MBA in Logistics and Supply Chain Management at DBGI
With the rapid growth of the sectors like e-commerce, retail and manufacturing, the process of the product cycle thus the series of accumulating the raw material to delivering the final product to market has gained a lot more prominence. With the continuous steep in the number of e-commerce and retail sites, there has been an enormous need for candidates who have done MBA in Logistics and Supply Chain Management.
Logistics and Supply Chain Management are two intertwined and inseparable concepts that not merely help decrease the company’s overall costs for the generation of goods and/or services but also enhance the overall impact, and impression of the level of service for the companies’ target audience.
Logistics and SCM are slowly and steadily becoming a more and more popular domain. And, this is the reason for the unsurprising increase in the introduction of the Logistics and Supply Chain Management course at the MBA college in Dehradun, Delhi, Maharashtra, Andhra Pradesh, West Bengal and other top-ranking education capitals in India.
If you are someone who is fascinated by the field and want to build a career in it, then an MBA in the same is the best way to differentiate yourself in the job market and furthermore build the skills that could support you to unfasten some promising career paths.
This read will help you know all you need to know about MBA in Logistics and SCM. To explore it, let us begin with the basics.
What is a Supply Chain?
Going by the definition –
“Supply Chain Management (SCM) involves the management of the entire supply chain, which includes the flow of goods and services from supplier to manufacturer to wholesaler to retailer to consumer.”- Martin Christopher.
Supply Chain Management includes collaboration between firms to associate suppliers, consumers, and additional associates as a method of improving productivity, efficiency and creating value for the end consumer. The flow of raw materials and the value of the finished goods is because of the efforts of the several organizations working together as a supply chain. Logistics is just one small part of the more extensive, all-encompassing supply chain network.
What is Logistics?
Going by the definition – “Logistics is about getting the right product, to the right customer, in the right quantity, in the right condition, at the right place, at the right time, and at the right cost” – John J. Coyle et al.
In simple words, Logistics is the part of the supply chain process that outlines, designs, instruments and measures the useful, prolific forward. It is concerned with the flow of the services, goods and relevant products leading from the spot of origin to the point of consumption in order to satisfy the customer’s demands and requirements.
The objective behind logistics is to make sure the consumer accepts the aspired product at the appropriate time and place with the sound quality and price. The process of logistics can be classified into two subcategories: inbound logistics and outbound logistics.
Inbound Logistics – This covers the activities and the tasks with purchasing or obtaining materials and then managing, collecting and transporting them.
Outbound Logistics – This covers the activities and the tasks involved with the acquisition, sustenance, administration and distribution to the customer.
Other activities, such as preparing and filling orders, warehousing, handling stock and sustaining the equilibrium among supply and demand also constituent into logistics.
What is the difference between Logistics and Supply Chain Management?
While the terms can’t be used reciprocally, they do complete each other. One process is of no use without the another and thus cannot even exist. Here are some critical differences among the two terms that will aid you to keep from dimming the lines between them.
- Supply Chain Management (SCM) is a method to connect significant business processes within and beyond companies into a high-performance business model that stimulates competitive edge.
- Logistics regards to the storage, flow and movement of goods, services and information inside and outside the organization.
- Supply Chain Management focuses on the competitive advantage while the Logistics concentrate on fulfilling customer requirements.
- Logistics as a term has been in the market for a long time due to its military roots, while the supply chain management is comparatively new. However, still, logistics just remains an activity inside the process of supply chain management.
If stating the difference between the two in simple words then-
Logistics is a narrowly focused concept (narrower compared to SCM), which utterly means globalization of resource management – from each local unit to the complete network of production points. At the same time, Supply Chain Management is a more complicated division. Supply chain management involves logistics and hence offers end-to-end optimization. That is, not just merely within the company but also when operating with counterparties.
What is MBA in Logistics and Supply Chain Management about?
Now, proceeding to the MBA in Logistics and Supply Chain Management, it is a masters-level degree program that is an amalgam of a general business management curriculum with specialization courses in logistic and supply chain management. The course focuses on developing analytic and managerial skills in the fields of logistics and supply chain. The course teaches you how to think about the journey taken by your potato chips to make it to your hand, other than just eating it, and the same goes with any other product or service.
The degree covers the topics like – Commercial Geography, Logistics Management, Operational Strategic & Implementation, Liner Industry, Trade Operations, issues in Supply Chain Performance Metrics & Modelling, and recent SCM trends, etc.
What to expect from the MBA in Logistics and Supply Chain Management from DBGI?
MBA in Logistics and Supply Chain Management at DBGI is a two-year post-graduate program which is aimed to enable students to attain a comprehensive overview of logistics and SCM. The institute offers an advanced, appealing, engaging, and flexible course curriculum which is designed keeping in mind the current global marketplace scenario. The institute, through its student-oriented action learning pedagogy, makes sure to provide both the in-depth theoretical knowledge and practical exposure to the students. It provides insights into the vital business subjects covering logistics, project management, life cycle management, inventory management, and material handling.
Other than providing the pool of distinguished faculty for the academic help the institute religiously arranges guest lectures, industry visits, internships and live projects with the leading industries etc. which brings out the relevance of theoretical concepts, tools, and technology and provides unique opportunities and breakthrough solutions. Thus the MBA in L & SCM at DBGI is handcrafted to prepare the students for the lucrative and successful future in the field.
What is the Scope of MBA in Logistics and Supply Chain Management?
You have ever wondered how the coffee you sipped in the morning reached in your hands, what it takes “behind the scene” to be able to grab even the most basic item at a grocery store? When you browse through a various e-commerce website and place an order, massive supply chain activities come into action to deliver your order. In each and every sector of a country’s economy, supply chain management takes care of procurement, logistics, transportation, warehousing, fulfilment and customer service. And therefore, the Logistics and SCM sector has slowly become the backbone of growth for a country as it contributes to 13% of the country’s GDP.
And, this is the reason for the sudden expansion in the demand of the MBA in Logistics and Supply Chain Management in the various MBA college in Uttarakhand, Uttar Pradesh, Maharashtra, West Bengal and other prominent states as well. As per the vastness of the sector, and opportunities in the field, the demand of the proficient professionals in the area is increasing continuously in order to cater to the needs of the globally growing industry. The various profiles on which the aspirants of MBA in L&SCM can work are –
- Industry Analyst
- Project Manager
- Global Logistics Manager
- Transportation Director
- Supply Chain Sales
- Supply Chain Consultant
- Procurement Analyst/Purchasing Manager
- Warehousing Manager Etc.
- Logistic Coordinator
- Commercial Manager
- Operations Manager
- Purchasing Manager
- Supply Chain Analyst
- Supply Chain Planner
- Business manager
With the growing demand of the professionals in the domain and keeping in mind the leap with which the Logistics and Supply Chain Management sector has progressed a career in the field can be proven really lucrative and productive. Take the first step towards building a career in the field with an MBA degree at DBGI and kick-start your journey to success.