“Wanted: 1.4 Million New Supply Chain Workers by 2018.” Fortune Magazine proclaimed this headline back in 2014. Now we’re on the verge of 2018 and that headline seems prescient. The field of supply chain and logistics is growing fast and well-educated job candidates are needed to fill the demand.
U.S. News & World Report points to changes in tech for the growing opportunities: “Supply-chain management has recently shown up in countless publications as a hot concentration for MBAs.”
Global leaders such as Amazon, Coca-Cola and McDonald’s are setting new standards in how to capitalize on supply chains, making supply chain a value-added link in their organizations. Companies like these want supply chain leaders who deliver innovation and agility to their processes. This is why more and more businesses are hiring people with a master’s in Supply Chain Management.
International companies need to fill jobs in analytics, scheduling, project management and strategic sourcing. Here are some of the trending supply chain job titles.
Enterprise Resource Planning Consultant
ERP consultants manage business process software and help automate functions related to technology, services, HR, marketing and finance. Organizations such as hospitals, retail firms, engineering firms and global food companies such as Nestle, companies like Nike or Ford all use ERP experts to manage their business processes. According to Payscale, the average median salary is $81,460.
Logistics Project Manager
Logistics project managers coordinate purchasing, warehouse, transportation, distribution and planning. Responsibilities vary, depending on the size of the organization, but typically involve managing the logistics staff and their daily operations. Logistics positions are not limited to warehouses or trucking companies. Pharmaceutical companies such as Bristol Myers Squibb and AIG in New York, and companies managing global programs such as the Pragma Corporation in Falls Church, VA., are looking to fill these positions.
The annual median salary is $86,000.
Supply Chain Manager
Supply chain managers oversee supply chain processes. This position manages supply chain staff and relationships with vendors, suppliers, third-party sources and customers while forecasting changes in supply and demand. The supply chain manager collaborates with other departments to develop procedures for risk management and to add value throughout the supply chain. Supply chain managers are needed in various industries. For example, national pet supply company Pet Valu uses supply chain analysts to keep its lines moving smoothly. Food and beverage companies such as Coca-Cola and Hershey manage global supply chains. Clothing companies like J. Crew, HVAC companies, and computer companies such as Hewlett-Packard and Dell are all hiring supply chain managers.
The average median salary is $105,000.
Operations manager is a big responsibility no matter the size of the organization. The job often means running the overall operations. This work could include production management, management of multiple departments such as finance, marketing, production, transportation, development and HR. Operations managers are needed across industries and fields. Look for positions at schools, hospitals and production companies. Craft supplier Michaels, pet supplier Chewy, drugstore giant Rite Aid and even the NFL are looking for operations managers.
The average median salary is between $95,000‒$100,000.
Supply Chain Jobs Are Trending With Millennials
There are a lot of supply chain-related jobs to fill, and millennials are ready. In a new study, more people in their 20s and 30s are looking at supply chain as a long-term career option. “81 percent of survey respondents believe they can make a difference in the supply chain, and 88 percent said there are opportunities to advance in the field,” said APICS CEO, Abe Eshkenazi. “We see that more millennials started their career in supply chain, are moving around less, are highly satisfied with their jobs and see more opportunities for advancement in the field.”
Why a Master’s Degree in Supply Chain?
According to Logisticsdegree.net, “Many employers actually prefer a master’s degree or professional degree in this field as well. Your classes in logistics and supply chain management will cover topics such as ethics, administration, finances, organization, marketing, international business, statistics and conflict resolution.”
U.S. News & World Report hones in on why a master’s degree in supply chain prepares managers for the next step in their career. It points to the global marketplace, noting that supply chain managers need to understand how to work in the global business market with suppliers and customers around the world. A master’s program connects students with international colleagues and leaders. This prepares them for working in multicultural settings but also for the expected long and unconventional hours. Not only do plants run 24/7, but businesses run in different time zones. Supply chain managers need to be able to do business around the clock, but they will be well-compensated for their hard work. The average starting salary for managers with a master's in supply chain management is between $95K to upwards of $165K for vice president and C-suite positions.
Get ready to be Kettering Built, learn more about Kettering University Online Master’s in Supply Chain Management.