of generated products.
- Controlling costs and risks at each of the levels mentioned above.
Supply Chain Management is the entire management of the supply chain process which includes the flow of goods and services as follows:
Supplier → Manufacturer → Wholesaler → Retailer → Consumer.
Must Read: Supply Chain Management Courses
MBA in Logistics and Supply Chain Management is a 2-year post-graduation management program. In this program, students learn about various processes of management such as planning, implementation, control and flow of the product or service. This programme covers topics such as – Trade Operations, Liner Industry, Commercial Geography, Implementation issues in Supply Chain Performance Metrics and Modelling & Operational Strategic, Logistics Management and recent SCM trends.
Eligibility criteria for students to pursue an MBA in Logistics and Supply Chain Management is given below:
- The student must have passed XIIth class from a recognized board
- Completed a bachelor’s degree from a recognized University or Institute.
- TOEFL /IELTS /PTE scores are required to pursue a course from abroad if English is not your native language.
- GMAT (Graduate Management Aptitude Test) scores are required to fill out the application of the MBA course.
- The requirement of relevant work experience.
MBA in Logistics and Supply Chain Management: Top Universities Abroad
There are several leading universities around the world that offers an MBA in Logistics and Supply Chain Management. Here is a list of some renowned universities from where you can pursue this management course:
- Purdue University, West Lafayette, United States
- The University of Tennessee, Knoxville
- Arizona State University – West, Glendale, United States
- Michigan State University, East Lansing, United States
- Massachusetts Institute of Technology, Cambridge, United States
- Pennsylvania State University, Pennsylvania, United States
- SP Jain Global School of Management, Dubai, United Emirates
MBA in Logistics and Supply Chain Management: Top Universities in India
If you are interested in pursuing MBA in Logistics and Supply Chain Management from India, here are some of the best Universities in India:
- University of Petroleum and Energy Studies, School of Business, Dehradun
- Dr DY Patil University, School of Management, Navi Mumbai
- Presidency University, Bangalore
- Amity Business School, Noida
- Indian Maritime University, Kochi Campus
- GITAM Institute of Management, Visakhapatnam
- Integral University, Lucknow
- Indian Institute of Logistics, Chennai
- Indian Institute of Management, Udaipur
- ITM School of Management, Gwalior
Read About: MBA in Australia for Indian Students
The syllabus of the MBA in Logistics and Supply Chain Management program consists of the following topics:
- Principles of Management and Organizational Behavior
- Managerial Economics
- Accounting and Finance for Managers
- Marketing Management
- Human Resource Management
- Quantitative Techniques for Management
- Research Methods for Management
- Operations Management
- Logistics Management
- Retail Sore and Visual merchandising
- Quality Management and Quality Techniques
- Retail Marketing and CRM
- Logistics and Supply Chain Management
- Export Trade and Documentation
- International Marketing
- Business Marketing and Ethics
- Strategic Management
- Supply Chain Management
- International Management and Logistics
- Business Intelligence for Supply Chain Management
- Information Systems for Supply Chain Management
- Manufacturing Design and Analysis
- Sustainable Supply Chain Management
- Decision Support Models
- Supply Chain Management Technology and Applications
Read About: BBA Logistics
Students who possess a degree of MBA in Logistics and Supply Chain Management, are in demand at manufacturing, e-commerce and retail sectors. Some industries like Construction companies, Information & Technology, Land & Air Transportation providers and Shipping also heir these individuals. Following are the jobs available for fresh MBA graduates in this field:
- Logistic Manager: Logistic Manager is the head of the logistics department and responsibilities include meeting the customer’s requirements by taking care of the plan, direction, control and distribution of raw materials and supplies in the organisation.
- Supply chain Manager: Being a point of communication between company and customer, the supply chain manager’s roles and responsibilities include maintaining a good relationship with suppliers and maintaining cost-effectiveness of raw material. He greatly influences the production system of the company.
- Supply Chain Planner: These professionals are responsible for the flow of products from one organisation to another. With the use of relevant data related to the supply chain, they apply Mathematical Analytics and plans a cost-effective flow of products from one company to another.
- Supply chain analyst: With working on Analytical models, supply chain analyst’s role is to reduce the cost involved in the supply chain process and analysing supply chain data.
Other Career options via MBA in Logistics and Supply Chain Management:
- Supply Chain Sales
- Supply Chain Consultant
- Industry Analyst
- Project Manager
- Procurement Analyst
- Purchasing Manager
- Global Logistics Manager
- Transportation Director
- Warehousing Manager
Note: The average annual salary for industry analysts is about $70,000 (INR 52,16,263), but this varies depending on the specific industry.
Masters in Supply Chain Management VS MBA Supply Chain Management?
Although both a master’s in supply chain management and a supply chain management MBA will lead to the same job, the structure of these two programmes differs significantly. Only supply chain management and topics that specifically support supply chain management are covered in master’s degrees in supply chain management. They usually take 1-2 years to finish (often a shorter period of time than an MBA). A typical course load is around 30 credit hours, giving you a rough idea of how many semesters an MS in supply chain management might take. The curriculum would be completed in one calendar year if four classes are taken per semester. Even taking two classes will double the amount of time you spend studying. A MS in Supply Chain Management degree usually includes the following courses:
- Analysis of Supply Markets
- Manufacturing Planning and Control
- Logistics Operations Methods and Controls
- Strategic Supply Chain Management
- Global Supply Chain Management
- Technology in Supply Chain Management
- Strategy in Sourcing
- Fulfilment and Distribution
- Total Quality Management
- Supply Chain Management Communication
- And a Capstone or Thesis Project
Logistics and Supply Chain Management: Top Recruiters
Manufacturers and Suppliers are the major recruiters for candidates with an MBA in this field. Some of them are listed below:
Top 10 Countries for Exploring Logistics Careers
Here is a quick list of all the top 10 countries from around the world that are best and most preferred to study and explore logistics and supply chain management careers.
- United States
Distance MBA in Logistics and Supply Chain Management is an option for students who are unable to pursue normal higher education. Graduates of this program will work in a variety of manufacturing sectors, ranging from food processing to the production of goods. Soft drink manufacturers, automobile manufacturers, watchmakers, bakeries, and other industries are examples.
Industry Analyst is one of the most prominent supply chain management positions.
Manager of the project.
Manager of Global Logistics.
Director of Transportation.
Sales in the Supply Chain
Consultant in Supply Chain Management.
Purchasing Manager/Analyst in Procurement
Director of Warehousing.
There are many advantages to obtaining a professional supply chain education. This area of research is one of the most rapidly expanding in the business world. As a result, students who earn an MBA in Supply Chain have an easier time finding work. They always rise to the top of their organizations.
Undergraduates are finding supply chain management to be a promising degree. Many companies are on the lookout for eligible undergraduates. Check out these top 25 schools for supply chain degrees if you’re creative and looking for a promising career path.
The number of available supply chain positions will increase by 26% between 2010 and 2020. The current demand-to-supply ratio of eligible individuals to workers is six to one. That number may be as high as nine to one in a few years.
Here are some of the best-paying logistics workers, most of which come with plenty of space for advancement:
Fleet manager positions are available.
Work openings for configuration analysts.
Job openings for distribution centre managers.
Jobs as a procurement manager are available.
Landman jobs at the senior level.
Specialist positions in business operations are available.
Customer satisfaction director positions are available.
Hope this blog was able to provide in-depth information on MBA in Logistics and Supply Chain Management. To get admission in this course at a university abroad, seek guidance from Leverage Edu. Our unique AI tool will find a well-suited course and university as per your requirement.