Logistics and operations management is an important part of any manufacturing and production company. Freight and inventory management, supply management, stock management help a company optimise cost and reach out to the customers in a shorter period. Logistics and operations are the final step towards ensuring that a brand reaches out to its customers as and when required and owing to its importance a logistics manager is highly paid by companies. In this article, we discuss how to build a career in this field and grow your career.
What are the Job Responsibilities as a Logistics Manager?
As a logistics and operations manager you are expected to:
- Coordinate the order cycle
- Negotiate with suppliers, manufacturers and retailers
- Monitor the transport cost, stock level, quantity, quality and efficiency
- Resolve conflicts with stakeholders
- Provide training to the warehouse staff
- Meet targets and deliver the goods with accuracy, within time and budget
- Follow the rules and ISO requirements
- Assess KPI and provide feedback to the management
Degrees and Eligibility
Logistics and operations are mostly available as a postgraduate course in reputed engineering and management schools in India. MBA in logistics and operations is the most popular course to get into this field. It’s always better to have an engineering degree before the MBA so that you know the technicalities of the professions. Mainly MBA in logistics and supply chain, shipping management, maritime administration, port management, Supply chain and transportation are the most popularly available degrees to join this profession.
For MBA courses, you need to have a graduate degree in any stream and qualify CAT or any other management exam. This will be followed by a group discussion and interview round. The course fees range from INR 122,000 to INR 200,000 for a 2 year course.
Where can you Study?
Some of the most prestigious institutes offering an MBA in logistics includes:
- International Maritime Academy, Chennai, (Course fee: ApproxRs. 80,000)
- International School of Business and Media, Kolkata (Course fee: Approx, Rs. 304,000)
- UPES, Dehradun (Course fee: ApproxRs. 13,34,000)
- IISWBM, Kolkata (Course Fee: Rs. 70,000)
- SIBM, Pune (Course Fee: ApproxRs. 72,600)
Type of Job Opportunities
After completing a course in logistics and operations you will be able to get opportunities in freight companies, merchant navy, cruise ship, road transport firms, administration and operations in big corporates.
The top job profiles in the logistics industry includes supply chain analyst, production planner, master scheduler, logistics manager, supply chain manager, deck engineer and inventory manager. These job roles would expect you to take care of the whole transport, stock management, product scheduling and quality control of the final products. This is an extremely responsible position and those who are working for international shipping firms, have other risks also.
Becoming a logistics manager takes time and is a stressful job. Any kind of mishaps, theft, product damage and you come in front of the firing line. So, it is necessary to take the training period seriously and know the rulebook by heart. The more you will know the laws, you can tackle court cases and litigations by client companies in case of damages; be it in road accidents, or pirates or any natural disasters.
Salary in the logistics sector is decent and has unlimited potential once you join the international organizations. On completing your MBA, you can expect a starting package between Rs 4.5-6 lakhs per annum and with experience it will grow normally. In about 15-20 years getting a Rs 50,00,000 – 80,00,000 per annum is possible and as said earlier, this is a rewarding career with a lot of perks.
Logistics industry is going through a rapid transformation. With the growth of robotics and automations, the warehouses are into the fifth generation of tech upgradation. Manufacturing hubs like China, Germany, South Korea, USA and others are scaling up their logistics infra with an eye on point to point delivery and within the stipulated time. By 2030, 60% of the world population will be living in cities, as studies suggest. So be it apparels, foods, heavy machinery you will need them to build and feed the consumption demand. The potential is going to be huge.
As logistics requires a strong idea in production and operations you can take lessons from highly qualified tutors, here at MyFavTutor. There are industry professionals with years of experience who would prepare you for a career in logistics. Visit the website and start learning management lessons at the earliest. Also, Mock test on CAT/MAT and other exams which would help you pursue a logistics career or any other field of management. Visit the website now to choose from the best faculties and improve your career prospects.