B.Sc vs. B.Com in Supply Chain Management - Eligibility, Scope & Career Options

Supply chain management involves different processes that transform raw materials into the final product and is defined as the management of the flow of goods and services that involves the active streamlining of the business, supply, and side activities to maximize customer value which will help to gain a competitive advantage in the market. It is the way of handling an entire production flow of goods and services.

A company will develop a network of suppliers to accomplish the task that will help move the product from the supplier of raw material to the organization that deals directly with the users. These days, most Supply chain management courses cover everything from production to product development, and the information system needed to direct their undertaking. It represents an effort by the supplier to implement and develop a supply chain that is economical and efficient.

Although the concept of supply chains has existed for many years, it is only recently that it has hogged the limelight and most of the companies have paid attention to it. The core principles taught as part of an offline or even in a Supply chain management online course includes the basics of system engineering, industrial engineering, logistics operations, management, information technology, procurement, and marketing strives for an integral approach. Supply chain management shares the same goals as supply chain engineering, but it focuses more on traditional management and business.

Working Principle of Supply Chain Management

Supply chain management works with six components of traditional ways-

1. Planning- one must plan and manage all the resources required to meet the demands of the customers for a company's service or product and then determining metrics to measure with the supply chain is effective or efficient when the supply chain is established and thus delivering value to customers and meeting company goals.

2. Sourcing- a supplier must be chosen to provide the service and goods needed to create the product. Then the establishing process is to manage and monitor supplier relationships. Key processes include managing, inventory ordering, receiving, and authorizing supplier payments.

3. Manufacturing- the activities required to accept manufactured products, raw materials are testing the quality, and scheduling delivery and packaging for shipping should be appropriately organized.

4. Logistics and delivery- scheduling delivery, coordinating customer orders, invoicing customers, dispatching loads, and receiving payments should be done systematically.

Returning must be a good and efficient network to take back unwanted, defective, or excessive products.

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Importance of Supply Chain Management

• With the help of B.Sc. logistics and supply chain management, , one can equip themselves with the right knowledge and help minimize the wasted cost and time in the production cycle and analyze the supply chain partner's data to see whether further improvement can be made.

• The supply chain management helps to increase the value to the supply chain cycle effectively.

• It helps to identify the potential problem through data analysis, where manufacturers may anticipate the shortage before the buyer is disappointed.

• Optimizing price dynamically as seasonal products have a limited shelf lifetime, and these products are typically scrapped or sold at a deep discount at the end of the season. For example, in many hotels, airlines, and others usually adjust prices dynamically to meet the demand using similar forecasting techniques and analytics software to improve margin even for hard goods.

• The allocation of available to promise inventory must be improved. Analytical software tools will help dynamically allocate schedule and resources work based on the sales forecast promised delivery of the RAW product and actual order. Thus, manufacturers can confirm the product delivery date and significantly reduce incorrect field orders.

B.Sc In Terms Of Supply Chain Management

Bachelor of Science has emerged in terms of supply chain management and logistics courses, which offers the students expertise and professionalism in all aspects of supply chain management, enabling them to specialize in numerous techniques and methods regarding the technical part and theoretical part of the industry. Many individuals decide to work towards a Bachelor of Science after finishing high school for better career opportunities and earning potential.

Most bachelor's degree programs can be completed within four years, after which the graduate students will choose to work in the workforce or decide to pursue a master's degree. B.Sc in supply chain management is a rigorous course of studies that combines education in business management and economics. It will help to provide the students with a solid education foundation in supply chain and logistics management.

The focus is to enhance the students with analytical skills, management capabilities, and decision-making abilities about supplying goods and warehousing within the global market. Moreover, the emphasis is also given to the green business, practices, and sustainability of supply chain management programs. The students who will have a Bachelor of Science degree in supply chain management are more employable than those without associate degrees. B.Sc. in supply chain management holder tends to earn more than the one with only two years of degree or without a degree. Many graduates can become sales managers' logistics, customer service where others can find a job as consultants, analysts, inventory managers, or logistic engineers, establishing a career as purchasing materials and warehouse for the production manager.

Aim of Supply Chain Management in B.SC Degree

• The main objective of the supply chain management course is to identify the concepts, fundamental theories, and methods that involve supply chain management within various disciplines and a variety of organizational settings.

• Logistic and supply chain management courses will help understand the specialized area and demonstrate detailed knowledge about different supply chain functions.

• The problem solving and decision-making techniques are taught through a supply chain management online course that will enable the students to display specialized analytical, technical, and creative skills.

• Further B.Sc in supply chain management will help you apply knowledge in various enterprise settings and enable you to transfer applied skills to develop a range of situations in the workplace or further studies.

• B.Sc logistic and supply chain management will help to cultivate skills in research designing problem identification, problem-solving data analysis, and exploit those skills to enhance facilities and innovation with proper optimization.

Eligibility Criteria if you want to Apply for B.SC in Supply Chain Management

• A student must hold 10 + 2 high schools leaving certificate or passed certificate from a recognized board or its equivalent.

• Applicants with an advanced diploma or diploma in relevant areas are eligible

• The applicant's who have at least two years of relevant post-secondary professional experience but does not meet the minimum academic requirements are also eligible

• The applicant must have proficiency in the English language and have a copy of passport or ID.

Process of admission for Logistics Management Course

A standard entrance test is conducted. It is to select the deserving candidate, and reputed institutions rely on the merit based admission process.