Online Master in Supply Chain Management Programs

This article looks at the master in supply chain management. The degree is also known as the MBA in supply chain management. The article examines why you should consider this type of degree at the graduate level of study.

Supply chain management (SCM) is defined as the process used by organizations to ensure that the supply chain is cost-effective and efficient. A supply chain is the steps which a company takes to transform raw components into the final product. It is made up of five stages: plan, develop, make, deliver, and return. With a supply chain management MBA, you get a qualification that focuses on teaching all about supply and delivery such as customer behavior, pricing and communication with suppliers with effective financial planning and analysis. Those wishing to work in this industry will ideally need a bachelors degree or Master of Business Administration in business or logistics. The masters in supply chain management degree program, which also looks at operations and logistics is therefore a program of study for consideration for those wishing to work in business and industry.

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Selected Online Master in Supply Chain Management

Capella University

• MBA - Global Operations and Supply Chain Management

Walden University

• M. S. in Management - Strategy and Operations
• Masters of Information Systems Management - Managing Global Software & Service Supply Chains

University of Liverpool

• Masc in Operations and Supply Chain Management
• MAsc in Operations and Supply Chain Management (Oil and Gas)
• MSc in Operations and Supply Chain Management (Procurement & Sourcing)

Strayer University - Campus and Strayer University Online

• MBA: Acquisition

American InterContinental University and American InterContinental University Online

• MBA - Operations Management

Kaplan University

• MBA/Supply Chain Management and Logistics
• MS in Management/Supply Chain Management and Logistics

Supply Chain Management Education and Training

The definition of an MBA in this field is simply that the students will learn to take charge of strategies that a company uses to buy, store and supply to other businesses as well as negotiate different contracts with vendors. Once you learn all these important skills, you will be qualified and prepared to accept high profile jobs in this field of purchasing and managing inventories.

The master in supply chain management offers students best of both worlds. You masters in supply chain management study extensively looks at logistics. This type of degree is very flexible and can be taken in the evenings or weekends, or even on the Internet. In fact, it is possible to earn this degree in less than a year when you study it full time. But no matter which method you choose, you will earn a great qualification with initials MBA next to your name.

The Masters of Business Administration (MBA) in supply chain management prepares graduates to become effective leaders in the field of logistics, operations, and supply chain and logistics. The supply chain MBA initial courses include topics in finance, management, statistics and data analysis, marketing, international issues, and presentation delivery. Specific supply chain courses may include transportation distribution, basic operations, manufacturing, logistics, and procurement.

Supply Chain Management Careers

The master in supply chain management degree specializes in an integrated program dealing with advanced risk management and its effectiveness in a company chain. Employees will be able to develop skills in earnings valuations, portfolio managing and analyzing the network as well as different concepts of hedging strategies.

Cargo and shipping companies are always looking for professional candidates in Logistics. These companies work closely with airline firms and qualified candidates can have the opportunity to work outside the sector or even get transferred to other countries as coordinators, supervisors, operations managers or export executives.

If you already work as a supervisor or manager or even as an executive with a degree in business, you will have had experience with inventories, so you can consider taking a degree in supply chain management. You will get the chance to learn the ins and outs of logistics management and you can advance your career prospects by receiving promotion. Earning an MBA will provide you the opportunity to become a consultant after a few years of working in the managerial position.

Expected Salary and Projected Career Growth

A specialist with an MBA in supply chain management can expect to earn a modest salary at first and as you advance into managerial position, you can earn up to $200,000 per year. Generally, the specialist needs to obtain at least an associate degree or bachelors degree in the related field. But it would be more favorable financially to obtain a Masters of Business Administration degree as a gateway to better career prospects and higher earning potential than those in lower positions.

If you are currently employed as a chain manager, you may be earning a high salary. However, a master in supply chain management can have its advantages, such as a promotion or pay increase. So now is the time to consider obtaining such degree for better career prospects.