The job and business market is growing competitive with every passing day. To have a payday of your liking as well as pursue a career that leads you to your dream is a thriving combination for a majority of us. “Can an MBA in Logistics and Supply Chain Management create that combination for me?” Amongst the other MBA specializations prevalent in the industry, Logistics & Supply Chain Management is unveiling its reputation as a top choice. You’ll learn why with our blog post!
The discipline manifests a brilliant scope, not only locally but also internationally. As a result, the job radar in the field of logistics and supply chain management is blazing! Being an aspirant, you can rest assured considering the rewarding scope and employment opportunities offered by an MBA in logistics and supply chain management.
Besides, to help you have a better understanding of the industry, our blog post talks about its various facets. Continue reading to seize a deeper understanding!
What is an MBA in Logistics and Supply Chain Management?
To begin with, it is all about effective and profitable ‘production’, ‘distribution’, ‘management’ and ‘optimization’ of products and other services. MBA in logistics and supply chain management professionals overlook and ensure seamless operations, right from the manufacturer to end consumer. No matter how easy and simple the process may seem, it is taxing in fact. In addition to utmost diligence, the role requires sublime leadership and managerial skills.
Did you know?
Businesses develop outstanding imagery amongst their customers and others provided their services are supreme and better than the rest in the market. Every business strives to unfold success. That is pretty much a no brainer. For this reason, it is quintessential for them to on-board a talented and competent logistics and supply chain management team. MBA in logistics and supply chain management pros are one of the most preferred cohorts of graduates. The recruiters share a tendency towards them given the credibility and status of the MBA in the industry.
Logistics and Supply Chain Management is secondarily known as Demand Chain Management and rightfully so! The entire domain is submerged into the deep and intense ocean of demand and supply. To fulfil an ask from a customer, there is a line-up of warehouse owners, manufacturers, distributors, retailers, transporters, suppliers and many more intermediaries. Unquestionably, there is an explicit relation between demand and supply; the relation of the basis of which the industry runs.
Difference between logistics and supply chain management
Logistics and supply chain management are used interchangeably. As a matter of fact, they are two different and distinct terminologies. Take a look at their attributes:
| Logistics Management | Supply Chain Management |
| Is a subset of supply chain management | |
| Involves certifying complete flow as well as supply of information, goods, services and capital; from raw material procurement to end consumer delivery. | Involves association of firms with suppliers, customers and other stakeholders. |
| Encompasses warehousing, transportation, returns (reverse logistics) and fine packaging. | Encompasses supply and demand planning, manufacturing, inventory management and logistics. |
| Aims at contentment and satisfaction of the end consumer. | Vies for competitive edge. |
Course takeaway
MBA in logistics and supply chain management imparts the following skills:
- Risk identifications
- Risk mitigation
- Problem-solving
- Critical analysis
- Business development
- Decision making
- Project and operations management
- Work under pressure
- Adaptability
- Time management
- Quality management
- Tech knowledge
- Cost management
Scope of MBA in logistics and supply chain management
There is a glut of industries in the business world that require logistics and supply chain management professionals. If truth be told, every business venture must have a dedicated logistics and supply chain management team to move closer to success. Here is a list of industries graduates can pursue and excel at:
- Enterprise Resource Planning
- Global Trade
- Inventory Management
- Retail
- Risk Management
- Sales & Operations Planning
- Sourcing & Procurement
- Supply Chain Optimization
Job prospects of MBA in logistics and supply chain management
By now, you must have comprehended the immense scope of employment within logistics and supply chain management. Next, let us take a look at the different roles that you can pick and choose and explore:
- Industry Analyst
- Project Manager
- Global Logistics Manager
- Transportation Director
- Supply Chain Sales
- Supply Chain Consultant
- Procurement Analyst
- Purchasing Manager
- Warehousing Manager
- Material Manager
- Demand Planner
- Master Production Scheduler
- Sourcing Manager
MBA in Logistics and Supply Chain Management at King’s Business School
At King’s Business School, the course serves as an excellent source of industrial-relevant knowledge. The concepts are tutored by adept executives-cum-academicians. Their mastery in the field allows students to churn out an immense deal of in-depth understanding; academic as well as practical wise. Besides, the teachers take up a detailed outlook with the various modules. From sustainable logistics and supply chain, risk procurement and contract management to business research methods and operations management, the course touches upon subjects like not only leadership but also human resources and strategic management.
All in all, students begin MBA in logistics and supply chain management as a learner but end the course as a learned professional. They become qualified and skilled corporate-ready candidates. Should you be interested in exploring the vast and fruitful field of logistics and supply chain management, feel free to get in touch with our academic team. For more details, kindly redirect yourself to <appropriate link>.
