Every parents or guardian wish for lucrative white-collared job for their children or wards and so they invest huge sums of money in their education. Today, the scope of a career in MBA in Logistics and Supply Chain Management encompasses excellent job opportunities on account of the fact that the requirement for the number of warehouse managers is estimated to rise up to 35,000 from the current 14,000 by the year 2015.
In order to accomplish their dreams most students avail education loans from banks and other financial institutions because a career in MBA usually comes with high education costs. Therefore, students aspiring to pursue MBA course are generally to put to the difficult task of selecting the best area of business management study.
The organized sector of logistics and supply chain in the market is an integral part and parcel to every industry and hence, it is considered to be the prime component in the functions of all these sectors. The fact that the industrial economy is booming have a larger positive outcome on the logistics and supply chain sector. The primary objective of logistic management is to collect raw materials from the suppliers and deliver the finished goods to the end customers. While supply chain management is all about the managing the organizations involved in the trading process inclusive of the logistics and movement of manufacturing units from raw materials to the finished products to the customers. In short, the entities involved in the supply chain are the manufacturers, service providers, distributors, sales channels and the end users or the customers.
As a matter of fact, the logistics sector work in close nexus with almost all the other industries such as airlines, international trade, IT, military and national defense, natural gas, mining, public transportation, railways, food & grocery, retail, hotel and hospitality and so forth. The Indian domestic logistics industry is estimated to generate business worth $110 billion in the next two years. Procuring an MBA in Logistics and Supply Chain Management helps you to technically develop critical thinking, analytical and problem solving skills which are essential in exercising business management in complex and situation based business scenarios. The academic learning aims to enable MBAs to apply the theory, knowledge and understanding of business and business processes involved to the logistics and supply chain.
India’s emergence as the second fastest growing economy in the world has also led to the rapid growth of the logistics industry. Consequently, logistics and supply chain managers are in great demand and the resources employment opportunities have widened by leaps and bounds. Many institutes like Institute of Logistics and Aviation Management (ILAM), ICFAI and National Development Institute offers relevant MBA programs. In sync with other MBA profiles, managers in logistics and supply chain management are paid handsome remuneration and other perks. If you are interested in this stream of MBA, rest assured you have made the right choice.
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