Upskilling For Career Growth in Operations and Supply Chain Management

Upskilling For Career Growth in Operations and Supply Chain Management

Upskilling For Career Growth in Operations and Supply Chain Management
Upskilling For Career Growth in Operations and Supply Chain Management

October 22, 2021

The COVID-19 pandemic has fundamentally altered the way business is conducted across various verticals. Increasing digitalisation and automation coinciding with the pandemic have further impacted the way businesses are run. Irrespective of shifts in technology and managerial philosophy, one aspect of business that has remained extremely relevant is operations and supply chain management (OSCM). It is predicted that by 2022, one-third of the new jobs across the globe will be in operations management. OSCM essentially includes all functions beginning from procurement of production inputs and ending at product delivery, such as sourcing and managing materials, planning operations, distribution, logistics, retail, demand forecasting, and fulfilment of orders. It can be broadly defined as the management of the materials and processes to convert inputs into outputs while efficiently meeting customer demands and making the production process more time and cost-effective. Therefore, OSCM is essential to an organisation’s functioning, making it a strong and sustainable sector. Factors such as India’s rapidly growing e-commerce sector, which is expected to be the second-largest globally by 2034 and a merchandise exports market valued at $34 billion, make OSCM a growing and promising field.

Evolving Landscape of OSCM

The pandemic coinciding with technological advancement has drastically altered the way business is conducted. This stands true for the OSCM sector as well, with its contours being extensively reimagined to suit contemporary industry requirements. The pandemic has forced an almost overnight shift to digital for carrying out day-to-day business operations. An increase in automation and the adoption of AI-enabled technologies promise the potential for higher efficiency if utilised properly. The pandemic has also posed serious challenges to the structural integrity of supply chains and organisational operations in India.[4] The traditional OSCM infrastructure and talent pool are falling short in the face of uncertainty and constant technological advancement. Organisations need to integrate modern technology into their supply chains while actively foreseeing and mitigating potential risks. To remain relevant and thrive in this era, it is necessary for organisations to rethink their OSCM strategy and implementation, which can only be possible with the presence of management professionals well-equipped with the knowledge and skills required for OSCM. However, traditionally trained OSCM professionals lack the skills and knowledge of cutting-edge technological tools required to handle OSCM in the modern era. This has created a strong skills vacuum that can only be filled through intensive upskilling of management professionals.

Upskilling with IIM Kashipur’s EPOSCM

Fig- Salary Profiles for OSCM jobs.

Despite the essentiality of OSCM, there are very few academic programmes that genuinely offer their learners all the skills and knowledge required to excel in OSCM roles. IIM Kashipur’s Executive Programme in Operations and Supply Chain Management (EPOSCM) is an answer to this exact problem. EPOSCM is a year-long professional course aimed at familiarising professionals with both theoretical models and practical expositions in the area of OSCM. The programme covers fundamental topics in OSCM such as process design, quality management, decision modelling, service operations, inventory planning, logistics, strategic sourcing, supply chains, demand forecasting, and many more. However, what makes this programme stand out is its focus on new-age concepts such as supply chain analytics, risk management, and technology integration, which are in high demand. The programme is conducted by IIM Kashipur, an up-and-coming management institute in north India. Receiving a formal certification as well as executive alumni status from an IIM will be an added advantage to one’s profile.

Due to the existing market demand and shortage of appropriate talent, the career trajectory for upskilled OSCM professionals is steep, with lucrative job opportunities on the line. Pursuing a  professional certification in OSCM can be the key to salary hikes and rapid job growth. OSCM professionals occupy a diverse set of roles across domains, including operations, inventory, logistics, supply chain, procurement, and production, offering them the potential to rise to some of the topmost positions in their organisations. This is proof that upskilling through executive education can be a fruitful long-term investment in one’s career.

Know More

www.bls.gov
www.globenewswire.com
www.business-standard.com
www.economictimes.indiatimes.com
www.glassdoor.co.in

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