Logistics and supply chain management are becoming more and more important in the modern world, and they are key to business success. They are not just the physical movement of products from one place to another but the movement of a product through the system from the point of production to the consumer. Knowing these ideas is not just nice, it is necessary for anyone who wants to succeed in the business environment.
What is Logistics?
Logistics deals with the intricate planning and execution of large-scale operations, including people, facilities, and supplies. In its most basic sense, it is the process of handling and moving product resources through the system. This could entail anything from the management of inventories and warehouses, and transportation, to the application of information systems to monitor and regulate the movement of goods.
What is Supply Chain?
Supply chain management can be defined as the more encompassing concept that includes logistics and other processes. It defines the systems of natural and artificial processes, people, and entities that form a system that delivers a good or a service to the consumer. It covers all the activities from the procurement of the raw material to the manufacturing, handling, movement, and distribution of the final product to the consumer.
The Role of Logistics and Supply Chain Management in Business
Logistics is one of the most vital business functions in the current global world. A company that has good logistics can cut on the costs, increase the level of customer satisfaction, decrease the time lost and can easily adapt to changes in the market. In recent times, more and more companies are employing new technologies and globalization, there is a need for everyone to understand logistics and supply chain management.
Why Most People Regret Not Learning It Sooner
Many people leave college and university without a clear understanding of logistics and supply chain management; it is only when they get a job that they realise its significance. The following are some of the reasons why people wish they had understood these concepts before starting their careers:
Career Opportunities: The need for skilled logistics and supply chain management executives is on the rise. Companies are especially on the look out for graduates who have an understanding of these areas, especially those with a BBA in Logistics or logistics courses after 12th grade.
Increased Efficiency: Logistics is the study of the flow of goods and services in an organization, thus those who have the knowledge can improve on the flow of business. It is beneficial to have people who know what they are doing as this is important in today’s business world.
Market Trends: A good understanding of supply chain management helps the professionals to gain a better understanding of the market trends. They can identify potential threats and opportunities and, therefore, develop strategies to address them.
Interdisciplinary Skills: Logistics and supply chain management are interdisciplinary in nature, and they involve the application of principles from other business areas such as finance, marketing, and operations. This skill can be used in almost any industry, and thus increases the employability of the individuals.
Higher Earnings: Some of the logistics and supply chain management positions are very lucrative as they come with a high salary and other great benefits. Those who spend their time learning these skills will be in a position to demand more money from their employers.
Logistics and supply chain management: Education and career options
For those who are interested in the logistics field, there are a number of ways to gain logistics education in India. The logistics and supply chain management industries are growing and it is important that people are well prepared for the job market. Let’s take a look at the different types of educational opportunities:
- Strategic Sourcing Manager
- Operations Excellence Manager
- Global Sourcing Manager
- Business Operations Manager
- Warehouse Operations Manager
- Supply Chain Coordinator
- Supply Chain Performance Analyst
- Logistics and Transportation Analyst
BBA in Logistics
A BBA in Logistics is a perfect course for any student who aspires to work in the logistics and supply chain management field. This degree typically covers essential topics like:
- Introduction to Logistics: The basics of logistics are transportation, warehousing, and inventory management.
- Supply Chain Management: Learning about the entire supply chain, from the receiving of the raw material from the vendor to the movement of the product to the consumer.
- Quantitative Techniques and Analysis: The application of analytical techniques in the improvement of logistics decision making.
- Technology in Logistics: Learn about the ways in which technology and software are revolutionizing logistics and supply chain management.
Therefore, logistics and supply chain management are vital to the operation of any organization in the present world. This being the case, as the industry progresses, those people who understand these concepts will be in a very good position. If you are just starting your career or considering changing your career, a logistics or supply chain management course can be the difference. It is a shame that not many people learn this at an early age because it could be the key to their career!
The BBA program in Logistics and Supply Chain Management at Chitkara Business School is a three-year program, which offers students a global view of supply chain management. This program focuses on the necessity of proper operations and decision making in the growth of any business. Thus, through a combination of technical and managerial training, the program seeks to ensure that graduates are well-positioned to provide their organizations with a competitive edge in their fields of operation in various industries and in a constantly changing global market.
This course will help the students to develop skills that will enable them to critique and create changes to supply chain activities, link business activities to customer requirements and make the right decisions that affect logistics and delivery. The program includes transportation management, lean supply chain, strategic sourcing, and warehousing as some of the topics to be covered, and all this is done by experienced faculty members who make learning more practical through case studies and guest lectures. The graduates of this program will not only be theory enthusiasts but also have the necessary skills to excel in different positions within the supply chain management branch.
Also, read this blog post: What is an MBA in Supply Chain Management and Logistics? Is It Worth It?
Job opportunities are numerous, and graduates can choose to work as strategic sourcers, operations managers, supply chain coordinators, or logisticians to mention but a few. The program provides an understanding of international trade and the current developments in supply chain technologies to help students who are ready to work in international environments. The BBA in Logistics and Supply Chain Management ensures that students are able to acquire transferable skills that will enable them to succeed in a growing industry by focusing on the development of such skills.
