Supply chain is here to stay and will be a top job creator for the next many decades. Industry needs knowledgeable and passionate candidates and the opportunities are many, says Pradeep Shukla
Post Graduate Diploma in Supply Chain Management is often termed as equal to an MBA in Supply Chain Management. It is a course programmed by many institutions and colleges, both Government and private to give an in-depth understanding of Management of the Supply Chain.
It is a 24 months course giving you insights and in-depth learning on many of the supply chain attributes like Inventory, Purchase, Logistics, Distribution, Supplier management, Quality Management and strategic planning. Apart from the above mentioned attributes of supply chain management it gives you a bird eye view of how it should be managed during various aspects of the value chain. Many colleges have a course like this and is available for both full time and part time students. Many colleges have now started offering these courses online also with self study mode or in alignment with study centres. Enrollment in any of these modes is a good choice during current COVID conditions. If somebody already has a formal degree you can take up PGDM - Supply Chain for career enhancement. These courses are available only for Graduate candidates. Never forget to check the authenticity of the institution. It is important that you get this diploma from a recognised University/College/Institutions.
Those who don't see supply chain as good enough would love knowing that India's supply chain costs or logistics cost is estimated to be around 13 per cent of the total GDP of India. The global average is around 8 per cent . These statistics will help you understand that there is plenty of space and creativity and efficiency that can be achieved when it comes to managing supply chains in India. Not only it employs around 8 per cent of the total workforce of India but according to NSDC it was one of the top 5 job creators in India. These courses are not worthy enough for knowledge enhancement for fresh or working executives, but it is also creating good jobs for the candidates. According to National Skill Development corporation (NSDC), India employs around 16.74 million people in the logistics sector. This will be growing to around 28.4 million workforce in a couple of years. According to a report of TeamLease India 2021 there will be a minimum 3 million jobs created by year 2022 and 120000 jobs in warehousing alone. Supply chain job requirements have been accelerated due to the current COVID situation the world is facing. This sector has seen unprecedented demand for the workforce in these tough times. The logistics workforce has been super busy despite the pandemic, because the world cannot stop and people in the Logistics workforce are on the forefront for people's lives to go on.
The PGDM - Supply Chain/Logistics is the key to acquiring knowledge and jobs in this ever-growing field. It opens plenty of opportunities for skilled people who have done this course. It opens up for you the Transportation Sector, Manufacturing Companies, Shipping and Logistics, E-Commerce sector and many product companies, apart from many unlisted sectors here. Just remember there is no company in the world that does not need a supply chain manager. These jobs are important in nature in terms of organisation and also it is a value added service to the core industry which will help organisations achieve better supply chains and cost effective solutions for better storage and movement of material.
If you get this PGDM from some well rated colleges/institutions it will open up much wider chances of you getting employment in top companies. This opens the opportunity to be employed as supply chain, Transportation, Inventory, Purchase, Supplier Network Managers and many other senior positions. These jobs can fetch you anywhere between 5 to 15 lacs per annum depending upon your work experience and other factors involved. It is one of the best courses to do because even when the markets are slowed or the growth is stagnant the job market for the supply chain market is never slow and will keep you employed even the roughest and toughest of the time, just like the COVID we are in. Across world services didn't stop in these pandemic times apart from essential services such as supply chain services. People need goods and we supply chain people to make sure it is available all across the value chain.
One thing I can say with confidence, supply chain is here to stay and will be a top job creator for the next many decades. Industry needs candidates with knowledge and passion and the opportunities are mind boggling.
