Reasons why supply chain management needs to be a top priority
The widely followed business belief, “People are a company’s most important asset” has taken a leap in the supply chain management industry. Companies are always in need of smart and motivated professionals to structure, build, and manage their supply chains. But in today’s complex, dynamic, and global society, professional talent has become even more important.
Various trends like widespread digitization, the need to alter operations in various customer sectors, and an increased focus on supply chain risks will continue to raise the importance for supply chain and, the necessary skills to manage them. One of the top online MBA programs offered by Bharathiar University provides a specialization in Logistics and Supply Chain Management comprising of the projects and upcoming trends for students to learn and grow. In the past two decades, tremendous differences have been observed in the raw materials, time management, and performance.
Expected qualifications for supply chain managers increase
Students intending to grow in the supply chain sector need to be dynamic. They require to be comfortable with working for long hours and travelling across the country—mainly because trade and business is dealt with globally and the time zones may vary. Just a basic understanding of logistics isn’t enough. They should have the ability to acquire different roles to truly be beneficial for their company.
The less offered specialization
According to the DHL report, the number of executives in supply chain management and logistics was “consistently below 1.3 percent of all-field business faculty worldwide” over the past few years. It’s hard to offer and opt for such a demanding job, and hence, there are very few colleges and universities providing supply chain management courses. Online MBA programs have more access to these courses as the exposure they offer is much more than the traditional MBAs.
Rapid expansion of industry
In the past few years, globalization has compelled companies to manufacture and distribute goods all over the globe. Goods are being manufactured across countries and are traded to the particular regions, which cuts costs but increases complexity. Managing supply chains is about managing uncertainty and the same uncertainty exists inside companies with regard to talent development. Supply chain wasn’t as hectic as it is now, as the shipment and transport causes avoidable and unforeseen issues. It has become extremely crucial for companies to hire capable decision makers to avoid such disasters.
It’s been observed that very few people consciously get into supply chain management. This sector is something people end up pursuing after earning an engineering or Master’s degree. People who do not know what the term means exist too. And this wasn’t a huge problem until now. Now, working in the global supply chain management requires an overall and thorough understanding of what the employees are getting into.
While the job profile may sound boring, dynamic and demanding, it’s time for the companies to accept the industry. Implementation of supply chain management at firms will give an edge to the global business of organizations. The change is slow, partly because of the sudden global change and partly because of the perception of people towards the industry. But fortunately, people believe that a shift in the belief of people in the industry will increase the demand of supply chain managers. This belief maybe enabled by online MBA courses globally.