Supply Chain Management, MS

What is Supply Chain Management, M.S.?

 Supply Chain Management (SCM) refers to the end-to-end process of planning, implementing, and controlling the flow of goods, services, information, and finances from the point of origin to the point of consumption. The primary goal of supply chain management is to efficiently and effectively coordinate all activities involved in the production and delivery of products or services to meet customer demands while minimizing costs and maximizing overall value.

Effective supply chain management enables organizations to respond quickly to market changes, reduce lead times, optimize costs, enhance customer satisfaction, and gain a competitive edge. The M.S. degree in Supply Chain Management will provide graduates with the knowledge based and other higher order skills needed to effectively integrate supply chain management into effective business processes. FAMU graduate students and graduate students from other majors and universities who meet the admissions requirements for the M.S. program typically graduate with this major.

 

 

Supply Chain Management, M.S. Careers

The career outlook for the Supply Chain Management field appears particularly favorable for the foreseeable future, and is expected to grow by approximately 22% to 155,000 by 2023. The growth rate is expected to exceed the average growth rate for other positions. Thus, the M.S. degree in SCM will provide an excellent opportunity for those who choose to pursue it. The demand for supply chain management professionals will exist at the State, national and international levels.

Potential career trajectories:
• Planning
• Sourcing
• Manufacturing or Production
• Logistics
• Inventory Management
• Transportation Management
• Warehousing
• Information Flow
• Risk Management
• Supplier Relationship Management

 

Supply Chain Management, M.S. Salary Expectations

 The Bureau of Labor Statistics reported an entry level salary range for the M.S. degree in Supply Chain Management between $65,000 and $75,000.
In 2022, the average Transportation, Storage and Distribution Managers made:
• An average of $52 and hour
• A median salary of $99,000
• The top percentile made an average of $169,000

States with the highest employment level in Transportation, Storage and Distribution Managers:
1. California
2. Texas
3. Illinois
4. Florida
5. Georgia

 

Supply Chain Management, M.S. Frequently Asked Questions (F.A.Qs)

Q: What can I do with a Master's degree in Supply Chain Management?
A： Master's degree in Supply Chain Management opens up a variety of career opportunities across industries. The advanced knowledge and skills gained in a Master's program position you for leadership roles and specialized positions within the supply chain field.

Q: What area of Supply Chain Management should I pursue?
A: Additional potential career trajectories
• Procurement and Strategic Sourcing
• Demand Planning and Forecasting
• Operations Management
• Distribution and Fulfillment
• Global Supply Chain Management
• Quality Management
• E-commerce Supply Chain Management

Q: What qualification do I need for the M.S. degree in Supply Chain Management?
A: View the Curriculum Requirements >>https://sbi.famu.edu/students/academic-support/curriculum-requirements.php

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