SCM Career after a One Year MBA
Updated: Feb 21
Supply chain management is a preferred career choice post one year MBA like ISB MBA or the Executive MBA from IIM. A number of factors come into consideration when making decisions while choosing a career path from an array of options for one year MBA graduates. Here is some research by our team at Goalisb to gain insights into a functional role in Supply Chain Management.
This post highlights comprehensive details about what a career in Supply Chain Management means and what it has to offer for entry-level job seekers.
What Is Supply Chain Management?
Supply Chain Management is pivotal to enterprise management for a smooth operation of the business.
The supply chain concept is complex and often includes a set of interconnected responsibilities. The main purpose of any employee in the SCM framework is to achieve efficacious integration of all the tasks that together comprise a supply chain.
This means complete synchronisation among suppliers, production or manufacturing, transportation of goods, retailer, and finally the customers.
Why Choose SCM As A Career Option Post ISB MBA?
The world economy today is largely relying on consumerism which is a sure boost for finding better supply and demand balance. The job markets are in need of skilled and efficient candidates who possess a thorough knowledge of logistics and Supply Chain Management concepts. The supply chain requires a continuous flow of production of goods, transportation and storage, and also dispatch.
Today businesses have to ensure customer demand satisfaction effectively and timely is by employing deft professionals in logistics and Supply Chain Management to gain competitive advantage.
This zone of professionals in the industry is covered by ISB MBA graduates.
Skills Necessary To Excel
To succeed in any career it is necessary for an MBA graduate to possess all the necessary skills relevant to the field. The presence of these skills makes an ISB MBA apt for any job position in their desired career. The same is true for aspirants looking for a career in Supply Chain Management.
Some of the essential skills that one needs to excel in a career in the field of SCM are as follows:
Supply Chain Management involves a comprehensive strategy building for business activities to enhance profit-making. An ISB MBA provides the appropriate business knowledge to make useful analyses and evaluations for improved Supply Chain development. A one year MBA is designed to deliver the knowledge of topics like accounting, business strategies, supply and demand interdependency, and other business skills which are indispensable for excellent Supply Chain Management. There are many one year MBA degrees in the areas of Logistics and Supply Chain Management that can prove helpful in gaining a grasp on all these topics.
Every industry today relies on technology and computer software for reducing the complexity of their jobs. Supply Chain Management requires job seekers to possess knowledge of certain industry-specific software like advanced knowledge of MS Excel, AX Dynamix, Python, SYSPRO etc.
It is possible to gather the basic working knowledge of most of such software through online courses and certifications before you start a one year MBA course. This can surely become a plus point on the resume for any entry-level or experienced job seeker.
Strategic Planning Skills
The tasks in the entire Supply Chain need to be coordinated and planned well to make sure any hurdle can be overcome. This makes the Supply Chain Management task a huge responsibility requiring intellect and sharp problem solving with strategies. Systematic planning and scheduling needs to be handled for the smooth functioning of the supply chain on a daily basis. Business strategy is also offered as a specialisation in a number of one year MBA courses.
Having Adroit Problem Solving Skills
Hurdles might be encountered in the supply chain due to a variety of reasons. Any professional in the Supply Chain Management needs to have the right skills to arrive at responsible solutions with prudent decision making. A strong problem-solving acumen in a manager can help find alternatives to problems like retailer and supplier pricing, late shipments, wrongly delivered goods, and more.
The case based approach followed in the leading one year MBA programs like the Executive MBA from IIMs and ISB MBA helps the MBA professionals to develop their problem solving skills
Understanding Career Paths
There are a variety of career domains to seek a job in the field of Supply Chain Management.
Some careers that a graduate can pursue in Supply Chain Management after a one year MBA like an ISB MBA or the Executive MBA from IIM include:
1. Design and planning of the supply chains.
2. Transportation and shipment management.
3. Management of warehouses.
4. Design of distribution networks.
The basic trajectory of a career in Supply Chain Management is pretty straight forward. They include the usual hierarchies just like any other career path.
Joining At The Entry Level
At the entry-level, the employee can obtain a comprehensive and holistic view of the Enterprise. The fledgling employee gets to work with many operational departments like Finance, Sales, Marketing, Quality, and even R&D. They get a high level of visibility as a professional in Supply Chain Management.
Reaching The Middle Management Level
An entry-level professional as Supply Chain analyst, buyer, planner, or coordinator can rise to a turning point on reaching the middle management. From here employees can seek job titles like strategic sourcing manager, supply chain manager, purchasing manager, and more. Experience in these directions is very useful for further growth in SCM.
Gain Career Success With Supply Chain Director Level
Also called the Director of Global Supply Chain, this is the penultimate point of success in SCM. This position is held by an industry expert in SCM who is responsible for the entire Supply Chain including purchasing, planning, sourcing, and all the other Supply Chain activities across geographies.
Globally Changing Trends In Supply Chain Management
The changing world economy has brought various modifications in the design and performance metrics of the Supply Chain. These changes have resulted in a gradual impact on SCM as well with respect to purchasing, planning, sourcing, and more. It is important to supplement the knowledge one receives from the one year MBA with the latest industry developments. The professors at ISB MBA and the Executive MBA from IIM however deliver contemporary sector perspectives in class. The peer network in the ISB MBA and the Executive MBA from IIMs adds immense value to the class discussion when sector specific implementation of business concepts is concerned.
The Rising Trend Of E-Commerce
The main element that impacts online Logistics and SCM activities are flourishing online businesses. This results from the popularity shift towards online transactions, last-mile delivery vendors, and third party Logistics. Consequently, the SCM framework has transformed to become even more technology-oriented than before. Engaging in live industry projects and interaction during your one year MBA or the Executive MBA from IIM shall enhance the awareness and understanding of implementing the theoretical concepts in real-time business environments.
Outsourcing Trends And Efficiency In Operations
Outsourcing of various components of the supply chain has caught on as a very lucrative SCM strategy. Nowadays companies tend to outsource manufacturing, assembly, and delivery or shipment tasks. The task at hand of a supply chain manager to coordinate these activities efficiently becomes more critical for the enterprise.
The Concept Of Lean Chain Supply Trends
The agility of the company’s entire supply chain has become a factor in the concept of the lean supply chain. This requires the integration of technology solutions with apt decision making by employees. This calls for the need to hire supply chain analysts that are highly-skilled and talented in SCM.
Changing Product Life Cycles In Market
The every changing demand of customers leads to frequent introduction and termination of products manufactured by a business. Therefore, companies need to enhance their product life cycles to incorporate efficient supply-demand balance.
Global Leaders In Supply Chain Management
There are numerous global leaders in Supply Chain Management that have transformed their business profits and market reputation with effective management strategies. They are perfect examples of enterprises that used efficient planning in their Supply Chain Management to increase their profits considerably.
Starbucks, a Seattle-based beverage company that is primarily famous for its coffee has gained enormous profits by making intelligent Supply Chain Management decisions like reduction in costs related to outsourcing and using more effective productivity metrics.
On the same lines H&M, a leading clothing brand originating in Sweden has enhanced its supply chain to become more responsive to customer needs by making it flexible and swift.
By supporting the security of its supply chain right from the harvesters to their product consumers, Nestle has immensely boosted its revenues.
Intel has brought modernisation to the entire Supply Chain Management strategy for the promotion of agility and improved decision making related to the supply chain.
The list of global Supply Chain Management leaders goes on to include brand names like PepsiCo, Unilever, Nike, and many more.
Many companies in India like Flipkart, Nissan Motor Corporation, Big Basket, and Tech Mahindra have also excelled in their business domains by a strategic restructuring of their Supply Chain Management.
Inspiring Professionals With Expertise In Supply Chain Management
To gain confidence in any career path it is important to understand some of their successful field experts. Their gradual rise to success in the field is an inspiration for choosing a career path. Supply Chain Management has seen many excellent professionals who not only lead to huge profits for their employer company but also earned fame and expertise.
Bob Ferrari is the Managing Director of Ferrari Consulting and Research Group. He is a leading expert in Supply Chain Management with his strategies involving digital framework and technological architecture for management.
Craig Fuller, the CEO of FreightWaves, has integrated modern technology tools like Blockchain for enabling impeccable potential in trucking and shipping activities of the Supply chain.
Dr. Ganapathi Pulipaka is a chief Data Scientist at Accenture with his experience of more than 20 years in using technology for the development of business solutions.
The list continues with names like Adrian Gonzalez (Adelante SCM), Lora Cecere (Founder, Supply Chain Insights), Tamara McCleary (CEO, Thulium), and many more.
We hope this blog article has invigorated your aim to assess a career option in Supply Chain Management after your one year MBA as a prepared innovator to make waves in the industry. Feel free to share/ recommend.