Going into management is not everyone’s cup of tea, let alone the logistical and technical part that requires real brainwork and a growth mindset that doesn’t give up. And supply chain management in particular has shown to be one of the few fields that experienced growth even during times of great recession, pandemic, and conflicts, even to this day.
So what does modern supply chain management look like, and how can this career pave the road for your future?
What Makes Supply Chain Management the Next Big Thing?
From a modern business approach, supply chain management supports any business to streamline its operations and keep ahead of competitors. So what makes it a key component now more than ever is that for modern businesses, it’s now a critical part of delivering quality products at competitive prices.
Up until recently, supply chain management has become a discipline taught in business schools, and big corporations have grown to the point of allocating divisions that are solely responsible for managing and optimizing their supply chain. This being said, small and medium enterprises usually have less expertise and resources available for optimizing their supply chain performance and are on the constant lookout for professionals who are up-to-date on the latest models and mechanisms of modern supply chain management and who will help them take advantage of some of the more accessible supply chain management tools, techniques and technologies now available.
Why Supply Chain Management is Important for Businesses?
There are countless reasons as to why SCM is crucial for any business operations, but 3 stand out, particularly in this day and age:
- Reduces operational costs: with the mess covid-19 has inflicted on strategies and operations, having a flexible and effective supply chain management force can help spot costly processes which allow a business to minimize or remove these processes, lowering operating costs, which ultimately results in more competitive pricing, and a higher profit margin.
- Ameliorates efficiency: in this point, we highlight “wastage”; may it be time, effort, or resources/materials, an effective and efficient supply chain management strategy takes it into account pulls its effort to minimize it by focusing on value-adding activities.
- Improve customer satisfaction: satisfied customers are loyal brand ambassadors. have what they want when they want it. An optimized supply chain can boost customer satisfaction and loyalty, encouraging more sales in the future and relying on two main values; trust and transparency.
Why Should You Study Supply Chain Management?
Logisticians and supply chain managers are big shots, and the majority of any workforce relies on them as they oversee important phases of a product’s life, including allocation, distribution, and delivery. If you’re someone who has an eye for details, and a curiosity in all that is procedures and technicalities, particularly to deliver quality products, then it’s a career to consider. The demand for logistics is currently at an all-time high, so if you hope to find steady, high-paying work, this might be the career for you.
A couple of points to keep in mind if you’re considering a career path in this industry:
- High local and international job availability: which directly expands to the field of international business
- Plenty of advancement opportunities and job growth: specifically for upper management jobs, but definitely requires additional education and experience
- Development of transferrable skills: forecasting, workflow optimization, general management, and financial planning.
Where to Study?
Being at the heart of La Défense, many organizations and multinational companies have their headquarters or subsidiaries settled in Paris and provide. This will directly link you to experts in the sector, without forgetting the unique and dynamic experience there that has put Paris as the economic and dynamic hub of the region, as we as a cultural capital.
As the sectors of logistics and supply chain management are expanding, potential students are always looking for programmes that will guarantee them positions in a multitude of related fields after graduating, particularly in established sectors such as industry, consumer goods and services, and international trade.
The Master in Management at EMLV is a two-year master’s fully taught in English, providing an opportunity to study in the heart of Paris’s business district. This Grande Ecole programme will give you both a practical and a theoretical approach thanks to diverse majors:
- Supply Chain Management
- Corporate Finance
- Audit and Control
- Digital Marketing Strategy
- International Business
- Marketing Innovation and Distribution
The specialty in Supply Chain Management is the perfect way to discover and experiment with the best practices of the industry. Its unique syllabus provides you with the opportunity to develop your transferrable skills, if you’ve been in a similar field before, or to gain hands-on experience thanks to real business case studies, internships, and networking events.
This is your chance to achieve your post-graduate milestone and deepen your field experience and exposure!