MBA in supply chain management is essential for employees to help companies cut excess costs, increase revenues, ensure quick delivery of products and services to the consumers. A Survey conducted on Supply Chain Management in 2017 indicated that 80% of young supply chain professionals had made the right career choice.
Supply Chain refers to coordination among network of companies to deliver a product to market which includes activities like procurement, distribution, maintenance, and inventory management. Extremely broad business of Logistics and Supply chain involves unique management and business models. Supply chain represents a connected network of technologies, activities, resources, individuals and organizations involved in manufacturing and marketing products or services. The chain starts from delivery or supply of raw materials to the manufacturer and ends with the final product delivered to the end consumer. Significant level of innovation is being witnessed in supply chain processes and technology to avoid negative impact on the performance of the business. The focus lies in simplifying the complex process of quickly delivering quality products to meet customer satisfaction.
Supply Chain Management (SCM)
Supply Chain Management (SCM) acknowledges all activities of new product development, marketing, finance and customer service. Supply chain management deals with planning, implementation and control of flow and storage of goods and services from the point of origin to consumption. Supply Chain network within organizations has upstream and downstream linkages with different activities and processes to produce value in products and services delivered to consumers. Supply chain management of goods and services includes all the processes that transform raw materials into finished products in order to maximize customer value and gain a competitive advantage in the market.
SCM oversees each point from initial creation to the final sale of a product or service so as to increase revenues and decrease costs. SCM represents active streamlining of supply activities and efforts made by suppliers to develop and implement efficient and economical supply chains from product development to manufacturing. SCM uses information system in an attempt to centrally control or link production, internal inventories and ensure faster distribution. SCM involves efforts of internal production, distribution, sales and inventories of the company and various organizations that make up a supply chain. Supply chain management ensures to avoid shortages and minimize costs by targeting logistics and purchasing inventory. Good supply chain management can avoid expensive recalls and prevent lawsuits.
MBA Program At Rushford
Every organization is affected locally and globally by the largest and fastest-growing areas of business logistics and supply chain management. The management of the supply chain has a global footprint with logistics as a critical success factor that can have a direct positive impact on increasing speed and lowering cost. The involvement of suppliers, logistics companies, warehouse and transport providers, natural phenomenon, anthropogenic disasters and other factors can influence the outcome significantly. The skilled Professionals in supply chain and logistics advise on decreasing risks and increasing efficiency through management of stakeholders, automated activities, warehousing, manufacturing optimization and risk management. MBA programs in supply chain management are of great interest to seasoned managers and executives. With significant understanding of logistics and supply chain, MBA graduates can create or enhance career options to acquire positions of purchasing or strategic sourcing manager, logistics or transport manager, logistics director or supply chain consultant, IT and finance roles.
MBA In Supply Chain Management (SCM)
MBA in Supply chain management is a professional master level degree program blended with a general business administration curriculum that specializes in supply chain management. The Rushford MBA in Logistics and Supply Chain Management focuses on management and operation functions within the supply chain and logistics. The Rushford program in Logistics and Supply Chain Management targets skill building and imparts knowledge on the fundamentals of supply chain and logistics so the basic concepts and techniques can be applied to real world challenges. The projects conducted during the program simulate real-life situations and educate the students on the application of core concepts in such situations.
The Rushford MBA In Logistics and Supply Chain Management (16 Months Online) program provides understanding of the intricate relationship between business functions, supply chain and logistics; helps solve business problems and create shareholder value; use most current knowledge and trends of the industry. Various logistics and supply chain companies collaborate to conduct projects, internships and site visits for Rushford students. Rushford maintains high standards of the academic program for aspirants with Bachelor’s Degree or recognized equivalent academic title in any discipline, Recognition of Prior Experience (RPE) without Bachelor’s Degree or 3 years of relevant experience in a significant role for waiver of Bachelor’s Degree. Rushford Business School under James Lind Institute is certified by a Swiss quality label of accreditation body of EduQua (supported and recognized by the Swiss Confederate Government).