Friday, June 5, 2020

MBA in Logistics and Supply Chain Management

The Takeaway:

A master’s in business administration (MBA) is a program aimed at preparing students to take on managerial roles in the business world. The program is currently the most popular degree in the world and equips students with the necessary skills required to hold senior positions at companies throughout the world. Unlike traditional programs, an MBA course draws on knowledge from various fields such as psychology, sociology, economics, accounting and finance thus ensuring the course is up to date with current events.

While most MBA graduates pursue a career in finance or consulting, the skills taught in the course are in much demand throughout public sectors, private companies and a host of industries. This has led many universities to offer specialization options within the program, such as

  • Marketing
  • Human Resources
  • Finance
  • Logistics and Supply Chain Management
  • Information Systems
  • Entrepreneurship
  • Operations Management
  • Healthcare Management

Out of all of these specializations, there is one in particular which has been gaining much traction in the business world – Logistics and Supply Chain management. An efficient logistical chain forms the backbone to nearly successful business now, and some of the biggest companies in the world such as Amazon and Walmart invest millions into further strengthening their supply chain each year.

A typical MBA in logistics program builds its foundation on core subjects including corporate finance, leadership communication and business strategy before moving onto specialized topics such as

  • Global Purchasing and Supply
  • Demand and Inventory Planning
  • Business Analytics
  • Sustainable Logistics
  • Quality Management
  • Shipping and Port Logistics
  • Total Quality Management & Six Sigma

Graduates are adept at understanding and applying the principles of logistics and supply chain management to any industry they choose. They are well equipped to make and evaluate strategic decisions and employ analytical techniques to come up with sustainable logistical problems. An efficient pathway to delivering goods to the consumer is key to any successful business and logistical analysts/managers are at the centre of it all. Independent studies predict that the logistics industry of the country will total USD 215 bn within the next two years. This only means that there is going to be a massive creation of jobs within the sector, which can make an MBA in logistics and supply chain management a highly lucrative program at the moment.

Here are just a handful of potential career paths aspiring logistics executives take-up 

  • Inventory Control Manager
  • Purchasing Manager
  • Operations Specialist
  • Senior Consultant
  • Industry Analyst
  • Project Manager
  • Global Logistics Manager
  • Transportation Director

Some of the top recruiting firms in the country include Safexpress, IBM, Larsen and Toubro Ltd., DTDC, Flipkart and DHL among others.

If an MBA in logistics seems like the next step in your career, here are some of the best universities to choose from

  • People’s University, Bhopal
  • Lovely Professional University, Jalandhar
  • DIT University, Dehradun
  • Chitkara University, Chandigarh
  • ITM University, Gwalior
  • VELS University, Chennai

There is much scope for the creation of more efficient and green supply chains in India and as an analyst or manager, one could come up with an improved sourcing strategy or a careful analysis of markets which could help potentially save a company millions in the long run.

Disclaimer: The article reflects the opinions of the author and is not representative of CloudStory or TimesNext’ views.
The article does not offer any investment advice. User discretion is advised. Extensive and diligent research should be carried out by the reader before making a decision or buying any product or services.

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