Supply chains are an integral part of our lives. They are what provides us with goods from all over the world. The explosion of the e-commerce sector has made supply chains even more necessary. Supply chains are how companies manage their inventory and stock, so they can always cater to their target market. If you’ve been thinking about working in this sector, here are reasons that will solidify your decision.
Educational Requirements
Before we review all the benefits, let’s first talk about the educational requirements. If you choose to work in a managerial role, you’ll need a bachelor’s degree.You’ll also need at least five years’ experience in the field. While some do start at entry level and work their way up, candidates just entering the field need a degree. If that means returning to college, you can finance your education with student loans. You can use your loan to pay for the cost of attendance or any supplemental materials you made need while in school. The best part is, you don’t have to attend full time to be approved. Even part-time students are eligible to apply.
Qualities You Should Possess
Because the nature of the work can be fast-paced and intense, managing a supply chain requires people who are committed to the job. That said, those who apply must have the appropriate qualities and skills. The first quality every supply chain manager needs to have is being aware of other’s needs. Whether it’s wanting to ensure the company is always meeting its company motto or building a good working relationship with your colleagues, being more aware of others can make your job a lot easier. It also lets other people know you can be trusted and they can depend on you whenever they need help.
The second quality involves honing your integrity. Your work may not be easy at times, but it’s very important for you to keep a level head through it all. Showing integrity can be proving you can resolve conflict and being able to respond to situations, like mitigating risks or keeping tabs on every supplier. Supply chain managers can actually be pretty crafty. In fact, one of the unspoken duties in this career is constantly pushing past the status quo. Being creative also shows that you’re also able to change and adapt at a moment’s notice.
Effective communication goes a long way in just about every aspect of life. In the world of supply chain management, having outstanding communication skills makes it easier to keep clients and have better synergy with your teammates. Through effective communication, you’ll also be able to be an inspiration to others, who will then support you and any ideas you might have.
High Salaries
Supply chain managers can a starting salary of around $60,000. Granted, this will depend on your years of experience, your degree, and the company you work for. With APICS or ASCM certification, the median salary goes up to $80,000 to $90,000. Salary is a part of choosing the right career but remember to also consider the total compensation package before making a decision based solely on that hard number.
Job Stability
As more businesses turn towards an e-commerce model, the need for highly qualified supply chain managers will also continue to increase. The job pool will also continue to expand, making finding work easier than ever. Another perk is that even during the pandemic, most maintained their current positions in supply chain. As a qualified employee, you can feel secure knowing that the supply chain sector offers consistent work and stability.
It’s a Rewarding Position
When you like what you do, it’s evident to everyone around you. You feel more accomplished, and you walk away knowing that you’ve done a good job. Additionally, you usually also get a variety of extras like paid time off, sick pay, vacation packages and health insurance contributions.
International Travel
When you work in logistics, you might also get to travel internationally. Even though these trips are work-related, you still get to spend time sightseeing other parts of the world. You also get to meet new people who are working in the same role as you. You might even develop new friendships with people across the globe.
Internships
If you’re just starting out, management also offers opportunities for internships. Internships provide excellent opportunities to learn the ropes from higher-ups and gain insider tips. This can also open doors to a job offer or promotion. You can choose to work in a specific sector or you can apply to intern at an entry-level position.
Learn Transferrable Skills
All skillsets are not the same, so when you work in this field, you need to develop ones that you can apply as you move up the corporate ladder. From excellent communication skills to becoming a top negotiator, these are the skills you’ll master. Furthermore, you’ll also learn how to properly manage workflows, financial planning and proper financial forecasting.
