Growth of Logistics Industry
Gone are those days, when studying PGDM simply translated to a business degree in marketing, finance and HR. With the advent of specialized focus on various business terminals, PGDM has evolved beyond its traditional specializations. Today focus has shifted to the allied industries that provide a backbone for the existing business operations worldwide. As of 2017, credit rating agency ICRA projected that India’s logistics sector is likely to grow by about 10 per cent annually in the face of what economists claim is an apparent economic slowdown. To scale in this projected rise, the time is ripe for a career in logistics and supply chain management.
Course & Curriculum Requirements
In the age of specializations, the next thing one needs to capitalize on this opportunity is a PGDM customized with a specialization in Supply Chain Management. This course is tailor made to give you an insight into managing the entire process of linking manufacturing units to the end point, i.e., the consumer base. With a hawk –eye view into logistics this course will focus on the key supply chain functions. Studying the logistics life cycle of product will give you a proper functional understanding of business which will act as a foundation for your career.
The course curriculum should ideally cover a wide spectrum of concepts which include
- Transportation Management,
- Lean supply chain,
- Performance base logistics,
- Strategic sourcing,
- Constraints management,
- Demand management,
- Supply chain networking & design, etc. to name a few.
Servicing is a vital aspect of every business irrespective of scale. Domestic companies & MNCs are constantly on the lookout for ways to minimize their production costs, and hence are also looking for new ways to achieve this. Cost of servicing is also a vital component in this which is why a good enough stress is given on the people who are hired for the task. One does not need a PGDM to do this well. However, a specialization in supply chain management can give people an extra edge in this regard. Not only will they have a thorough knowledge of the industry but also have a fine tuned thought process in devising strategy.
Scope of Employment
A sound curriculum also prepares a b-school pass out to handle any real time exceptions efficiently. Since logistics is integral to every industry, a PGDM will give you the flexibility to apply to any sector of your choice. The major scope lies in the roles that involve
- Planning and policy making,
- Analytics & evaluation,
- Product development and
- Inventory control.
This will also help you if you plan to take the start up route. Starting your own venture in the supply chain structure will be possible for you irrespective of your location since the basic mechanics are the same.
Choosing a B-school
Many colleges have started to offer PGDM in supply chain management. So what will you consider before zeroing in on one? Always focus on the market value of the curriculum, competence of faculty members and proper affiliations. For example: NSHM Knowledge Campus is one of the largest institutes in Eastern India affiliated to WBUT, which promises to deliver a full time university master degree course (under WBUT) divided into 4 semesters fully equipped with industry ready curriculum, conducive infrastructure, industry experienced faculty and consistent accolades that make it one of the most preferred education institute.
For more details on options at NSHM click here .
To specialize in Supply Chain Management click here .