LOGISTICS AND SUPPLY CHAIN MANAGEMENT: 10 REASONS TO CONSIDER A CAREER
Not sure what “logistics” and “supply chain management” mean in a professional context? Many aren’t until they understand that this industry has affected practically every aspect of their contemporary life. The logistics industry ensures that consumers may obtain goods when and where they need them.
WHY CHOOSE SUPPLY CHAIN MANAGEMENT
Logisticians supervise crucial parts of a product’s existence, such as allocation, distribution, and delivery. The demand for logistics is at an all-time high, so if you’re looking for stable, well-paying job, this could be the right field for you.
IS SUPPLY CHAIN MANAGEMENT A REWARDING PROFESSION?
According to the U.S. Bureau of Labor Statistics, careers for supply chain management majors are anticipated to expand 30% over the next ten years, substantially faster than the average for all occupations.
Supply Chain Managers have a variety of job opportunities, which makes it a suitable career choice for college graduates seeking a variety of employment opportunities. In manufacturing organisations, for instance, the Supply Chain Manager controls production and distribution to ensure that everything works properly. In other instances, individuals with this degree may work as a buyer or procurement manager for a retailer such as Walmart or Target.
Below are listed ten compelling arguments for pursuing a profession in logistics and supply chain management.
1. Job growth
Even during the depths of the Great Recession, the logistics industry expanded rapidly. Now, the profession is even more promising, as the Bureau of Labor Statistics projects a seven percent increase in employment from 2016 to 2026.
2. High compensation
In the United States, the typical annual salary for a logistician in May 2017 was $74,590, or $35.86 per hour. The lowest 10 percent according to the Bureau of Labor Statistics earned less than $44,820, while the wealthiest 10 percent earned more than $120,120.
3. Relatively low entry barrier
Logistics affords professionals the possibility to obtain well-paying employment without a graduate degree. Although some positions may require graduate degrees or other forms of advanced training, bachelor’s degree holders can typically find employment in logistics. A few employment are available to persons with an associate’s degree, although logistician hopefuls are generally recommended to seek four years of higher education. Learn more about JWU Online’s online supply chain degree programmes.
4. Opportunities for advancement
A graduate degree is not required for success in logistics, but it can pave the path for quick growth. Upper management jobs are available, but require extra education and experience.
5. International travel
Many logistics occupations demand frequent foreign travel. Although these excursions are significantly more focused on work than sightseeing, they provide a variety of opportunities for people who hope to someday break into international business.
6. Local job availability
Many prospective supply chain management experts desire to stay put rather than travel frequently. This is also conceivable in logistics, which, despite a few hotspots, has widespread appeal across a number of locations.
7. Market options
Professionals in the field of logistics can specialise in sub-sectors such as wholesaling, warehousing, and postal services. Additionally, places of employment might range from large corporations to small businesses to non-profit organisations to local and federal government agencies.
Numerous internship possibilities
Although logistics is a rapidly expanding area, many ambitious professionals are concerned about getting their first position. There are numerous stepping stones to entry-level employment, such as paid internships with organisations that may offer full-time positions to interns upon programme completion.
9. Development of transferrable talents
Many logisticians remain in the business for decades, while others utilise their acquired talents to transition into other fields. The field of logistics cultivates skills like as forecasting, workflow optimization, general management, and financial planning.
10. personal contentment
Although solid employment and excellent compensation attract many individuals to supply chain management positions, the majority prefer to remain in the sector because the work is so gratifying. According to a 2017 analysis by the supply chain management research organisation APICS, millennials view supply chain management as a growth opportunity. These optimistic employees believe they can make a difference in this sector while also experiencing personal growth and development. Ultimately, the potential of a highly fulfilling profession should be the primary motivation for any aspiring logistician to pursue a career in supply chain management.