Master's Degrees in Supply Chain Management
The supply chain within any company involves all the people, processes and resources that are necessary to get a product manufactured, packaged, and distributed. The supply chain involves a great deal of expertise and resources, so proper supply chain management is crucial to earning profits and minimizing waste. For this reason, experienced supply chain managers are always in high demand. Supply chain management is the identification, acquisition, access, positioning and management of resources to meet an organization's strategic goals. If you'd like to work as a supply chain manager, a master's degree in supply chain management provides an advanced education to launch your career. A master's degree in supply chain management is a two to three-year graduate degree that qualifies you for an advanced position in supply chain management or can be used as a steppingstone to a doctorate degree in a related field.
Master's Degree in Supply Chain Management Success Factors
Earning a master's degree in supply chain management requires that you possess an aptitude for technology, maintain strategic skills, are an excellent communicator, are analytically-minded, and are good working with others.
Master's Degree in Supply Chain Management Duties
When you earn a master's degree in supply chain management, you learn the many duties of a supply chain manger, including product design and development, planning and policymaking, motivation, evaluation, product development, inventory control, contract development and forecasting. You'll also learn maintaining and improving quality, creating relationships with competent suppliers, setting standards for supplies, the fundamental objectives of supply chain management, such as providing an uninterrupted flow of materials, supplies and services required to operate the organization, minimizing inventory investment and loss, procuring supplies and services at lowest cost, achieving harmonious, productive working relationships with other departments, minimizing purchasing administrative costs, and improving the organization's competitive position.
Master's Degree in Supply Chain Management Curriculum
In addition to advanced coursework in the field of supply chain management, you may be required to complete a master's thesis and/or a comprehensive examination, also known as comps. A master's thesis in supply chain management is an extensive research paper on a significant topic in the field of supply chain management, while comps involve extensive testing of all the subjects pertinent to the field of supply chain management. The courses you take while earning a master's degree in supply chain management include performance measurements, negotiations, strategic alliances, new technology/software, supplier evaluation, relationship management, cost/price analysis, legal aspects of purchasing, electronic commerce, contract development, strategic planning, team building, logistics, economic forecasting, inventory control, contract management, transportation and traffic, distribution, and benchmarking.
Supply Chain Management Jobs
A master's degree in supply chain management is an advanced educational credential that will qualify you for most careers in the field of supply chain management. Supply chain management professionals find work in every industry, including manufacturing, service, governmental, educational and retail. Typical supply chain management careers include inventory manager, import/export goods manager, transportation manager, supplier relations specialist, buyer, contract negotiator, supplier selection officer, and operations manager. Typical supply chain management specializations include benchmarking, e-commerce, warehousing, recycling, technology, and customer relations.