Is a degree in logistics distinct from a degree in supply chain management?
Considering your BBA degree, you may need clarification about the differences between logistics and supply chain management degrees. That's two different things. Thus, the answer is no.
The distinctions between these two degrees will be covered in this blog article, which should give you a clear notion of which is best for you.
How do you define supply chain management?
The movement of products and services from suppliers to customers is managed via supply chain management (SCM). All stakeholders engaged in the supply chain, from raw materials to final goods, must be coordinated with and worked with regularly.
Inventory management, transportation, warehousing, customer service, and production planning are just a few of the operations under SCM's umbrella. SCM's primary objective is to efficiently and effectively manage the flow of products and services to satisfy consumer demand.
Online supply chain management programs provide various degrees, from associates to PhDs. Nevertheless, the BBA degree in supply chain management is the most often used sort of degree.
Supply chain management BBA programs typically last four years and involve a wide range of subjects, including business, economics, mathematics, and statistics.
Logistics Management: What Is It?
The control of resource movement between the point of origin and consumption is known as logistics management. In other words, logistics management includes overseeing and integrating a company's products from the point of purchase to the end of consumption.
Supply chain management includes logistics management, although the two are distinct. The fundamental distinction between supply chain management and logistics is that the latter is more concerned with the flow of commodities. Supply chain management, in contrast, emphasizes the synchronization and cooperation of all stakeholders engaged in the supply chain.
Like SCM, there are several online degree programs in logistics management. Contrary to SCM, the majority of programs in logistics management are only available at the master's level. The average time to earn a master's degree in logistics is two years, and the areas covered include customer service, warehousing, and transportation.
How Does Supply Chain Management Career Development Work?
In supply chain management, there are several job options. Some people work in customer service, transportation, warehousing, inventory management, procurement, and production planning. Others are employed in finance, marketing, or sales.
A BBA in supply chain management is often required to work as a supply chain manager. A master's degree, however, can be necessary for some employment.
The average yearly income for supply chain managers in the US is $81,390. More than $127,000 is earned annually by the top 10 percent of earnings.
The standard educational requirement for a profession in logistics management is a BBA or higher. For the majority of entry-level jobs in logistics management, a bachelor's degree is the bare minimum needed.
The typical yearly compensation for logistics managers in the US is $74,600. More than $120,000 is earned annually by the top ten percent of earners.
Functions and Duties of a Supply Chain Manager
Depending on the size and kind of the firm, a supply chain manager's functions and responsibilities change. Yet, all supply chain managers carry out a few standard tasks.
A supply chain manager's regular responsibilities include creating and executing supply chain plans, working with suppliers, maintaining inventory levels, and supervising transportation logistics.
In more prominent organizations, supply chain managers may also be in charge of sales and marketing, as well as financial planning and budgeting.
As a logistics manager, your responsibility is to plan the storage and delivery of commodities effectively. This might entail organizing timetables, arranging routes, and handling problems when transporting people. Also, you'll need to keep track of things and devise effective techniques to follow products as they travel.
Are careers in logistics in demand?
There is an excellent need for logistics employment. In this field, there are several career options. Some of the most sought-after positions in logistics are as follows:
Demand Forecasting: You will develop models that forecast future demand for products and services in this position.
Inventory Management: In this position, you are in charge of overseeing the stock of the firm. This includes keeping tabs on inventory levels, ordering fresh supplies, and ensuring supplies are accessible when needed.
Manager of Transportation: You are in charge of organizing the movement of commodities in this position. Planning routes, setting delivery times, and handling any complications that could emerge during transit are all included in this.
Customer service: In this position, you are in charge of offering top-notch customer service. This includes responding to customer questions and concerns, addressing grievances, and ensuring that clients are happy with the goods and services they get.
Handling of Materials: In this position, you are in charge of handling goods effectively and safely. This entails transporting the products to the proper storage locations after loading and unloading them.
Packaging: You'll be in charge of doing it in this position. Suitable materials must be chosen, secure packaging must be created, and products must be labeled appropriately.
Reverse Logistics: You are in charge of overseeing the return of items in this position. This includes working with suppliers, handling refunds, and ensuring that things are disposed of properly.
Order management: In this position, you are in charge of overseeing customer orders. This involves handling any arising difficulties, scheduling delivery, and processing payments.
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