What is MBA in Supply Chain Management?
Supply chain management is nothing but whatever goes in behind the scene while picking up a very basic item from a supermarket. It takes a lot for the product to reach the store and finally to you. The choice of the location of the store is also related to supply chain management. An MBA in logistics and supply chain management will include things like creating and planning a project, the production method involved, sourcing the products, cost of the product, and also distribution of the same.
Supply chain management has become the point of differentiation in a competitive business environment. The top-notch companies are running solely on the basis of supply chain management and logistics & operations. Every company is looking for employees that can give that edge to the business over others. With an MBA in logistics and supply chain management, you can offer that edge to the companies.
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Scope for MBA in Supply Chain Management
MBA in Logistics and Supply Chain Management is a postgraduate program for students who are looking forward to getting into logistics and back-end operations. It is a 2-year program that deals with different parts of businesses like retail, manufacturing, consumer products & healthcare. This course opens up a plethora of job opportunities in logistics management, transportation companies, warehouse management, distribution centers & retailers. This domain focuses on maximizing client value and gaining a competitive edge.
An MBA in logistics and supply chain management requires the candidate to analyze the market in terms of demand and supply. They are also expected to get involved in research pertaining to procurement and deployment. Other organizations may require the candidate to study the trends in fields like healthcare, manufacturing, IT, agriculture & chemical sciences. Some of the popular positions as these MBAs are hired are:
- Industry Analyst
- Logistics Manager
- Project Manager
- Supply Chain Sales
- Procurement Analyst
An MBA in logistics and supply chain management must understand the market thoroughly. They need to study the working of an organization. One has to understand the psyche of the client. The likes, dislikes, and needs. All these determine the product requirement. If all the study is in place, then the whole process becomes smooth and goes on an auto pilot mode.
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An MBA in SCM can open up a lot of opportunities in the government sector. Some of the companies where they can be recruited include shipping companies, printing, freight firms, and publishing, banking, manufacturing & mining. Apart from this, there are a lot of openings in pharma companies. With more and more drugs being invented and supplied, the demand for this profile is always on a high. The education sector is in need of professors with academic and industry experience in the supply chain domain.
Schools make sure that the students are involved in a lot of guest lectures and internships in order to give them first-hand experience of industry work culture.
Syllabus of MBA in Logistics and Supply Chain Management
MBA in logistics and supply chain management is a program that needs both theories as well as practical learning. Colleges make sure that the programs are designed in a way that the students gain a full understanding of the different aspects of the business. Some of the topics that the domain includes are microeconomics, statistics, operations, management, finance, business ethics, marketing, macroeconomics, and accounting.
Institutes also allow them to choose specializations from the following:
- Supply Chain Management
- Service Supply Chains
- Quality Management
- Business Intelligence
- Logistics
- Manufacturing Design
- Operations Strategy
Schools make sure that the students are involved in a lot of guest lectures and internships in order to give them first-hand experience of industry work culture.
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Fee Structure
All the colleges differ in the kind of fees they charge. It totally depends on the kind of faculties, infrastructure, and course structure they offer. There is no standard fee and the college administration decides on the same. On an average MBA in Logistics & Supply Chain Management fees charged by any Indian college or university will range between Rs. 200000 to Rs. 2000000.
The students must do thorough research in order to compare the fee vis a vis the facilities they offer. Awareness can help in many ways during choosing the right college that fits your requirements and budget at the same time.
MBA in Logistics and Supply Chain Management at Chitkara University
Chitkara University’s MBA in logistics and supply chain management program aims at providing students with a core understanding of the company’s supply chain management from a global perspective. The program emphasizes operations & logistics. The program will make sure that the students are ready to work in any part of the globe. They will help companies gain a competitive advantage based on the best technical and managerial competence. All this is inculcated during industry internships and in theory during classroom sessions. They also engage in a high level of integration between management techniques and the technologies.
Chitkara offers a 2-year full-time degree that includes eight trimesters of 3 months each. The program follows module-based teaching. Every module has 2 subjects of two to three credits. The university makes sure that the students are ready to take up real-world challenges from the very first day.
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