Top 5 Jobs Abroad after studying Masters in Supply Chain Management Abroad
Kenznow introduces the Top 5 Jobs Abroad after Studying Masters in Supply Chain Management overseas to help you choose the career with is best and suitable for you as per
Kenznow introduces the Top 5 Jobs Abroad after Studying Masters in Supply Chain Management overseas to help you choose the career with is best and suitable for you as per your interest. Also, check out the Top 5 Countries to Study Masters in Supply Chain Management Abroad.
Supply-chain management has been defined as the “design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally”. Supply Chain Management drew heavily on Industrial Engineering, Systems Engineering, Operations Management, Logistics, Procurement, Information Technology, and Marketing.
Supply chains pose challenges regarding both quantity and value, professionals play major roles in the design and management of supply chains. In the design of supply chains, they help determine whether a product or service is provided by the firm itself (insourcing) or by another firm elsewhere (outsourcing). In the management of supply chains, supply chain professionals coordinate production among multiple providers, ensuring that production and transport of goods happen with minimal quality control or inventory problems. One goal of a well-designed and maintained supply chain for a product is to successfully build the product at a minimal cost. Such a supply chain could be considered a competitive advantage for a firm.
Supply chain professionals need to have knowledge of managing supply chain functions such as transportation, warehousing, inventory management, and production planning. In the past, supply chain professionals emphasized logistics skills, such as knowledge of shipping routes, familiarity with warehousing equipment and distribution center locations and footprints, and a solid grasp of freight rates and fuel costs. More recently, supply-chain management extends to logistical support across firms and management of global supply chains.
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- Supply Chain Operations Manager: Supply chain Operations management, is the management of the flow of goods and services, between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption.
Average Salary: The Average salary of a Supply Chain Operations Manager as of 2021 as per Glassdoor after studying Masters in Supply Chain Management from the top countries in the world known for their excellence in Supply Chain Management are given below:
| Country | Average Salary |
| United States of America | USD 73,900 |
| United Kingdom | GBP 47,004 |
| France | EUR 85,957 |
| Netherlands | EUR 99,698 |
| Australia | AUD 1,00,000 |
Skills Required: Supply Chain Operations Managers ensure products, services, and supplies that a company needs in order to run its operations and in order to run all functions smoothly, they need a bunch of skills. These skills include Project management, Technical understanding, Cost Accounting skills, Knowledge of Financial Statements, understanding E-Business and E-Procurement Systems, basic Understanding of cross-cultural and global issues.
Key Skills: The top software used by Supply Chain Operations Managers are E2open, SAP SCM, Logility, Perfect Commerce, Oracle SCM, Infor SCM, JDA SCM, Manhattan SCM, Epicor SCM, Dassault Systemes SCM, Descartes SCM, Highjump SCM, IFS, Watson Supply Chain, BluJay SCM are some of the examples of best Supply Chain Management Software which gives them better visibility and control with factories and retailers, as well as improves logistics and financial forecasting.
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2. Demand Planner: A Demand Planner is a person responsible for facilitating the Demand Planning process. They use data, forecasts, and experience to estimate demand, answer questions for various business needs, and enable orchestration of demand to achieve desired goals. The Demand Planner is responsible for the Demand Plan, the Demand Planning process, understanding customers and markets, and key drivers of demand and variability/volatility. They must also gather additional information from different departments and incorporate these inputs into the Demand Plan.
Average Salary: The Average salary of a Demand Planner as of 2021 as per Glassdoor after studying Masters in Supply Chain Management from the top countries in the world known for their excellence in Supply Chain Management are given below:
| Country | Average Salary |
| United States of America | USD 74,117 |
| United Kingdom | GBP 34,685 |
| France | EUR 41,960 |
| Netherlands | EUR 53,090 |
| Australia | AUD 87,047 |
Skills Required: It is very important for a successful demand planner to possess a vital skill set which includes the ability to influence as they need to influence their decisions to stakeholders across different organizational functions including vendors. Analytical capability and Data Modeling are another set of skills required for the capability to work with large datasets and develop diagnostic, predictive and prescriptive analytics models.
Key Skills: A key skill for a demand planner is the recognition that his responsibility does not end with generating a monthly forecast. On the contrary, monitoring actual demand versus the forecast throughout the month is equally critical in order to better serve key customers as well as to recognize when a change of plan is needed.
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3. Supply Chain Analyst: Supply Chain Analysts are responsible for analyzing the life cycle of how goods are moved from the planning stages to the end consumer. This includes designing and making the product (possibly in various locations), distributing it and delivering it to the final parties. Supply Chain Analysts perform the following duties; Analyzing Data, Suggesting Improvements and Interacting with people from all departments.
Average Salary: The average salary of a Supply Chain Analyst as of 2021 as per Glassdoor after studying Masters in Supply Chain Management from the top countries in the world known for their excellence in Supply Chain Management is given below:
| Country | Average Salary |
| United States of America | USD 67,611 |
| United Kingdom | GBP 31,808 |
| France | EUR 42,087 |
| Netherlands | EUR 46,989 |
| Australia | AUD 85,751 |
Skills Required: In order to be successful in their job, Supply Chain Analysts must have a variety of skills such as analytical, mathematical, logical and interpersonal along with the ability to review and analyze detailed data and make intelligent recommendations to improve business operations. For this, they need skills such as IT, Data Analysis, Forecasting, Inventory Management skills and Project Management.
Key Skills: The most important skills desired in a Supply Chain Analyst are Structured Query Language (SQL) analysis tools, Microsoft Excel, Analytical models and Mathematical analysis.
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4. Logistics Manager: Logistics managers are responsible for planning, coordinating, and monitoring logistics operations such as warehousing, inventory, transportation, and supply chain processes. Logistics managers typically supervise a team of warehouse staff or other logistics specialists. Sometimes they are in charge of a particular region.
Average Salary: The average salary of a Logistics Manager as of 2021 as per Glassdoor after studying Masters in Supply Chain Management from the top countries in the world known for their excellence in Supply Chain Management are given below:
| Country | Average Salary |
| United States of America | USD 70,954 |
| United Kingdom | GBP 43,596 |
| France | EUR 47,433 |
| Netherlands | EUR 77,664 |
| Australia | AUD 1,00,000 |
Skills Required: Regardless of the tasks done by Logistics Managers, they are essential for the smooth running of an organization and this is the reason Logistics managers need to have a set of skills in order to have smooth sailing. The most important skill is the Ability to Forecast, so as to ensure that the company is in a relatively stable market and that the company is not caught off guard by the sudden changes in the market. The other skills include Effective Resource Management, the Ability to analyze risk, A holistic understanding of Supply Chain Management in order to think more strategically and successfully achieve the goals of the organization.
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5. Procurement Analyst: Procurement analysts are responsible for building relationships between companies and external vendors. They also maintain these relationships so that they are mutually beneficial. They negotiate new arrangements for buying materials, goods, and services needed by the company while sticking to budget limitations. These professionals regularly meet with vendors in order to negotiate prices and agree on a delivery system.
Average Salary: The average salary of a Procurement Manager as of 2021 as per Glassdoor after studying Masters in Supply Chain Management from the top countries in the world known for their excellence in Supply Chain Management are given below:
| Country | Average Salary |
| United States of America | USD 67,907 |
| United Kingdom | GBP 33,024 |
| France | EUR 30,000 |
| Netherlands | EUR 53,010 |
| Australia | AUD 82,320 |
Skills Required: As Procurement Analysts negotiate new arrangements for buying materials, goods, and services needed by the company while sticking to budget limitations, they need to have strong Relationship Management skills, Strong Negotiation Skills, Time Management and Strategic Thinking.
Key Skills: A Procurement Analyst should have Computer skills, particularly in relation to inventory control software. Management and leadership skills to motivate employees across the board are also significant.
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