At the intersection of strategic and tactical, a master’s in Supply Chain Management provides individuals with a unique and desirable skillset that combines operational oversight, business analytics and data visualization within the context of global supply chains. Ultimately, a master’s in this specialized field can open up a variety of lucrative, data-driven career opportunities that ensure you never have a boring day at work again. Below are a few of the many types of supply chain management jobs that are applicable for individuals with this advanced degree.
Innovate supply chains as a supply chain manager
A natural fit for this degree, new grads can pursue a role in supply chain management utilizing skills developed within the MS program to direct and coordinate supply chain processes. In particular, supply chain managers employ data visualization techniques to monitor forecasts and quotas while also developing procedures to coordinate supply chain efforts. This position is an overlap between strategy, planning, production, procurement, logistics and distribution as well as cost management and sustainability, with the goal to limit costs and improve accuracy, customer service and safety. If your multitasking skills can handle these duties simultaneously, salaries for supply chain managers are lucrative, topping nearly $90K on average.
Negotiate as a purchasing manager
If your strengths include negotiation, data analysis, decision making and communication, a career in purchasing management may be a great fit for you. Purchasing managers are responsible for buying the best equipment, supplies and services for their company at competitive cost, all while managing the complexities of global supply chain risk. Primarily, this position requires the ability to plan and direct activities of buyers and officers involved in purchasing processes in an innovative and efficient way. The C-suite communication skills learned in an MS in Supply Chain Management program also assist in negotiating contracts and policies with suppliers and other collaborators. The average salary for this role is upwards of $70K.
Coordinate as a logistics manager
Coordination and organization are the main foci of logistics managers. They are typically involved in the international coordination of freight and inventory management in order to delight customers while minimizing risk and optimizing availability. Their day-to-day functions include coordinating a company’s purchasing, distribution, customer service and planning efforts as well as managing the personnel and systems involved in daily logistics. Since these managers are the experts of facilitating daily warehouse activities, they will also wear many different hats to ensure processes are on schedule. Key courses in a supply chain master’s program, such as Transportation and Logistics and Planning and Production, provide the skills to succeed within the planning and process facilitation of this job. Oil and gas extraction is one of the best-paying industries for logistics managers, with a mean annual salary that is more than $150K.
Command warehouse activities as a storage and distribution manager
Storage and distribution managers oversee a facility’s storage and/or distribution operations. Here is where MS in Supply Chain Management graduates can shine by applying their in-depth knowledge of how to innovate within supply chains. From there, these managers are responsible for interviewing, hiring and training personnel to ensure the most efficient workday operations. With an attention to detail and data, MSSCM degree-holders also develop and implement warehouse safety and security activities. Thus, these managers hold the key to assuring that warehouses operate properly, which is critical for successful business operations. The median salary of this position is also more than $90K.
Improve performance as an operations manager
If you would prefer to have more interactions within the overall operations of an organization, consider becoming an operations manager. These managers direct and coordinate activities dealing with production, pricing, sales and distribution. The communication skills developed with an MS in Supply Chain Management help individuals excel in working across multiple departments and teams, resulting in a more efficient organization as a whole. Operations managers can also put their newly mastered data visualization skills to work in reviewing performance data and identifying areas needing cost reductions or process improvements. According to the Bureau of Labor Statistics, the median salary for an operations manager is more than $100K.
Be a pioneer in the growing field of sales and operations planning
A supply chain role in increasing demand is a sales and operations planning (S&OP) leader. S&OP leaders serve as the nexus for balancing supply and demand and effectively manage a firms’ assets and its customer requirements. An entire growing career path exists in sales and operations planning, from analyst through S&OP regional manager to worldwide director, with responsibilities including millions of dollars of assets monthly. Starting analysts are typically offered over $80K.
Supply Chain Management is a broad field that provides opportunities for decision making at the top ranks of a company. An MS in supply chain management prepares graduates for career success within multiple business fields due to its wide array of applications. Whether you already work in a supply chain management job or are interested in pivoting your career into planning, logistics, procurement and the like, an MSSCM degree will help you accelerate in a short period of time with specialized, in-demand skills.