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PG Diploma in Supply Chain Management: Your Passport to a Rewarding Career

18-Feb-2022 AUTHOR - New Delhi YMCA

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In the contemporary scenario of the job market across the globe, everybody needs a degree that can help get a well-paid job in the least possible time. A PG Diploma in Supply Chain Management can be considered one of the best professional qualifications these days that can help grab a lucrative job just after you complete it from a reputed institution. Before you are fully convinced of that, you might have some questions that include:

  1. What is supply chain management?
  2. What does a career in this field entail?
  3. What can a degree or diploma in supply chain management bring to you?
  4. What are the main areas of work, etc.?
  5. What is the future in this field, overall?

This blog post covers all these questions to help all those who want to choose supply chain management as their career stream. Let’s go step by step:

 

What is supply chain management?

Before we dig deeper into supply chain management, let’s take a closer look at what it actually is. In simple words, supply chain management also referred to as logistics, involves the entire process ranging right from the manufacturing, and shipping to the systematic distribution of different products. Covering all aspects right from inventory to sales, supply chain management is the most crucial component of business through which products are bought and sold. Professionals who work in this field after earning a degree or Diploma in Supply Chain Management need to work closely with others to perform all the assigned duties in a meaningful manner.

What’s more, they also need to make sure that everything within their capacity comes to completion within a prefixed time and budget. Depending upon the nature of the position, the job duties of supply chain management professionals might vary to a large extent. There are a large number of elements involved in supply chain management. Some of them include the following:

  1. Transportation and shipping
  2. Warehousing and storage
  3. Investment recovery
  4. Procurement and purchasing
  5. Product and service development
  6. Distribution
  7. Inventory control
  8. Logistics
  9. Packaging
  10. Quality control
  11. Receiving
  12. Strategic sourcing
  13. Manufacturing supervision, and
  14. Materials management, etc.

The career stream of most professionals who enter this field after earning a degree or PG Diploma in Supply Chain Management is focused on 2 or 3 abovementioned areas. Despite anything to the contrary, it is always great to have the knowledge and understanding of the entire system to make advancements in your career. 

 

What can a degree or diploma in supply chain management bring to you?

If you want to make a career in the field of supply chain management, then you need to acquire extensive theoretical and practical knowledge followed by hands-on training. And, to gain all this, you need to earn a degree or PG Diploma in Supply Chain Management from a college or university of repute. The curriculum that you go through during your postgraduate level program will equip you with all the essential skills to shine as a supply chain management professional. You will be able to help organizations increase efficiencies and give appropriate directions to the goods’ flow from the supplying entity to the end-user.

Students will get a chance to learn the following during the program:

  1. Supply Chain Risk and Compliance
  2. Inventory Management
  3. Business Research and Analysis
  4. Principles of Supply Chain
  5. Procurement and Supplier Relations
  6. Management of Information Systems
  7. International Business
  8. Transportation and Distribution Management. 

 

Here are some crucial pointers indicating the scope and importance of a PG Diploma in Supply Chain Management:

  1. The program will provide you with an opportunity to grab jobs on the designations such as industry analyst, supply chain manager, project manager, logistics coordinator, etc.
  2. A PG Diploma in Supply Chain Management helps you become an individual contactor
  3. The program will provide you with complete knowledge of how global supply chains work
  4. It will provide you with exposure to international import-export business
  5. This program might become your passport to work in foreign countries. 

Here are some of the most common jobs that professionals can get after earning a degree or PG Diploma in Supply Chain Management from a college or university of repute:    

 

Purchasing Agent

Purchasing agents are the individuals who are responsible for buying a certain set of parts or even services that are essential for carrying out operations at a manufacturing unit. These individuals also facilitate the following in an organization:

  1. Preparing different purchase orders
  2. Soliciting bid proposals
  3. Reviewing requisitions for goods and services
  4. Negotiating and administering contracts with different representatives, suppliers, and vendors. 

 

Operations Manager

Operations managers are responsible for managing overall operations inside an organization. They are generally involved in the following job duties:

  1. Directing and coordinating different activities associated with distribution, sales, production, and pricing of different products
  2. Reviewing performance data for measuring and monitoring productivity
  3. Identifying areas that call for immediate cost reduction
  4. Bringing process improvement across areas of operations. 

 

Supply Chain Manager

Supply Chain Manager is one of the most sought-after job designations in the realm of supply chain management. These individuals are responsible for the following activities:

  1. Directing and coordinating supply chain processes
  2. Minimizing costs and improving accuracy
  3. Enhancing customer service and safety
  4. Monitoring forecasts and quotas to identify different changes
  5. Determining the effects of changes and enhancements on supply chain activities
  6. Developing procedures to enhance the coordination between supply chain efforts and other departments
  7. Having a close eye on operations across the finance, production, sales, marketing, and quality assurance department. 

 

Concluding Remarks

A PG Diploma in Supply Chain Management is one of the trending courses these days, specific to an industry that is growing by leaps and bounds across the globe. This course is much more than just an academic qualification. A PGD in Supply Chain Management prepares you for the specific requirements of the industry, taking your professional stature to the next level. New Delhi YMCA IMS is one of the best institutions to pursue this program. Established in the year 1972 under the stewardship of the late Prof. A Dasgupta, doyen of Management Education in India, IMS aims at providing Quality Management Education at par with the global standards.