What is the Best Salary for a Supply Chain Manager in 2024? A Guide

What is the Best Salary for a Supply Chain Manager in 2024? A Guide | Supply Chain Management | Emeritus

The role of a supply chain manager has become very important to manage a large-scale business. They coordinate the flow of goods and services to maximize operational efficiency and meet deadlines. A higher salary is, therefore, a natural consideration. In this blog post, we explore the supply chain manager salary in more depth. We also look at the intricate network of logistics and supply chain management (SCM).

What is the Average Supply Chain Manager Salary in India?

law of supply and demandThe average supply chain manager salary in India fluctuates depending on experience, location, industry, and the size of the company. The national average, according to available sources, is around ₹1,797,363 annually for supply chain managers. However, it is important to remember that this is an average number, and an individual supply chain manager salary can vary above or below this figure depending on multiple factors.

ALSO READ: What is Supply Chain Management? Is it a Good Career Choice?

How Does Experience Affect the Salary of a Supply Chain Manager in India?

Experience significantly impacts a supply chain manager salary in India. Entry-level professionals in supplier relationship management with limited experience or no experience can expect a lesser annual pay of around ₹1,000,000. However, as experience grows, so does the earning potential. 

Professionals with extensive experience exceeding 10 years often manage complex supply chain activities and lead teams. This expertise can translate into a supply chain manager salary exceeding or reaching close to ₹2 million annually. In fact, companies recognize the value that experienced SCM management professionals bring in by optimizing operations, reducing costs, and mitigating risks. The salary offered, therefore, is proportionate to this value.

What are Some Tips for Negotiating a Higher Salary as a Supply Chain Manager in India?

Negotiating a higher supply chain manager salary requires preparation and confidence. Here are some key tips:

1. Research Market Rates

Explore job boards and salary comparison websites to understand the average supply chain manager salary for the appropriate experience level and location in India.

2. Quantify Your Achievements

Compile data to show your impact. In addition, to show the value you bring, highlight cost reductions, increased efficiency metrics, or successful completion of projects.

3. Target a Realistic Range

Be sure to target an acceptable salary range. To get remuneration that is slightly above the average, base the salary increase on your research and achievements.

4. Be Confident and Articulate

Clearly and professionally present your case. In addition, focus on your qualifications, experience, and value to the firm.

5. Be Prepared to Negotiate

The original offer may not be the final one. Therefore, be prepared to respond with data and justification for a higher salary in the range you are looking for.

By following these tips, you can increase the chances of securing a well-deserved higher supply chain manager salary in the Indian market.

ALSO READ: How Can Supply Chain Management Help to Future-Proof Your Business

Are There Industries in India That Pay Higher Salaries to Supply Chain Managers?

The salary of supply chain managers is generally higher in some Indian industries. A few examples of this are given below:

1. Technology

The technology sector often rewards supply chain managers with a generous pay packet because of its complex global supply chains and an emphasis on innovation.

2. Pharmaceuticals

Strict regulations and temperature-controlled logistics within the pharmaceutical industry demand skilled supply chain professionals, reflected in their competitive salaries.

3. E-commerce

The rapid growth and dynamic nature of e-commerce necessitate efficient supply chain activities. Moreover, companies are willing to pay a premium for supply chain managers who can optimize order fulfillment and delivery processes.

4. Automobiles

Supply chain expertise is important due to the complexity of production and sourcing for automotive products from abroad. This leads to a potential increase in pay.

While these are some of the top contenders, remember, company size and location can also influence supply chain manager salary within an industry.

What Additional Skills or Certifications Can Help Increase a Supply Chain Manager Salary in India?

Equipping yourself with valuable skills and certifications can significantly enhance the supply chain manager salary in India. Here are a few to consider:

1. Project Management 

Expertise in project planning, execution, and risk management, valuable for complex supply chain projects. Employers value the ability of overseeing the completion of projects, so this is a valuable addition to the skill set.

2. A Certified Supply Chain Professional (CSCP) Certification

Core supply chain knowledge and best practices are validated by industry-recognized credentials, increasing the credibility of your resume.

3. Six Sigma Certification

The efficiency of the supply chain can be significantly enhanced by the knowledge of process improvement techniques, which can lead to a higher perceived value.

4. Data Analytics Skills

More and more businesses are looking for employees with the ability to analyze data to identify trends, optimize processes, and make decisions based on data. Expertise in data analytics, therefore ensures a competitive edge.

5. Foreign Language Skills

An important asset is the ability to speak languages appropriate for your supply chain network, especially in a globalized market. In addition, it helps to facilitate global trade if professionals have knowledge of a foreign language.

By honing these skills and certifications, you can demonstrate a well-rounded skill set and potentially command a higher supply chain manager salary in the Indian job market.

ALSO READ: 5 Lean Principles to Boost Project Efficiency and Productivity

The world of supply chain management offers a very rewarding career path. Therefore, by understanding the intricacies of logistics and supply chain management, procurement, supplier relationship management, and distribution, one can become an important player in the global flow of goods. Hence, we encourage you to explore supply chain management courses from Emeritus further and discover the potential this multifaceted profession holds. 

Write to us at content@emeritus.org 

About the Author

Content Contributor, Emeritus
Siddhesh is a skilled and versatile content professional with 4+ years of experience in writing for the digital space and the screen. As a polyglot with a flair for many different languages, he specializes in creating engaging narratives. With a passion for storytelling and an unwavering commitment to excellence, he writes thought-provoking and persuasive blogs about careers in different fields. Siddhesh is a doting cat parent and has also graduated to becoming a musician after releasing his debut single on Spotify recently.
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