Whether it is the company that sources, assembles and delivers all the parts of a refrigerator, or your neighbourhood grocery store which sources fresh produce for you everyday, we all experience the results of how businesses organise their logistical operations.
Supply Chain Management basically comprises of a whole gamut of activities from one end to the other, starting from managing supply and demand, and procuring and sourcing raw materials or parts, to manufacturing and assembly, warehousing, tracking inventory and delivery to the customer. This field requires business skills to manage inventory, source supplies, and manage distribution.
Thanks to globalisation, companies are increasingly required to improve scalability of their operations, while reducing cost of manufacturing.
A master’s degree in Logistics and Supply Chain Management focuses on management science in general, and the analytical aspects of logistics issues in specific. As part of the MSc in Logistics and Supply Chain Management degree, many colleges offer compulsory and optional modules, and a project that will give you hands-on experience. While the compulsory modules will give you a general overview of management principles, the optional modules allow you to specialise in areas that particularly interest you. These include strategic supply chain management, forecasting, global sourcing, pricing and revenue management.
Completion of a bachelor’s degree that includes mathematics, statistics, science, engineering, business studies or economics will prepare you for the master’s course. Generally applicants show evidence of quantitative problem solving skills are preferred.
Most leading UK colleges have good industry contacts which you can leverage to find placements in your field. Guest lectures and field trips broaden your perspective and keep you in touch with the latest technologies and trends in logistics and supply chain management.