Colleges and Universities throughout the country are scrambling to put together programs that center around Supply Chain Management. The field is growing with the increase in globalization and firms looking to expand beyond their domestic borders. These degrees command large salaries due to the specialization of those that possess the degrees.
As technology continues to make warehousing, manufacturing, and transportation quicker, these degrees will continue to expand in importance. The article below references that firms all around the world are hiring for this type of degree. This centers around industries from the food industry, to the software industry, to retailers like Forever 21.
Popularity is not the only reason for the increase in this specialization, but the complexity of the industry is changing as well. Many firms now outsource many responsibilities of their supply chain, such as the logistics, tracking, etc. because their in-house staff is not qualified to handle the responsibility. The training and resources required to increase a firm’s capability can cost more than outsourcing some of these services. As a result, firms like Chicago’s own Coyote Logistics and Total Quality Logistics have expanded exponentially over their decade of existence, primarily due to the Third Party Logistics (3PL) industry’s growth and their ability to compile resources to help handle freight of companies throughout the world.
I personally have been pursuing a Supply Chain Management MBA for the past three years from the University of Akron, and am closing out my degree by taking my final two classes at DePaul University. Speaking from personal experience, I feel that the pursuit of my degree in this area has opened doors that otherwise would not have been opened just due to the specialization of the degree. On February 4, I started my first day at Nestle in suburban Chicago, and I feel that the Supply Chain specialization has helped me embrace the continuing excellence and Six Sigma culture much faster than some of my colleagues that started around the same time as me.
I feel for the first time in my life that the possibilities of where I can go next professionally are endless. There are many opportunities in Nestle alone that have made the degree worthwhile for me, and should you have interest in helping a firm continue to improve, I would recommend it to you as well if you are considering furthering your education.