The demand for Supply Chain Management graduates has reached an all time high and is expected to increase by 22% within the next 10 years. The creation of a finished product from its raw materials has become, in many ways, more complex because there are more moving parts to the puzzle, and these parts can be anywhere around the world.
With today’s complex marketplace, the supply chain resembles more of an intricate supply web. Companies must work with designers, developers, suppliers, manufacturers, logistical coordinators, wholesalers, retailers, all of which may have dozens or even hundreds of hands tending to a product before it leaves their care. Any miscommunication between these individuals can result in significant financial loss.
Supply Chain Managers, like orchestra conductors, must understand the “big picture” for what the completed orchestral piece should sound like, but they need to understand each instrument well enough to direct the individual musicians. Likewise, Supply Chain Managers cannot be familiar with just each step in the production process. He or she must skillfully detect areas of inefficiency, and provide solutions to ensure that each company in the chain is performing at maximum capacity.
Ultimately, Supply Chain Managers provide oversight to the entire process, helping ensure that a product is completed on time, and under budget. As such, their job can be considered challenging, especially if they are academically ill equipped. They must possess the savvy to negotiate contracts and coordinate events between very diverse sectors of the industry.
Each year, companies lose hundreds of thousands of dollars to inefficient processes. In many cases, supply chain management may be the only thing standing between profit and loss. Companies have a vested interest in maintaining an efficient flow of information and resources, ensuring that losses are minimized, and profits are maximized. This means, companies have a vested interest in finding well trained supply chain management degree graduates.
Degrees in Supply Chain Management lead to numerous opportunities. Any size company can benefit from the insights and work of a skilled supply chain manager. They can go by a variety of names: logistician, purchasing manager, cost estimator, industrial production manager, management analysis, operation research analyst, and many more. All of these titles have one main thing in common: they are the make-it-or-break-it backbone of the company.
Given a company’s reliance on its supply chain managers, it’s no surprise that they want the best graduates from the best schools. The good news: you can find quality online Supply Chain Management degrees from top-ranked, respected universities. The better news: we have done the research for you, and bring to you The 20 Best Online Supply Chain Management Degree Programs.