Why Study MBA in Australia
13 September 2021
05 September 2022
Do you ever wonder how the supply of goods and products is managed and how goods are maintained in a proper ratio and quantity? The answer to these questions lies in the concept of supply chain management. Supply chain management plays a vital role in almost every industry. Basically, it bridges the gap between the demand of the consumer and the supply of the products.
Supply chain management (SCM) provides you with the knowledge to perform the functions related to the procurement of materials, the transformation of these materials into intermediate and finished products, and the distribution of these products to customers. Also, it includes the techniques and methods to lower the costs of the goods and increase productivity. The costs saving methods include reducing warehousing costs, purchasing based on supply forecast, better inventory management, and partnership with suppliers and shipping services, timely delivery of products, etc.
Apart from this, Supply chain management also helps simplify the communication and services between multiple departments and helps create a workflow blueprint that reduces costs by increasing visibility and improving the overall understanding of company needs. The course will focus on equipping students with various skills like Information Technology and Automation Knowledge, A Grasp of Economics and Market Dynamics, an Understanding of Cost-to-serve, Skill of Flexibility, Project Management Skills, the Ability to Get the Best from People, Negotiating Skills, etc.
Moreover, after completing the course, one can grab a job in various sales and production companies in various roles like Purchase Manager, Strategic Planner, Materials Analyst, Supply Chain Manager, Warehouse Manager, etc. The global average salary of professionals in supply chain management is approx. £109,500 per year.
Logistic management is the subpart of supply chain management. Supply chain management is a broader term, while logistic management is a shorter term. Also, the supply chain is a new concept, while logistic management is an old concept. Moreover, logistic management is concerned about the flow and maintenance of the goods while focusing on consumer satisfaction. Whereas supply chain management is worried about managing and coordinating the supply chain in an organisation while emphasising the competitive advantage
UK is one of the most preferred places by international students to pursue supply chain management courses. It is a home for the various growing Global Sales and Production companies, which helps the students understand the field's practical aspect and global perspective. While studying supply chain management courses in UK universities, the students can expect to develop the skills to evaluate, manage, and improve supply chain processes and understand the operational functions of businesses.
Also, most of the top UK Universities have a partnership with various industries, which provides benefits to students to learn from extensive interaction with industry and applying techniques and methods to solve supply chain management challenges. The degree obtained from the UK universities is accepted worldwide and will make your CV more appealing, helping you to grab the best jobs. Various top companies (including Airbus, Amazon, GSK, Siemens, etc.) choose their employees from the top UK universities.
After the completion of the supply chain management course, the students seek to achieve supply chain professional certification. Several certification courses are available, including APICS, CPIM, CPSM and CSCP certifications, all of which will help you excel in your career. The supply chain management courses include various modules like Supply chain finance, supply chain digitisation, humanitarian and ethical supply chain, supply chain resilience and quality management, etc.
To study supply chain management courses in UK, international students have to meet some basic eligibility criteria and require few documents.
With the growing e-retailing and globalisation, the demand for rapid delivery of goods is increasing. Also, the demand for the goods is constantly changing with the continuously changing trends. Therefore, supply chain management plays a crucial role in any industry dealing with the supply of goods or products to customers. In less than two decades, supply chain management has influenced product movement to meet consumer demand.
Moreover, with the growing competition in the market, satisfying consumer requirement is a necessary part. Supply chain management helps businesses to supply satisfactory products to their consumers and effectively and efficiently manage their operations. Therefore, supply chain management professionals are in huge demand nowadays and play a very important role in production and sales companies. Due to rising demand, the domain of supply chain management remains one of the most promising career paths one can choose.
More than 80 educational institutes in the UK offer supply chain management courses to international students. Some of the best universities for SCM are listed below:
For more information regarding the admission process to study in UK Universities and the visa process, you can take a counselling session at any branch of Meridean overseas Education Consultant (MOEC) as we provide the best consultancy and support to students who wish to study in UK universities. For further queries, you can mail at firstname.lastname@example.org or call toll-free no. 1800-1230-00011
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