With the globalization of supply chains, it is no surprise that their management is one of the most competitive fields in business. It is a well-established part of most organizations and is essential to their success and the caliber of their services. Even so, many workers might not have given this industry much thought previously, but it is now gaining importance in the business world. Today, nearly every organization uses a supply chain to progress and develop projects, due to which there have been breakthroughs in it, nonetheless, just like in every other discipline.
Here are some reasons why choosing a career in supply chain management would be a good decision:
- Skills Development
The supply chain management industry offers the chance to build enduring skill sets. Working as a supply chain manager for a business allows you to sharpen your communication and leadership skills. You might hone your analytical and problem-solving abilities, and your knowledge of specific procedures or materials can be enhanced by experience. However, a bachelor’s degree alone cannot be sufficient to gain all these skills.
To improve your abilities and widen your skill set, you can register in an online advanced degree program as you work. It can assist you in better comprehending the financial dynamics of a supply chain and your skills to mitigate any risks that could jeopardize effective business operations.
Many reputed universities offer online MBA degrees, like Bowling Green State University, ranked as the top university in Ohio for its affordability and quality. You can earn a BGSU supply chain MBA degree and put your foot on much more secure ground for advancement, paving the way to new chances as you gain additional skills.
- Low Entry Barrier
Although it may appear difficult to enter the logistics industry given the high earnings and development prospects, that is not the case. Many supply chain positions have a relatively low entrance barrier.
As surprising as it might sound, professionals can find well-paying employment in supply management without a graduate degree. Most people can find work in logistics with a bachelor’s degree, while some positions may call for graduate degrees or other advanced training.
In supply chain, job seekers of different backgrounds can find employment. For instance, jobs like material handling equipment operators frequently offer on-the-job training and call for no formal schooling.
For workers with a bachelor’s degree, other positions in the sector, such as logisticians or supply chain managers, are ideal.
- Vast Networking Options
A supply chain is a network of people, businesses, resources, tasks, and technological advancements utilized to create and market a good or service. It means you have plenty of chances to collaborate and network closely with various other professionals. It is a vast field for networking since it exposes one to a network of other experts and provides possibilities to form professional connections. It may include vendors, contractors, marketing experts, manufacturing specialists, transportation employees, and other supply chain managers. Besides all this, you get opportunities to attend supply chain seminars and conferences, which increase possibilities for professional growth and further improve your network.
- High Salary
Compared to other occupations with the same level of education and experience, supply chain management professionals may expect to make a competitive salary. In the US, the typical annual salary for a logistician was $77,030, according to a survey in 2021. Even the bottom 10% of those employed in the supply chain made $52,130 annually, while the top 10% earned $158,000. These numbers are impressive on their own, yet 91% of supply chain workers claim to receive additional compensation in the form of incentives and profit-sharing. However, the salary might vary based on their firm, region, and level of expertise. But all in all, this field can bring you financial stability once you go for it.
- Opportunities for internships
Even though supply chain management and logistics are expanding industries, many ambitious professionals worry about landing their first job. However, there are many paths to entry-level employment, including paid internships with businesses that might hire successful interns when the program is over.
There are many options for internships with a focus on supply chain management, as almost every prosperous organization prefers a supply chain specialist or at least someone with basic know-how. You can hone your abilities and get real-world supply chain experience once you opt for a supply chain internship. Additionally, it can add value to your resume when you apply for a job.
- Diverse Job Positions
The supply chain sector is a large, diverse industry, which means pursuing a career in it can lead to numerous significant positions. You can weigh different concentrations and specialties in your degree to determine which might be best for you when pursuing a supply chain management degree or during your internship. You can work as a distribution specialist and manage the warehouse’s capacity to acquire, store, and deliver corporate tools, materials, and products. Additionally, there is a possibility to handle day-to-day supply chain operations like production, quality assurance, and distribution as an operational manager. Many logistics companies also offer positions in fields like data science or robots as the industry is getting tech-centric.
- Different Work Everyday
Due to its dynamic nature, the industry is a fantastic alternative for those who enjoy a fast-paced environment that is constantly changing and never boring. Performing data analysis, coming up with suggestions for increased effectiveness, and helping execute new procedures can present new problems daily.
A career in supply chain management is fulfilling and satisfying because of the difference it can make and because each day is different for those who work in it. The significance of their labor motivates people to rise early the next day as they deal with fresh obstacles, working styles, and people every day. Your daily duties as a supply chain manager may alter, and taking on the role of supply chain management may present you with new and intriguing problems to handle if you prefer variation to constancy.
- Travel Abroad
Some logistics positions necessitate frequent travel abroad. Even though these excursions are far more about business than leisure, they present a variety of prospects for individuals who finally want to break into the world of international business.
It’s conceivable that you will travel to meet with other professionals if you work for a company with connections abroad. You might also travel to conferences or educational opportunities related to the supply chain.
So, it’s a benefit for a supply chain management career if you like to travel or learn new languages and build foreign connections.
Today’s supply chains are concerned with managing data, services, and products packaged into solutions rather than the availability, mobility, and pricing of physical assets as in the past.
There is much more to modern supply chain management systems than merely where and when. By pursuing a career in the supply chain, you can be sure that you’ll constantly be up to date on the newest developments and trends in the corporate world.