Logistics and Supply Chain Management As A Profession
What is Profession?
Occupation, practice, or vocation requiring mastery of a complex set of knowledge and skills through formal education and/or practical experience. Every organized profession (accounting, law, medicine, etc.) is governed by its respective professional body.
Supply chain management describes the whole process of how one product reaches to an end user through the cumulative effort of multiple organisations. Supply chain management deals with the methods on maximizing customer value in terms of product development, sourcing, productions and the information systems that coordinate all these activities. Logistics is the process of planning, implementing, and controlling the efficient flow and storage of goods, services according to customer requirements.
What is Logistics?
“Logistics is about getting the right product, to the right customer, in the right quantity, in the right condition, at the right place, at the right time, and at the right cost (the seven Rs of Logistics)”.
What is Supply Chain Management?
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed).
What is Logistics and Supply Chain Management?
“Logistics typically refers to activities that occur within the boundaries of a single organization and Supply Chain refers to networks of companies that work together and coordinate their actions to deliver a product to market. Also, traditional logistics focuses its attention on activities such as procurement, distribution, maintenance, and inventory management. Supply Chain Management (SCM) acknowledges all of traditional logistics and also includes activities such as marketing, new product development, finance, and customer service”.
Careers in Logistics and Supply Chain Management
Career prospects for graduates of logistics and supply chain management usually involve the manufacturing industry, but many opportunities are also available within wholesale, retail and health care providers, working as: logistics engineer, logistics manager, materials manager, purchasing manager, facilities manager, supply chain analyst/manager, warehouse manager, logistics information systems manager.
Workers in the logistics and supply chain management field make sure that goods and services get into the hands of consumers. The logistics industry is an important driver of economic growth and development.
All types of businesses, big and small, need logistics managers to help with inventory and accounts receivable. A small business may have one person in charge of these duties, while large corporations have entire logistics and supply chain departments. Learn more about this career and several others with the links below:
Most people begin down a career path in this field by starting in an entry-level position and working their way up to jobs with more responsibilities and a higher salary. Manufacturing is by far the largest industry employing logisticians, with over 40% of logisticians working in some field of manufacturing. There are many different job titles in the logistics industry. Below are just a few:
- Customer Service Manager
- International Logistics Manager
- Inventory Control Manager
- Logistics Engineer
- Logistics Manager
- Logistics Services Salesperson
- Materials Manager
- Production Manager
- Purchasing Manager
- Supply Chain Manager
- Systems Support Manager
- Transportation Manager
- Vendor Managed Inventory Coordinator
- Warehouse Operations Manager
Certifications/Training: A degree in logistics and supply chain management provides you with relevant insights in market needs, planning methods and controlling flows, required to analyse logistical performances or the implementation of new logistical approaches. Students will gain management skills, planning, organizational and analytical skills as they will have to develop the ability to optimize import and export flows, and they will also acquire technology skills.
- Supply Chain Management: A Logistics Perspective By John J. Coyle et al
- Essential of Supply Chain Management by Michael Hugos
Samuel O. Masebinu, Esq.
Director of Studies, College of Supply Chain Management