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Here Is Why A Supply Chain Degree IS GREAT

Here Is Why A Supply Chain Degree IS GREAT

Introduction

Hey, black climbers! I'm Antoine Wade, Founder and CEO of Black Heights. In this article, we will discuss why a degree in Supply Chain Management is the right choice for you.

On this channel, we cover topics like careers, college degrees, real estate investing, personal finance, and soft skills to help you become a ladder climber and live a successful life.

What is Supply Chain Management?

I've been in the supply chain industry for the last 18 years, and it has served me well. Supply chain management is often difficult for people to understand. When I tell people about my job, they usually ask for more details.

Supply Chain Management is basically the handling of the entire production flow of a good or service, starting from raw materials and ending with delivering the final product to the consumer. Companies create networks involving suppliers to move the product from raw materials to the final product ready for the end-user.

The Parts of Supply Chain

  1. Planning: Managing resources to meet customer demand.
  2. Sourcing: Choosing suppliers to provide goods and services needed to create the product.
  3. Manufacturing: Organizing activities to accept raw materials, manufacture, test, and quality check the product, pack for shipping, and schedule delivery.
  4. Delivery: Coordinating customer orders, scheduling deliveries, dispatching loads, invoicing customers, and receiving payments.
  5. Returns: Creating a network or process to take back defective, excess, or unwanted products.

Why Study Supply Chain?

Studying Supply Chain Management will teach you how to plan, source, make, and deliver products or services to customers. The curriculum focuses on the supply, storage, and movement of materials and finished goods. If your program includes operations management, it'll focus on the efficient and effective use of humans, machines, and other resources.

Typical Curriculum

Most schools offer a Supply Chain Management degree within their business administration program. Expect to take classes like:

  • Statistics
  • Accounting
  • Finance
  • Business Law
  • Operations Management

Core courses may include:

  • Operations Planning and Control
  • Logistics and Transportation Management
  • Purchasing in Supply Management
  • Supply Chain Analytics
  • Enterprise Planning in the Supply Chain

You'll also likely learn how to use technology and perform configurations in systems like SAP or Oracle.

Career Opportunities

A degree in Supply Chain Management prepares you for entry-level positions in purchasing, logistics, and manufacturing across various sectors like manufacturing, health, and retail. Companies recruit supply chain graduates to identify competitive issues and come up with innovative solutions.

Supply Chain majors are among the top-paid business majors, right up there with Management Information Systems and Accounting. It is considered a "millionaire degree" because if you manage your money well, you can become a millionaire.

Conclusion

I hope you found this article helpful. If you choose a Supply Chain major, you are on a good path to making bucks. Don't forget to check out my other videos, leave a comment, and give me your thoughts. I would be thrilled to hear from you!

Until next time, Peace

Keywords

  • Supply Chain Management
  • Business Administration
  • Purchasing
  • Logistics
  • Manufacturing
  • Raw Materials
  • Production Flow
  • Operations Management
  • Supply Chain Analytics
  • ERP Systems

FAQ

1. What is Supply Chain Management? Supply Chain Management involves handling the entire production flow of a good or service, from raw materials to delivering the final product to the consumer.

2. What are the main components of Supply Chain Management? The main parts are Planning, Sourcing, Manufacturing, Delivery, and Returns.

3. Why should I study Supply Chain Management? Studying Supply Chain Management teaches you how to efficiently and effectively manage the supply, storage, and movement of goods or services.

4. What kind of curriculum should I expect in Supply Chain Management? Expect to take classes like Statistics, Accounting, Finance, Business Law, and Operations Management, along with core supply chain courses like Logistics and Transportation Management and Supply Chain Analytics.

5. What career opportunities are available with a degree in Supply Chain Management? You can enter entry-level positions in purchasing, logistics, and manufacturing across various sectors like manufacturing, health, and retail.

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