It involves the transfer of goods and products from the point of origin to the point of consumption by bridging movement and storage of raw materials, goods work-in-process and the finished goods. On an average, organizations spend on about 50 to 60 percent of their gross revenue on
supply chain management, and therefore this department is central to improving and maintaining profitability and operational success of businesses.
As economic marketplace takes on a global perspective, the scope of supply chain management profession has altered dramatically. The ease with which you can connect to different parts of the world through internet has enabled supply chain managers to find the most optimal sources of supply and integrate and synchronize supply processes across the globe, thereby improving the overall position of the organization.
Online degree programs in this field equips students with strong verbal and written communication skills, strategic skills, a talent for data analysis and finance, and an aptitude for technology. Furthermore, it takes into consideration the global perspective, cultural dynamics, and develops the ability to build and sustain excellent professional relationships between all networks of the supply chain.
Graduates degree programs can go on to work in virtually every field, be it manufacturing, service, shipping, aviation, governmental, or retail industry. Supply
chain management profession may open a wide range of opportunities, because almost every organization whether big or small, depends on a strong supply chain and interconnected businesses.
Your job title may be varying to suit the needs of the specific organization you’re working at such as: Purchasing Director, Director Strategic Planning, Supply Chain Manager, Contract Analyst, Procurement Manager, Inventory manager, Supplier-Relations specialists. Online supply chain management degree comprises of an overall business focus and you can chose concentration in warehousing, customer/supplier relations, benchmarking, technology, transportation etc.