9 Reasons You Should Study Supply Chain Management

Do you often find yourself daydreaming about a career in business and operations? If so, studying supply chain management could be the perfect fit for your professional desires. A degree or certification in supply chain management can open up two new worlds—you’ll have increased job opportunities and better potential to work with global companies. With more organizations valuing creativity, leadership skills, and strong versatility, having knowledge of supply chain management is one step ahead of the competition.

So why should you take on studying this dynamic field? Read on for nine reasons you should enter into this rewarding profession!

1. It’s a growing field with promising earning potential

As the world becomes more connected and global trade continues to expand, supply chain management has become a critical component of many businesses. The Bureau of Labor Statistics predicts that logistics and supply chain management employment will grow by 4% between 2019 and 2029. As more companies recognize the importance of efficient and effective supply chain management, the demand for supply chain professionals will only increase.

According to the Bureau of Labor Statistics, the median annual wage for logisticians was $76,270 in May 2020, with the highest 10% earning more than $118,760. By studying supply chain management and earning a graduate certificate in operations management, you can position yourself for a successful and lucrative career in this growing field.

2. You’ll have a variety of career options

Studying supply chain management can open up a variety of career options. You could work as a logistics coordinator, supply chain analyst, or procurement manager, among other roles. Additionally, if you have a graduate certificate in operations management, you can gain a competitive edge as a candidate for roles such as operations manager or supply chain analyst, where a strong background in operations management is highly valued.

3. It’s an interdisciplinary field

Supply chain management is an interdisciplinary field that combines elements of business, engineering, and operations management. By studying supply chain management, you’ll gain exposure to these different fields and develop a well-rounded skill set. This can be an advantage in various industries, as many businesses rely on professionals who can think critically and solve problems from different perspectives.

4. You’ll learn about logistics and operations

Logistics and operations are at the heart of supply chain management. When you study supply chain management, you’ll learn about the different components of logistics, such as transportation, warehousing, and inventory management. You’ll also gain an understanding of how operations management impacts the supply chain, from forecasting demand to managing production processes. By studying supply chain management, you’ll develop a strong foundation in these areas, preparing you for various roles in the field.

5. It’s essential for business success

Supply chain management is critical for the success of businesses, especially those that rely on global supply chains. By managing the flow of goods and services from suppliers to customers, supply chain professionals ensure that businesses can meet customer demand, maintain profitability, and stay competitive in the market. Companies like Amazon, Walmart, and Apple are all known for their efficient supply chain management practices, which have played a key role in their success.

6. You’ll develop valuable skills

Studying supply chain management will help you develop multiple valuable skills, such as problem-solving, critical thinking, and communication. You’ll learn how to analyze data, identify inefficiencies in the supply chain, and develop solutions to improve performance. You’ll also learn how to communicate with suppliers, customers, and other stakeholders, which will be useful in any industry. These skills will not only help you succeed in a supply chain management career but will also be transferable to other fields.

7. It’s a constantly evolving field

The field of supply chain management is constantly evolving, thanks to technological advances and global trade changes. By studying supply chain management, you’ll gain an understanding of these changes and how they impact the supply chain. For example, the use of blockchain technology is becoming more prevalent in supply chain management to improve traceability and transparency. Understanding these changes will be crucial for anyone working in the field.

8. You’ll be part of a global network

Supply chain management is an international field, meaning studying it can connect you with professionals from around the world. You’ll have the opportunity to work with suppliers and customers from different countries and gain an understanding of how cultural differences can impact the supply chain. This global network can be a valuable asset in your career, as it can provide opportunities for collaboration and business expansion.

9. It’s socially and environmentally responsible

Sustainability has become a top priority for many businesses, and supply chain management plays a crucial role in achieving sustainability goals. By studying supply chain management, you’ll learn how to implement sustainable practices, such as reducing waste and emissions and promoting ethical sourcing. Companies that prioritize sustainability are often viewed more favorably by customers and stakeholders, providing a competitive advantage in the market.

Conclusion

There are many compelling reasons why you should study supply chain management. From the growing demand for supply chain professionals to the development of valuable skills, this field offers a wide range of benefits. Studying this course will give you a deeper understanding of how businesses operate and how to improve their performance through efficient supply chain management. Whether you want to start your career or advance your skills, studying supply chain management is a smart choice. So why not take the first step today and explore your options?