Scope of MBA in Logistics and Supply Chain Management

An MBA in Logistics and Supply Chain Management is a specialized degree program that concentrates on teaching students the abilities and knowledge necessary to successfully manage the transfer of goods and data from suppliers to customers. This program combines fundamental management and organizational skills training with specialized study in subjects like customer service management, warehousing and inventory management, and physically delivering items. Its goal is to give students the know-how they need to improve supply chain performance overall while maximizing effectiveness and lowering costs. Courses on organizing, implementing, and managing materials as well as a study of the entire product cycle, from the gathering of raw materials to the delivery of the finished product, may be included in the curriculum, which normally lasts two years.

What is MBA in Logistics and Supply Chain Management

• Logistics and supply chain management is a type of management that organizes, carries out, and oversees the process of moving goods and services forward and backward.

• The planning, implementation, and control of the materials are all parts of the two-year MBA in Logistics and Supply Chain Management course.

• Information administration and transportation are referred to as logistics. It concerns issues with inventory, customer service, warehouses, storage, and supply, among other things.

• This course gives a student practical planning, execution, and management expertise in the areas of transportation, products, and services. They implement tactics and choose strategically for their task.
• Through this program, the applicant may stay on track with their goals, and the employee can contribute to the development of the business while giving consumers the maximum level of satisfaction.

Scope of MBA in Logistics and Supply Chain  Management

An MBA in logistics and supply chain management offers several advantages for professionals looking to advance their careers in this field:

Expertise in Global Supply Chain Management: An MBA program specializing in logistics and supply chain management provides a comprehensive understanding of global supply chain dynamics. This expertise is crucial for managing all aspects of the supply chain, fostering agility, and ensuring efficiency.

Competitive Edge: With the increasing globalization of the world's economy, supply chain management has become a critical function for organizations. Having an MBA in logistics and supply chain management sets candidates apart in the competitive job market, making them more attractive to potential employers.

Versatility: Studying MBA in logistics and supply chain management equips professionals with a versatile skill set that can be applied across various industries Graduates can pursue diverse job roles such as industry analysts, project managers, and operations directors.

Global Career Opportunities: The skills acquired through an MBA in logistics and supply chain management open up global career opportunities. With expertise in managing the movement of goods and information, professionals can work in multinational corporations, logistics companies, manufacturing firms, and more.

Deepening Expertise: An MBA program in logistics and supply chain management delves deep into the intricacies of managing supply chains, covering areas such as strategic planning, coordination, and collaboration among stakeholders. This allows professionals to develop specialized knowledge and skills in this area.

Eligibility for MBA in Logistics and Supply Chain Management

Each college and university has established its minimal requirements for course eligibility. Most prestigious institutions and colleges adhere to the following minimal eligibility standards:

• The candidate needs to be a graduate.
• Candidates must have a bachelor's degree with a minimum GPA of 45%.
• There should be no backlog in any subject.
• SC/ST candidates are subject to 5% moderation, which means they must score at least 40% in any stream

To assess a student's eligibility, however, the majority of colleges have admission exams. There are several widely administered admission tests in India, including:

• Management Aptitude Test (MAT)
• CAT (Common Admission Test).
• CMAT (Common Management Admission Test).
• XAT (Xavier Aptitude Test)
• Gratitude Management Aptitude Test (GMAT).
• Tamil Nadu Common Entrance Test (TANCET), 
• Symbiosis National Aptitude Test (SNAP),

Syllabus for MBA in Logistics and Supply Chain Management

The program's main objective is to give students the skills they need to succeed in the corporate world, including international marketing, economic analysis, international logistics, supply chain management, international finance, warehouse management, and software for these fields. The following is a list of the MBA logistics and supply chain management courses:

First Semester subjects

The following are the MBA Logistics and Supply Chain Management first semester courses:

• Management guiding principles. In addition to understanding global management practices and their subtleties in the developing business environment, this gives students a thorough understanding of the management process in the corporate world.
• Managerial Economics - This teaches students how to make managerial decisions that will help them reach their intended economic goals, think logically while resolving business problems, and predict the future.

Subjects for the second semester

For MBA Logistics & Supply Chain Management, the second semester's courses include:

• Procurement, Storage, and Warehouse Management - This course covers the knowledge needed to run a successful and economical warehouse as well as the function of inventory in warehouse management. It offers advice on utilizing the most recent technologies, lowering inventory, managing personnel, location, and design, as well as controlling the risks associated with client market volatility.
• Marketing Management - This helps in developing marketing strategies for competitive international markets as well as understanding the fundamentals of marketing from an international perspective.

Subjects for The Third semester -

MBA Logistics and Supply Chain Management third semester courses include the following:

• Distribution management For Global Supply Chain - This will aid in comprehending the strategic function of logistics administration, studying significant modes of logistics operations, and being familiar with supply chain methods from a global standpoint.

• Applied GIS and Spatial Data Analytics - Students will gain an understanding of trade trends and patterns as well as practical skills for managing commercial information via the study of applied GIS and spatial data analytics. This also covers mapping manufacturers, customers, processing units, supplier locations, distribution hubs, and vehicle routes.
• Port and Airport Management for Logistics- The structure, purposes, and operations of ports as well as airport management for logistics will be taught to the students.

List of top 10 B-School that provide MBA in Logistic and Supply Chain Management

Here is a list of some of the top B-Schools in India that provide an MBA in Logistics and Supply Chain Management:

• Indian Institute of Management Bangalore (IIMB)
• Indian Institute of Management Kolkata
• Indian Institute of Technology Delhi (IIT Delhi)
• Symbiosis Institute of Business Management (SIBM Pune)
• Xavier School of Management (XLRI Jamshedpur)
• Indian Institute of Management Udaipur (IIM Udaipur)
• Indian School of Business (ISB Hyderabad)
• SP Jain Institute of Management and Research (SPJIMR Mumbai)
• Narsee Monjee Institute of Management Studies (NMIMS Mumbai)
• Institute of Management Technology (IMT Ghaziabad)

In the discipline of logistics and supply chain management, these B-Schools are famous for their high standards of instruction, subject matter competence, industry connections, and placement rates. The finest business school to attend depends on your career goals and preferences, thus it's important to do your study and make this decision.

Career Options, Job Roles and Salary for MBA in Logistics and Supply Chain Management

India is about to enter a Logistics and Supply Chain. With so many prospects on the horizon, the future of logistics and supply chain appears promising. The transformation of the Indian logistics ecosystem is anticipated to be driven by developments in digital technology, shifting consumer demands brought on by eCommerce, government reforms, and a change in service sourcing tactics.

Following are some of the positions that may be obtained with an MBA in logistics and supply chain management, along with job descriptions and salaries:

1. Logistics- Logistics managers are in responsible of organizing the delivery, storage, and transportation of commodities. To guarantee that the merchandise is transported and maintained effectively, they supervise and communicate with team members. Salary-  INR 5,37,050

2.Business Development Manager - A business development manager strengthens the organization's position in the market and generates financial growth. They establish the organization's long-term strategic goals, spot business opportunities, cultivate important client connections, and negotiate and close deals. They also keep up-to-date information about the state of the market. Salary- INR 5,63,600

3.Research officer- From the beginning to the end, research projects are overseen by research officers. They collaborate with coworkers and ensure that all projects and errands proceed according to schedule. Some officials or supervisors may also assist in gathering information, however this depends on the requirements of the industry. The majority of research directors and officers report transactions to superiors and various advisory committees. Salary- INR 4,00,300

4. Material Manager- Material managers are in charge of the materials stream and are responsible for maintaining accuracy and control over all product inventories, as well as all planning, purchasing, scheduling, warehouse, and cost activities, as well as receiving and dispatching. They are in charge of making sure that client orders are fulfilled on schedule. Salary- INR 6,66,500

5. Operations Manager- An operations manager is in charge of high-level HR responsibilities, including recruiting top people and establishing training standards and hiring guidelines. They also aim to enhance quality, productivity, and efficiency by analyzing and improving organizational processes. Salary- INR 6,25,700

It should be noted that the salary is an estimate and may change depending on the organization.

Conclusion

In conclusion, earning an MBA in supply chain management and logistics opens up a variety of job options. Graduates can work as supply chain managers, purchasing managers, inventory planning specialists, production planners, operations managers, supply chain leaders, and consultants, among other positions. Depending on aspects like talents, experience, and sector, income packages in this field might range from 3.5 lakhs to 30 lakhs annually.

An MBA in this field will assist you in better understanding logistics, developing the skills necessary for success, and integrating supply chain strategy and technologies.

MBA in Logistics and Supply Chain Management - FAQ’s

Ques.1 What possibilities are there for choosing an MBA in supply chain and logistics?

Ans:  You have a wide range of choices, including analyst, consultant, manager of warehouse operations, supervisor of fulfilment, expeditor, shipment coordinator, export executive, etc.

Ques.2 Is an MBA in supply chain and logistics management worthwhile?

Ans. The field of logistics and supply chain management is one that is growing and has many potential applications. It is time and money well spent. A dynamic industry is one where changes happen quickly, leading to an increase in work opportunities.

Ques.3 What are the salary packages for professionals in the field of Logistics and Supply Chain Management?

Ans. Salary packages for professionals in the field of Logistics and Supply Chain Management can vary depending on factors such as skills, experience, and the industry. On average, professionals in this field can expect salary packages ranging from 3.5 lakhs to 30 lakhs per year. However, it is important to note that these figures are indicative and can vary based on individual circumstances and the organization.

Ques.4 What are the eligibility criteria for pursuing an MBA in Logistics and Supply Chain Management?

Ans. The eligibility criteria for pursuing an MBA in Logistics and Supply Chain Management may vary from one institute to another. Generally, candidates are required to have a minimum of 45% marks in graduation from a recognized university or institution. Some colleges may also require candidates to have a valid score in entrance exams such as CAT, CMAT, or GMAT.

Ques.5 Why should I take an MBA in supply chain and logistics management?

Ans. After graduating from any stream, students are hired for MBA programs in logistics and supply chain management. Each day, there is more and more demand for these field candidates. They bring on additional staff to meet the demand.