MBA In Logistics and Supply Chain Management: Getaway to Learn New Things
It’s a new and growing field; that’s how experts address MBA in logistics and supply chain management. MBA is growing, and so are the salary, opportunities, and MBA applications. That’s why many aspirants are convinced that MBA can teach them new things and will help them get a prestigious job with a competitive package. However, what’s the purpose of an MBA degree?
Experts believe there are many benefits of pursuing an MBA degree, but here are some of the main reasons why an aspirant must study MBA:
- Strategic thinking
- Better communication
- More job opportunities
- Higher income
- Learn new skills and gain knowledge
Similarly, pursuing an MBA in logistics and supply chain management has a few benefits that we will be discussing in the latter part of the article. We will give you a complete overview of the course and delve deep into the MBA logistics and supply chain management syllabus. Let’s start with understanding what is logistics and supply chain management.
Logistics and supply chain management is the vital pillar of an organization that ensures the products and services of the brand reach the customers at the right time, at the right place, in the right quality and quantity. Whether manufacturing or retail, fast-moving consumer goods (FMCG) or insurance, logistics and supply chain management ensure the smooth functioning of different business processes.
Due to its increasing importance in business functions, many companies integrate various logistics and supply chain management applications and processes into their enterprise. For this, they are recruiting talents from across the country. To stand out in the crowd, you need to have unique and peculiar skills, and an MBA in supply chain management and logistics helps you learn things that you were unaware of and attain skills that are peculiar to your job profile. It teaches you more than how to define project management and supply chain management.
Before we look into logistics and supply chain management’s syllabus or course curriculum, let’s understand the meaning of logistics and supply chain management in the current business milieu.
What is the Meaning of Logistics and Supply Chain Management?
The experts define logistics as acquiring, storing, and transporting resources. It is a process that focuses on providing the right quantity of resources at the right time and place without hindering its quality. The basic concept of logistics has been changing since 1960. Started as a military-specific process, logistics has proliferated into different industries.
Meanwhile, supply chain management is a modern process that examines a product’s production and distribution process to ensure that it evokes profitability for the business. Supply chain management (SCM) seeks to optimize the production and distribution process to avoid wastage of resources and increase the sales and profit margins of the company.
MBA in supply chain management and logistics helps understand aspirants about production, distribution, management, and optimization of effective products or services. The logistics and supply chain management curriculum therefore includes –
- Strategic planning and supply chain management
- Demand planning and forecasting
- Advance sourcing strategies
- Logistics and distribution optimization
- Source, make, and move strategies
Below, we discuss MBA in logistics and supply chain management in detail.
MBA in Logistics and Supply Chain Management Syllabus
Strategic planning and supply chain management
Strategic planning and SCM are interlinked, and MBA in logistics and supply chain management aims to make you understand their importance in a business organization. Therefore, the MBA curriculum concentrates on making you understand supply chain networks, the basics of strategic planning, and how strategic planning and SCM can reap benefits for the company, among other things.
Demand planning and forecasting
MBA curriculum helps you pick up different skills that, when applied to business, can help you understand, track, and monitor different market trends, which gives your business a competitive advantage. This section of the course aims to equip you with skills that will help you trace new trends and incorporate them into your company. It will also teach you analytical skills to understand the demand for products and forecast their market demand at a given time. Knowledge of demand will help you gain a competitive advantage over others.
Advance sourcing strategies
Logistics and supply chain managers ensure that resources required to manufacture a product or service are made available at the right time. This module of the MBA course equips managers with effective sourcing strategies that helps them acquire, transport, and store different resources without any hassle.
Logistics and distribution optimization
Logistics managers are responsible for ensuring that the products or services reach the marketplace in the stipulated time. Therefore, they implement several deliveries and distribution optimization strategies to ensure the timely delivery of products or services. In this section, the managers will be taught different strategies that will help them optimize different logistics and distribution activities.
Source, make, and move strategies
The MBA curriculum equips aspirants with skills that help them acquire and organize different resources efficiently. In this section, the aspirants learn about different software and applications that make organizing and acquiring resources easy and cost-effective.
The vast curriculum of MBA in logistics and SCM is hard to encapsulate in an article. However, the above-mentioned topics provide a peek into what to expect while pursuing an MBA course.
Why Should You Pursue MBA In Logistics and Supply Chain Management?
MBA is in great demand. So are the salary, placement rates, and application submissions. Therefore, a clear conscience and intent are imperative while pursuing MBA in logistics and supply chain management. Otherwise, there are high chances that you will be left with demotivation and disappointment. Here are some benefits of an MBA in logistics and SCM that will persuade you to take the course.
- Increases efficiency and productivity
- Higher chances of getting a competitive pay package
- Helps understand new trends in logistics and supply chain management
- Makes you akin to different logistics and SCM strategies that can be implemented in business
- Eliminates delay in the competition of work
Many Indian and international institutes offer top-notch MBA in logistics and SCM courses. If you want to gain more practical knowledge about supply chain and logistics, you can take up different certification courses. Emeritus India offers some of the best supply chain management certification courses that equip you with relevant skills and deep knowledge, and give insight into the field.