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.

Course and syllabus

B.Sc in logistics is one that covers industry-specific subjects and a general management syllabus.

• 1st Year have the course credit 6, and the students are taught about the management the way of planning, initiating, executing, controlling, and closing the work of a team to meet specific success and achieve specific goals at a particular time along with operations management, the global economic environment, introduction to supply chain management and introducing to information Technology.

• 2nd Year also has a credit point of 6. The logistics management course is designed to present quality management to front-line managers and apply or practice the theory and other subjects like statistics strategy, organizational behavior, administration, and leadership.

• 3rd Year also has a credit point of 6. The students in supply chain management certification are taught about purchasing and supply management to gain in-depth knowledge and code concepts on supply-based development and other subjects like supply chain risk assessment and forecasting, supply chain planning, inventory control, and decision tools for supply chain management and logistics, and the principle of transportation.

• 4th Year has a credit point of 6. The students are taught about the facilities management such as multidisciplinary function and subjects like advanced framework and models in SCM, supply chain and customer relationship management, performance management, and strategic supply chain management.

Job opportunities and career prospects

Supply chain management certification holds excellent demand in today's industry, and B.Sc in supply chain management will help you in your career prospects and job opportunities where recruiters are

• Airlines

• Logistic management firms

• SGM firms

• Product packaging and management firms

• Industries dealing in production

• Maritime transport firms.

Top Colleges for Bachelor of Science in Supply Chain Management

Top colleges and universities providing Bachelor of Science degree in supply chain management are

• Indian Institute of Management Calcutta

• Indian Institute of Management Bangalore

• Lovely Professional University Punjab

• University of petroleum and energy studies Dehradun

• Amity University Noida

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B.com in Supply Chain Management

The B.COM in supply chain management courses is for undergraduate and has three years full time with 6 semesters. The main objective of supply chain management in BCom degree is to ensure that the chain runs efficiently and effectively with reducing cost and delivery to customer gratification.

Leading Indian institutes providing the course

• ITM University, Gwalior

• The University Of Petroleum And Energy Studies, Dehradun

• Indian Institute Of Logistics And Material Management Udaipur

• Indian Maritime University Cochin campus

• Arunachal University Of Studies Faculty Of Skill Development And Vocational Studies

Eligibility criteria

The student must have a 10 + 2 pass certificate, preferably with a commerce subject with an aggregate score of 50% from a recognized board or equivalent.

Process of Admission

The counseling for logistics and supply chain management courses is based on the qualification of the entrance exam and merit.

Course of studies

• A student in SEMESTER 1 be taught about the fundamental of accountancy, functional English, workplace skills, and economic theory

• SEMESTER 2, the students will be taught about business organization, foundation in humanities and social studies, ACM delivery operational and business Math and statistic

• In SEMESTER 3, the students should be taught about business law, general English, SCM sourcing management, and money and banking

• In SEMESTER 4, the students are taught about advanced accountancy, foundation in science and Technology, ACM logistic and warehousing, the economic environment in India, and management

• In SEMESTER 5, the students will be conducted in subjects of cost accounting, investment options and mutual funds, ACM forecasting, financial markets, and demand planning

• In the final semester that is SEMESTER 6, the students will be taught about management, accounting principle and practice of auditing, corporate finance management, and advance supply chain

Career Prospects and Recruiters

The top company recruiting BCom students in supply chain management are

• HCL

• TCS

• CTS

• City bank

• Dell, etc.

The top recruiting areas are

• Insurance industry

• Investment

• Loan associations savings, etc

With the job profile of production

• Manager

• Operation manager and

• Supply chain consultant.

Higher studies

If not interested in recruiting a job, a person can pursue higher education that is MCom or MSc, in supply chain management as per the student's interest.

The Best Course Degree for Logistic and Supply Chain

A bachelor's degree is most important to prepare your career in logistics and supply chain management and is the necessary first step. Depending upon the level and position of responsibility, a student can pursue a master's degree or undergo recruitment exams. The supply chain management online course process requires a unique understanding of the supply chain and analytical problem-solving skills. Moreover, earning a logistic and supply chain management degree will help you prepare your plan efficiently and manage an effective supply chain faster and more cost-effectively. Logistic and supply chain management is a vast field.