The PGDM in Operations and Supply Chain Management is a specialized program that equips students with essential skills to oversee business operations and supply chain functions. Graduates have promising career prospects in the manufacturing and production industries. The program prepares individuals for pivotal roles within manufacturing and its integral components, instilling essential skills for planning, organizing, and executing manufacturing, production, and supply chain operations.
Scope and Importance of PGDM in Operations, Logistics & Supply Chain Management
Varied Career Opportunities
PGDM (Operations and Supply Chain Management) students have many career prospects, including pivotal roles such as Operations Managers, Supply Chain Analysts, Logistics Coordinators, and Procurement Managers. These opportunities are prevalent across diverse sectors, including manufacturing, retail, e-commerce, healthcare, and FMCG. A 2020 report by Deloitte underscores the increasing demand for supply chain management careers, highlighting a growing demand for adept professionals capable of navigating complex networks and leveraging data analytics.
Globalization
The demand for skilled professionals who can handle international logistics and manage cross-border operations has increased due to the globalization of supply chains. A study by Gartner found that globalization has made supply chain management more complex, requiring advanced skills in risk management and strategic planning (“Key Trends in Supply Chain Management for 2023”, Gartner, 2023).
Companies are now sourcing materials and selling products globally, making it necessary to have professionals who can manage complex supply chains and logistics networks.
Skill Enhancement
As per APICS (“Skills Gap in Supply Chain Management”, APICS, 2022), developing skills in logistics management, supply chain strategy, inventory management, transportation management, and operations planning are critical, which the PGDM programs do focus on.
Sustainable Practice’s
Companies prioritize efficient logistics and operations strategies to remain competitive in today’s market. It can lead to cost savings of up to 20% of total logistics costs, as reported by McKinsey (“McKinsey on Supply Chain”, McKinsey & Company, 2023).
What Does A PGDM In Operations And Supply Chain Management Program Entail?
Operations & Supply Chain Management curriculum typically includes a blend of business management coursework and specialized modules focusing on operations and supply chain management. It allows students to engage in internships or practical projects to cultivate hands-on experience. The program is designed to equip students with a complete understanding of fundamental business management principles alongside specialized expertise in operations and supply chain management.
Key Areas Covered In The Program Include
Supply Chain Management: Comprehensive coverage of supply chain management principles, encompassing planning, procurement, manufacturing, distribution, and product reverse logistics. Students explore the various facets of the supply chain and the critical role of logistics in orchestrating the seamless flow of goods and information within the supply chain.
Logistics: Detailed examination of logistics principles, encompassing the strategic planning and administration of goods and services movement and storage. Topics include transportation, warehousing, inventory management, and the integral role of logistics in underpinning business operations.
Inventory Management: Thorough examination of inventory management principles, including strategic planning, control, and evaluation of inventory levels within an organization. This entails an exploration of diverse inventory management methodologies and the significance of inventory management in bolstering business operations.
Project Management: In-depth coverage of project management principles, encompassing project planning, execution, and control. Students gain insight into project management tools, methodologies, and the role of project management in fortifying business operations.
Quality Control: Detailed study of quality control principles, encompassing quality planning, appraisal, and enhancement of goods and services quality. Students are exposed to quality control tools, methodologies, and the role of quality control in fortifying business operations.
Job Demand For PGDM (Operations, Logistics & Supply Chain Management) Students
E-commerce
As per Statista, global e-commerce sales are expected to reach $6.39 trillion by 2024 (“E-commerce Worldwide”, Statista, 2023), and this growth necessitates skilled logistics managers and supply chain analysts to manage fulfillment operations efficiently.
Manufacturing
The Manufacturing Institute is rapidly growing and needs skilled talent to fill roles in production planning and operations management (“Manufacturing Skills Gap Study”, The Manufacturing Institute, 2021).
Retail Industry
Supply chain professionals are critical for maintaining inventory levels and ensuring availability, as the retail sector depends on effective inventory management and distribution networks. A report from the National Retail Federation stated that retail sales in the US alone amounted to $4.89 trillion in 2023.
Consulting and Third-Party Logistics (3PL)
Consulting firms and 3PL providers play a pivotal role in optimizing supply chain operations for various industries. Deloitte reports that the market for Third-Party logistics is expected to grow at a CAGR of 6.5% from 2022 to 2027. This growth leads to increased demand for supply chain consultants and logistics specialists who can drive efficiency and cost-effectiveness.
Operations Manager
Operations Managers in India typically earn ₹600,000 to ₹1,500,000 per year. (“Operations Manager Salary in India”, PayScale, 2023).
Logistics Coordinator
The average salary for Logistics Coordinators in India varies significantly, ranging from ₹300,000 to ₹700,000 per year, as reported by Glassdoor in 2023.
Supply Chain Analyst
Supply Chain Analysts in India typically earn between ₹400,000 to ₹900,000 per year (“Supply Chain Analyst Salary in India”, Indeed, 2023).
Procurement Manager
Procurement Managers in India can earn between ₹800,000 to ₹1,800,000 per year, depending on experience and organization size (“Procurement Manager Salary in India”, Salary.com, 2023).
Warehouse Operations Manager
Warehouse Operations Managers in India typically earn between ₹500,000 to ₹1,200,000 per year (“Warehouse Operations Manager Salary in India”, PayScale, 2023).
PGDM (Operations and Supply Chain Management) At VJIM
Operations specialization at VJIM focuses on providing exposure to tools and techniques to solve problems related to operations and allied issues. The operations specialization concentrates on the qualitative and quantitative approaches to solve any operational problem in all business functions. Different pedagogy methods like case studies, simulations, and field visits are used to disseminate knowledge in operations management.
Operations specialization subjects:
Core
Operations Management
Project Management
Elective
Logistics & Supply Chain Management
Supply Chain Analytics
Service Operations Management
Purchase & Negotiations Management
Total Quality Management
Six Sigma
Lean Management
Operations Research
For PGDM (Operations and Supply Chain Management) Admissions At VJIM, contact VJIM at
9849673505 or visit the VJIM Admission Link