The global markets that are emerging today, shortening of product lifecycle, changing compliance needs, channel consolidation, and outsourcing o operations have added to the intricacy of the supply chain. This complexity, together with pressure to increase the value of shareholder, the revenues, and slash the cost of operations are compelling organizations to reorganize the way they function and design modern solutions. It is a known fact today that it is insufficient to curb costs alone, but the growth in revenues depends on the way they manage their supply chain and thus offer a competitive perimeter. It is important to understand the mindset of customers and establish fool-proof links with suppliers, and customers to get a clear picture of supply and demand. Therefore, logistics, or the flow of material from the point of origin to its destination, focuses on the tactics, technologies, and processes needed to boost growth and profitability across the whole supply chain.
Supply Chain Management (SCM) offers a very broad range of job opportunities. Globalization of economic activities, requirement for precision of information, and volatility of the global economy have made it clear that there is no standardization in career path, in supply chain/logistics. The candidates are in control of their own destiny and are offered hundreds of career paths. Thorough knowledge of basic business skills, the process of supply chain, and work experience or internship will give the candidates aspiring to take up manufacturing, retailing, transporting, and running a third-party logistics firm or similar fields as their career. Entrants generally start as a management trainee, front-line supervisor or an analyst. As they display managerial capabilities, they can progress up in the position to shoulder greater responsibilities. There is no standardization in educational requirement. The common certificates include CPIM (Certification in Production and Inventory Management) and Certified Purchasing Manager (CPM).
On an average, a supply chain manager can earn between $50,000 and $123,000 annually. The field is too large to stipulate any fixation in the expected salary. At the entry level, a person can probably make $32,000 to $64,000 per year, depending on the educational background, geographic region, experience, industry involved in, and other related factors. A person who demonstrates keen business acumen will surely get frequent raises and be able to be in a stronger financial position. A typical SCM position offers a whole array of extra benefits and perks.
The career outlook for supply chain and logistics seems healthy, especially for those who grow with the company, rather than mid-career job seekers. The number of companies which are reorganizing themselves around supply chain management is on the rise. As with all other sectors, supply chain was hit by the downturn in the economy, yet things are beginning to look up again. The fascinating and diverse industry holds attractive opportunities for energetic, talented, and enthusiastic recruits. There is an extensive range of duties available in this industry, exposing the employees to a variety of experiences and training. Job prospects in this field are bright because of the establishment of large chain stores catering to the public demands.