Top Reasons To Study Logistics and Supply Chain Management

If you’re looking for one of the leading business jobs to have, then logistics and supply chain management may be right for you. Whether you want to branch out on your own or start a new business, this degree can help you do it successfully.

If you are interested in working in a field that is constantly growing and has many opportunities for advancement, then you should consider a career in logistics and supply management. This field offers many lucrative opportunities and can lead to a successful and rewarding career. Let’s take a look at some of the primary reasons to consider a career in logistics and supply chain management!

What is Logistics and Supply Chain Management?

Put simply, logistics is the management of the movement of goods and resources. This can include everything from transportation and warehousing to packaging and labeling. A supply chain, on the other hand, is a network of organizations that are involved in the production, distribution, and sale of a product or service.
Supply chain management, then, is the coordination of these activities to ensure that goods and services are delivered in a timely and efficient manner. In today’s global economy, logistics and supply chain management are essential for businesses of all sizes. By understanding the flow of goods and resources, businesses can optimize their operations and improve their bottom line.

While many logistics and supply chain management jobs do not require a specific degree, most employers prefer candidates who have at least a bachelor’s degree in business, logistics, or a related field. However, with experience, many logistics and supply chain managers are able to advance to positions of higher responsibility and authority.

Why Study Logistics and Supply Chain Management?

There are many reasons to study logistics and supply chain management. Let’s Take a look at 4 of the most commonly cited reasons:

1) Logistics Jobs Are Highly In Demand
The supply chain industry is constantly growing. In fact, the Bureau of Labor Statistics projects that jobs in logistics will grow by nearly 22% by 2026! This growth is being driven by the ever-increasing globalization of businesses and the need for supply chains to be more efficient.

2) Work In A Variety Of Industries
A career in logistics and supply chain management offers the opportunity to work in a variety of industries. From manufacturing and retail to healthcare and government, supply chain professionals play a vital role in organizations of all types of industries.

3) Potential For High Paying Jobs
Supply chain management is a high-paying field. In fact, the median annual salary for supply chain managers is over $75,000! And, with the right experience and education, it’s not uncommon for supply chain professionals to earn six-figure salaries.

4) Apply Many Different Skills To Logistics
A career in supply chain management requires the use of many different skills. From project management and supply chain analysis to transportation and warehousing, supply chain professionals need to be well-rounded and have a toolbox of skills to be successful. The more you can apply knowledge from different areas such as financing, production, business development or other areas, the better it will make you at logistics and supply chain management.

Jobs You Can Work With A Degree in Logistics and Supply Chain Management

There are many different types of jobs you can pursue with a degree in logistics and supply chain management. Here are just a few examples:
– purchasing manager
– supply chain analyst
– transportation manager
– logistics coordinator
– supply chain engineer
Each of these positions offers the opportunity to use your skills and knowledge to make a real impact on an organization. Depending on your skills, interests and salary expectations, you may want to consider choosing educational courses that will prepare you for these jobs. The more you can tailor your education to the future job or industry you’d like to work in, the more value you will find in your degree.

In recent years, there has been a growing demand for jobs in supply chain sustainability, as companies increasingly seek to reduce their environmental impact. With the ever-growing complexity of global supply chains, there is no shortage of challenges and opportunities for those pursuing careers in this field.

Conclusion

If you are looking for a challenging and rewarding career, then consider studying logistics and supply chain management! With its strong job market and high salaries, supply chain management is a great field to enter. And, with the right education and experience, you can find yourself in a highly paid position with plenty of room to grow moving forward. The key is finding the right position that fills the needs you’re looking for. As with any important decision such as education or employment, the more research you can do will best set yourself up for success!

References

1) “ What is supply chain management?” IBM ( 2022):
https://www.ibm.com/topics/supply-chain-management

2) ”Occupational Outlook Handbook: Logisticians” BLS ( 2022):
https://www.bls.gov/ooh/business-and-financial/logisticians.htm

3) ”8 Different Supply Chain Careers: What Are Your Options?” Herzing College (2022)
https://blog.herzing.ca/8-different-jobs-in-supply-chain-management-and-logistics