What is Supply Chain Management?

Supply Chain refers to the supply of all the materials and conditions required to produce the expected product or service in a company. The effective management of these activities is called Supply Chain Management. These activities are managed to effectively increase the customer advantage and also increase the value and repute of the company in the market. There are various companies involved in a single supply chain. Their joint effort in coordination makes the outcome of a company as expected.

The supply chain activities include development of the product, sourcing of the raw materials, actual production and finally the logistics of the product to the market or customers. It has some other activities involved such as managing the information systems needed for the updated information about the progress of the production.

What are STEM Graduates?

STEM graduates are the graduates who have done courses in Science, Technology, Engineering and Mathematics. For many years these STEM graduates had jobs limited to their STEM sphere only. They had either job of teaching assistants, scientific data analysts or sales engineers. Moreover, girls in STEM field had job of teaching only. They were not recruited as analysts or engineers. Recently, there is a progress in this regard that the STEM graduates had other job opportunities such as entry into Supply Chain Management. There are various reasons behind this progress. Most of these are listed below.

What are the Reasons which can open Career Path for STEM graduates in Supply Chain Management?

The importance of Supply Chain Management has increased many folds during recent years. Especially the logistics is visualizing a revolution. The third party logistics industry in supply chain management is growing exponentially at such a rate that it has left behind the growth of overall economy. There are several reasons due to which STEM graduates are attracted towards Supply Chain Management. These are as follows:

  • Careers in SCM: Various recruiting firms have forecasted that these job opportunities for STEM graduates in SCM will continue to increase for many years to come. This may be the first and the most important reason for luring of the STEM graduates.
  • Problem Solving Skills: In SCM one seeks the best accomplishment of the given task. So the STEM graduates are preferred for their excellent problem-solving skills. In logistics, for example, which may be the shortest path for delivery of a particular product to all the client stores? Or how can be all supplies done with fewest trucks and drivers in a limited time?
  • Data interpretation: Many Supply Chain Management companies want every detail of what is going on in their respective company on a daily basis. This is needed for the prediction of what will happen in future in Supply Chain Management.
  • Automation: Supply Chain Management system has to be automated with future technologies like robotics, artificial intelligence and the Web. To do this we have to include STEM graduates in this industry.

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