MBA in logistics and supply chain management - Careers, Salary, Jobs, Scope

MBA in Logistics & Supply Chain Management: Brief Summary

Why MBA in Logistics & Supply Chain Management?

MBA in logistics and supply chain management is a PG level management course for students who interested in administrating the movement of logistics across various channels. The duration of the course is 2 years and candidate needs to beat leastt a graduate in any stream with 40-50%

A graduate of logistics and supply management usually takes care ofthe production process, warehouse, procurement of raw materials, transport, networking of other organizations involves in the market.

The starting fee for this course is around Rs 3 Lakhs, varying for different institutes. Students who cannot pursue regular higher education, can go for Distance MBA in Logistics and Supply Chain management.

Graduates of this degree get to work in all kind of manufacturing industries from food production to good production. Examples are Soft drink industry, Car manufacturing, Watches, Bakeries etc.

Since the job requires the candidate to plan, track and control the logistics movement, it involves both indoor and outdoor work.

MBA in Logistics & Supply Chain Management Job Roles and Career Opportunities

The most popular job roles that are offered to students with this specialization are:

• Logistic Manager
• Supply Chain Manager
• Logistic Coordinator
• Supply chain analyst
• Supply chain planner
• Commercial manager
• Operations manager
• Purchasing manager
• Business manager

Supply chain Manager

• Nature of Work: A supply chain manager is the point of communication of the company and the suppliers. He must maintain good relations with the suppliers and maintain the cost-effectiveness of the raw materials. He is responsible to maintain the optimal inventory. He influences the production system of a company greatly from the raw materials to the shipment of the product.
• Types of Companies: Companies that deal with manufacturing or shipping or both needs a supply chain manager in their team. Example companies are Amazon, Frito-lay, Intel, Apple etc.
• Eligibility: At least a Bachelor’s degree in one of the courses like business administration, logistics, or sales. Having several years of work experience in business and/or customer service will be an advantage.
• Average Salary: 6,95,000 INR per year.

Logistics Manager

• Nature of Work: He is the head of the logistics staff and responsible for meeting the customers supply requirements by taking care of planning, directing and the distribution of raw materials and supplies within the organization.
• Types of Companies: Companies that deal with manufacturing or shipping or both needs a supply chain manager in their team. Example companies are Defence companies, departmental stores etc.
• Eligibility: At least a Bachelor’s degree in operations or logistics management and work experience in shipping, receiving or warehouse management as part of a logistics department.
• Average Salary:  537,051 INR per year.

Logistic Coordinator

• Nature of Work: Logistic coordinator as the name implies coordinates various activities in the supply. He is responsible for the smooth shipment of products to both national and international organizations by taking care of the regulations.
• Types of Companies: They can work with various settings like law firms, schools, retail stores etc.
• Eligibility: At least a Bachelor’s degree in logistics is needed and one or two years experience in the relevant field.  Good communication skill is a basic necessity for this job.
• Average Salary: 2,90,944 INR per year.

Supply Chain Analyst

• Nature of Work: Supply Chain Analyst’s role is to reduce the costs involved in the supply chain by analyzing an interpreting supply chain relevant data. He uses the results of his analysis to innovate and improve the methods and the performance of the supply chain. He would be working a lot with the mathematical and analytical models.
• Types of Companies: Every company that has a supply department hires a supply chain analyst. Example companies include Amazon, Flipkart, Walmart etc.
• Eligibility: At least a UG degree in business, IT development, or a related field. Knowledge in SQL is a must. Having familiar with analyzing business improvements and using troubleshooting skills is helpful.
• Average Salary:  386,643 INR per year.

Supply Chain Planner

• Nature of Work: Supply chain Planner is the mastermind behind the flow of products from one organization to the other. He uses the supply chain relevant data, applies the mathematical analysis and plans the cost-effective flow of products from one organization to the other.
• Types of Companies: Every company that has a supply department hires a supply chain analyst. Example companies include Amazon, Flipkart, Walmart etc.
• Eligibility: An undergraduate degree in supply chain, business, operations, or a related field is preferable. A master’s degree can help to acquire senior positions.
• Average Salary: 5,99,871 INR per year.

MBA in Logistics & Supply Chain Management: Salary

Experienced professionals earn up to Rs 21 lakhs per annum with this degree. The average salary offered to a fresher with 1 to 4 years of experience in logistics and supply chain Management is Rs 6,25,000 annually.

The salary increases to Rs 10,00,000 and above annually for a person with 5 to 9 years of work experience. The better you prove yourself the better payment you would get. It is a good job as it includes challenges that make your job interesting and exciting every day.

Recruiters

Major recruiters include the manufacturer and suppliers of any kind of products. Some kind of service sectors also hires people with an MBA degree in logistics and supply chain management.

• Amazon
• Walmart
• Army
• Navy
• Frito-Lays
• Coco-Cola
• Cadbury
• Nestle
• Intel
• Apple
• Google

MBA in Logistics & Supply Chain Management: Syllabus

Major subjects that would be taught in the management course of Fashion are:

• Introduction to Logistics and Supply Chain Management
• IT Application in Supply Chain
• Accounting in Logistics and in Supply chain sector
• Logistics Planning and Strategy
• Business and Supply Chain Risk Management
• Retail Supply Chain Management
• Financial Management in Supply Chain Industry
• Global Supply Chain and Logistics Management
• Multi Model Transportation
• Warehouse Management

Popular colleges offering MBA in Logistics & Supply Chain Management

Below is a list some of the reputed b-schools in India offering MBA in Logistics and Supply Chain Management course–

Requirements for MBA in Logistics & Supply Chain Management

• Minimum qualifying percentage in the graduation degree is the basic requirement. Most of the colleges require at least 50%.
• Scores of entrance exams like CAT/XAT/MAT/CMAT/GMAT/NMAT/LPUNEST

Why should you choose to do an MBA in Logistics & Supply Chain Management?

Logistics and Supply Chain Management plays a prominent role in any industry and so there is a huge scope for job opportunities for a person with this degree.

The profit of a company can be maximized by reducing costs and this power of reducing costs lies with the logistics and supply chain manager so in order to witness good profits, a company must hire good logistics and supply chain manager.

The Indian Supply Chain and Management Industry contribute 13% of the total GDP. With the boom in the e-commerce sector, the demand for management professional in this field has also escalated.