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All About Supply Chains and Why That Term is So Crucial to Our Lives

Updated on: September 02, 2024

All About Supply Chains and Why That Term is So Crucial to Our Lives

Living in today's global economy, interconnected by pretty much everything, one increasingly hears the term "supply chain." But what is a supply chain, and why is it so important to our daily lives? This in-depth guide will explain in detail the intricacies of supply chains, their importance to various industries, and how a career path in supply chain management can lead to exciting opportunities. We will also describe how the focused MBA in Dual Specialization (Operations Management) at SGT University, one of the best MBA colleges in Delhi NCR and Gurgaon, brings you on a capable path in this dynamic field.


Understanding Supply Chains: The Backbone of Modern Commerce

What is a Supply Chain?

The supply chain encompasses a complete network of activities, organizations, information, and utilization of resources concerned with producing and delivering a product or service from the supplier right to the end customer. Manufacturing, supplying, warehousing, transportation, distribution centers, and retailers are part of this involved network.


The Importance of Supply Chain Management

Supply Chain Management (SCM) is defined as "the strategic alignment of business functions within a corporate organization and among businesses in its supply chain for the purposes of achieving long-term performance." SCM is important for:

  • Cost reduction
  • Increased productivity
  • Better customer satisfaction
  • Better risk management
  • Increased competitiveness

With business going global overnight, the need for experts in supply chain management for businesses has increased multifold. Therefore, most students pursuing higher studies these days pursue a Supply Chain Course.


The Impact of Supply Chains on Our Daily Lives

Supply chains play a big role in our lives by starting with the food we consume to the clothes we wear. The examples are:

  • Retail and E-commerce: Large e-stores like Amazon have totally changed the way people shop. It is good supply chain management that brings these products right to our homes within a few days or even in a few hours.
  • Food and Beverage Business: Food always passes the complex chain: from farms to a number of processing plants, distributors, and up to the grocery or restaurants situated locally.
  • Healthcare: Medical supplies, medicines, and equipment depend on resilient supply chains for them to arrive at hospitals and clinics on time.
  • Technology: The same everyday gadgets, including smartphones and laptops, are produced by means of an extremely long chain of global supplies using hundreds of suppliers and manufacturers.

The Growing Importance of Supply Chain Education

As businesses recognize the critical role of supply chains in their success, the demand for professionals with expertise in supply chain management has skyrocketed. This has led to an increase in supply chain courses focused on this field.


Supply Chain Management Falls Under Which Faculty?

Typically, supply chain management falls under which faculty? It's most commonly found within business schools, often as part of operations management or logistics departments. Supply chain/logistics is normally tagged to a business school, notably to an operations management or logistics department. An example is that at SGT University, the supply chain course is made available under the MBA in Dual Specialization course in the Faculty of Commerce and Management.


Pursuing a Career in Supply Chain Management: The SGT University Advantage

For those interested in building a career in this exciting field, pursuing an MBA with a focus on Operations Management can be an excellent choice. SGT University offers a comprehensive MBA in Dual Specialization program that includes Operations Management as one of its specializations.


Why Choose SGT University for Your MBA?

  • NAAC A+ Accreditation: SGT University is recognized as one of the Best MBA Colleges in Delhi NCR, boasting a prestigious NAAC A+ rating.
  • Industry Partnerships: The university has strong ties with various industries, providing students with valuable internship and placement opportunities.
  • Experienced Faculty: Learn from qualified professionals with extensive industry experience in supply chain management and other business domains.
  • Dual Specialization: Gain expertise in multiple areas, making you a versatile candidate in the job market.
  • State-of-the-Art Facilities: As one of the Best MBA Colleges in Gurgaon, SGT University offers modern infrastructure and resources to enhance your learning experience.

MBA in Dual Specialization at SGT University: Program Highlights

Course Name: Master of Business Administration (MBA) in Dual Specialization

Duration: 2 years (4 semesters)

Course Fees: INR 3,00,000 (Per Annum) (includes a laptop)

Eligibility: Any graduate with a minimum of 55% marks


MBA Admission 2024

For those considering MBA Admission 2024, SGT University offers an excellent opportunity to specialize in Operations Management along with another area of your choice. The program is designed to equip students with the skills and knowledge needed to excel in the field of supply chain management.


Core Subjects

The MBA program at SGT University covers a wide range of core subjects, including:

  • Fundamentals of Accounting
  • Managerial Economics
  • Business Statistics
  • Marketing Management
  • Financial Management
  • Human Resource Management
  • Operations Management
  • Strategic Management

Specialization in Operations Management

The Operations Management specialization focuses on various aspects of supply chain management, including:

  • Supply Chain Strategy
  • Logistics Management
  • Inventory Management
  • Quality Management
  • Project Management
  • Lean Six Sigma

By choosing Operations Management as one of your specializations, you'll gain in-depth knowledge of supply chain management principles and practices, preparing you for a successful career in this field.


Career Opportunities in Supply Chain Management

Graduates with expertise in supply chain management are in high demand across various industries. Some of the top job profiles include:

  • Supply Chain Manager
  • Logistics Coordinator
  • Procurement Specialist
  • Operations Manager
  • Inventory Analyst
  • Distribution Center Manager
  • Transportation Planner
  • Demand Planning Analyst

Many leading companies actively recruit professionals with strong supply chain management skills. Some top recruiters in this field include:

  • Amazon
  • Flipkart
  • Procter & Gamble
  • Unilever
  • DHL
  • Tata Group
  • Reliance Industries
  • Mahindra Logistics

Conclusion: Building a Future in Supply Chain Management

A career in supply chain management offers exciting challenges and opportunities. With businesses increasingly recognizing the importance of efficient and resilient supply chains, professionals in this field are in high demand. Pursuing an MBA with a specialization in Operations Management at SGT University can be your gateway to a rewarding career in this dynamic and essential industry.


By choosing the MBA in Dual Specialization at SGT University, you'll not only gain a strong foundation in business management but also develop the specialized skills needed to excel in supply chain management. Whether you aim to work for a multinational corporation, a logistics company, or a manufacturing firm, this program will equip you with the knowledge and expertise to succeed in the fast-paced world of supply chain management.

We're here to help you shape the future.