The logistics and supply chain management department is a necessity for all businesses big and small. This division involves planning, monitoring, implementation, and regulation of all activities involved in the goods and services supply chain[i]. With more technological advancements in recent years, the supply chain management industry needs highly competent working professionals who can enact efficient strategies.
Did you know the demand-to-supply ratio for supply chain management experts is 6:1?[ii] A Masters degree can help you fill this gap in the workforce and also earn specified knowledge in your field. Continue reading to learn about 3 more reasons why a Masters in Logistics and Supply Chain Management is a great choice for working professionals:
1. Scope of Logistics and Supply Chain Management
Logistics and Supply Chain Management has a role not only in manufacturing companies but in all businesses that deliver services to customers. Sourcing required products, shifting them to the facilities, sending final merchandise to the suppliers, and maintaining inventory are all parts of the logistics and supply chain management process.
For a candidate holding a Masters in Logistics and Supply Chain Management, there are jobs available in multiple departments for instance Inventory Management[iii], Supplier Relations[iv], and Demand Forecasting[v], etc. Hence this Masters degree opens up many job opportunities because of the vast scope of the field[vi].
2. High employability rate of Postgraduates
On average, postgraduates with management degrees have an employment rate of 78.9% due to their advanced qualifications as compared to 65.6% of candidates with a bachelor's degree from the UK[vii]. Logistics and Supply chain management are growing more complex as consumer trends change and services such as same-day delivery are becoming more common. Therefore, experienced professionals who have a Masters in Logistics and Supply Chain Management are in demand[viii].
3. High-paying jobs in Logistics and Supply Chain Management
Jobs in supply chain management offer handsome salary packages as employers recognize the value of insights that a postgraduate can bring to the table. Professionals with 1-4y of experience in supply chain management earn an average of ₹ 490,000 annually in India[ix]. And up to ₹1,000,000 or more with 10+ years[x]of experience and advanced qualifications!
Businesses always look for strategies that reduce costs without compromising on quality. As a postgraduate, you can offer your expertise to help a business advance its operations to the next level.
In Conclusion
Any organisation working towards growing its business requires proficient Logistics and Supply Chain Management experts. A professional in this field handles logistics and develops plans to create productive management systems. A Masters in Logistics and Supply Chain Management will help you gain mastery over the field. This enables you to progress quickly to higher-ranking positions within your company.
Attaining higher education has never been more convenient than it is today. You can earn SNATIKA's online Masters degree while working your full-time job. And complete your post-graduation in less than a year. So avail this opportunity to advance your career and enrol in a Masters program now!