Potential Benefits of Earning a Masters in Supply Chain Management | MBA in Supply Chain Management
If you’re currently searching for ways to enhance your career, resuming your schooling and earning a graduate degree may just provide you with the opportunities that you covet. The key to optimizing such a degree is choosing the right graduate program. For those looking to further their careers in the business market, earning a masters in supply chain management could offer them the chance to do so. A master’s in supply chain management, when paired with your current educational background and well as your work history, could be just the ticket to opening the doors to potentially rewarding positions that may offer interesting career opportunities.
The term “supply chain” is likely one that your familiar with, yet may not have an in-depth understanding of. A basic definition of the supply chain is that it is a network pf companies or organizations that work collaboratively to bring new products to market. It encompasses all of the players in this process, including manufacturers, distributors, and retailers. With so many stakeholders involved in supplying consumers with the goods and services that they covet, it’s easy to see how inefficiencies can occur. The role of supply chain managers is to help streamline this process to help maximize its value and discover cost-savings opportunities for those businesses that they represent.
Given the broad-level understanding that an effective supply chain manager requires, it should come as little surprise that the core curriculum of a masters in supply chain management program is designed to help develop a comprehensive outlook. You may already bring a basic understanding of business principles to the table acquired through either your
undergraduate studies or your work experience; your graduate program is geared to help you build upon those. If their certain skills or fundamentals that you may be lacking, a course advisor could ask you to take leveling sources to help bolster you knowledge prior to enrolling you in the program.
Initially, your coursework may include classes on business strategy and logistics. The reason for this is that many will often confuse supply chain management with logistics. In reality, logistics refers more to the processes involving manufacturing and distribution within a single organization, whereas supply chain management is the coordination of those efforts between multiple companies. However, since successful management strategies are heavily influenced by logistics, developing an understanding of this particular business discipline is important.
In order to supplement your growing knowledge of logistical strategies, you also might also have the opportunity to take courses in business communication topics, transportation methods, purchasing and procurement processes, and supply or service sourcing. As you get further into your studies, opportunities to become involved in market research methods may also being to present themselves to you. The business journal articles and white papers that so many in the professional world rely in to familiarize themselves with the latest and greatest supply chain tips and technologies are typically written by researchers in an academic setting. You could realistically be asked to participate in such research. Popular topics specifically related to the supply chain include:
Your participation in such research could help you to gain valuable experience and expertise that may ultimately put you ahead of the pack when you enter the career candidate pool.
Speaking of careers, your masters in supply chain management might present you with a number of different potential career paths to pursue. As there are so many different roles within the supply chain, and given that the high-level knowledge gained through a graduate program, you might be qualified to pursue a number of interesting potential career paths. Some of these include: