What is Supply Chain Management (SCM)
Supply Chain Management (SCM) is the management of materials, information, and finances during the process of their journey from supplier → manufacturer → wholesaler → retailer → consumer. It Supply chain management includes organising and combining the flow both within and among the entities. According to the experts, the ultimate goal of any effective supply chain management system is to minimise the use of records.
In short; supply chain management puts together supply and demand management within and across companies.
As Professor MS Prasad, ICFAI Business School, Hyderabad says, “There is a lot of scope for supply chain management (SCM) in India due to increasing uncertainty of supply networks, globalisation of businesses, proliferation of product variety and shortening of product life cycles.”
Professor Sudhakar Achath, Amrita University, Coimbatore says, “Students should be willing to pursue a career in logistics on a long term basis, as it takes significant amount of time to gain a good understanding of a supply chain. The growing technology industry, which develop SCM products and consultants in that sector are the lucrative areas for growth.”
Eligibility criteria and courses to pursue Supply Chain Management (SCM)
There are various institutes that offer courses in Supply Chain Management. These courses are offered at part-time mode, diploma level, certificate, post-graduate degree and post-graduate diploma levels.
For admission to any of these institutes to take up the above-said programmes, candidates must have passed 10+2 level examination and graduation with at least 50% marks in aggregate from any recognised institution or a university.
Top institutes to study Supply Chain Management (SCM)
- Indian Institute of Materials Management Mumbai.
- Indian Institute of Management Calcutta.
- Management Development Institute Gurgaon.
- IIM Ahmedabad
- IIM Bangalore
- IIM Kolkata
- IIM Indore
- ISB Hyderabad
- SJMSOM IIT Bombay
- NITIE, Mumbai
- NMIMS Mumbai
- SCMHRD, Pune
- Amity University
Other options/Higher degrees
Students can also go for higher degrees such as MBA in logistics, M. Sc in Supply Chain Management, transport management or logistics. While studying, students are provided with extensive on job training in the field of supply chain management, transport management, analysis data and other business related issues. Various courses offered to enter the field are:
(i) M.Sc. Logistics and Supply Chain Management.
(ii) Degree in Business Logistics.
(iii) Degree in Advanced Logistics Management.
(iv) Logistics Network Design and Supply Chain Management.
(v) Degree in Transportation Career Management.
(vi) Degree in Transportation Economics.
(vii) MBA in Logistics.
(viii) Post-graduate diploma in Materials & Logistics Management.
Students are advised to conduct thorough research before opting for any course or institute so that they get the best possible deal.