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What are the highest paying jobs in supply chain management?

Supply chain management is the most recommended degree nowadays because of its great scope as well as the rising demand in the local, and international job markets. However, many assume that the study of supply chain management is quite simple but this is not entirely true. It is the most difficult field which requires tons of hard work as well as responsibilities. Supply chain management plays a vital role in any business as it can help achieve several business objectives. It is the handling of the entire production flow of a service or a good, starting from the raw materials or components to the way of delivering the final product to the consumers. It helps to provide numerous opportunities for companies to improve their profit margins and is quite important for companies having large, and international operations. If you are interested in pursuing supply chain management but finding the best careers to pursue after a degree in supply chain management then don’t worry, because we are here with yet another article, filled with lots of information. In this article, you will explore all the details about the best careers to pursue after a degree in supply chain management. So, keep on reading to discover everything about the What are the highest paying jobs in supply chain management?

1. Logistics Manager

A logistics manager is one of the best careers to pursue after a degree in supply chain management. The core responsibilities of a logistics manager are to develop guidelines as well as strategies on how to distribute the products they create. They also oversee the entire supply chain of a company and they also establish guidelines for how the company can purchase products, raw materials as well as services.

2. Purchasing Manager

The purchasing manager is one of the best careers to pursue after a degree in supply chain management. A purchasing manager is mainly responsible for overseeing the inventory levels as well as managing the disposal of outdated products or materials. They are also responsible for supervising the company’s procurement strategies, analyzing the new purchasing needs as well as helping to negotiate with new partners or suppliers.

3. Supply Chain Manager

Supply chain management is yet another one of the best careers to pursue after a degree in supply chain management. The core responsibility of a supply chain manager is to oversee all the aspects involved in the supply chain unit. They also reduce costs while managing to increase revenues. They also develop strategies as well as plans to source new raw materials, manage distribution, supervise production, and more.

4. Sourcing Manager

A sourcing manager also falls in the category of the best career to pursue after a degree in supply chain management. The job of a sourcing manager revolves around the building as well as maintaining strong relationships with vendors, they also negotiate costs and oversee how the budgets are being spent. A sourcing manager is also responsible for improving a company’s ROI. They also are in charge of developing new strategies, as well as gathering data to analyze the company’s annual budgets based on the previous performances of the company.

5. Vice President of Supply Chain

The vice president of the supply chain is yet another one of the best careers to pursue after a degree in supply chain management. They oversee and develop the latest plans as well as strategies, initiatives, and policies to increase the revenue and growth of a business. They also identify potential opportunities as well as make key decisions for the business. They are also responsible for managing inventory, customer relations, transportation, distribution, and much more. This job comes with tons of responsibility.

6. Purchasing Agent

The purchasing agent is yet another one of the best careers to pursue after a degree in supply chain management. The role of a purchasing agent is mainly to negotiate contracts with vendors and suppliers. They are also responsible for creating purchase orders as well as analyzing financial reports. A purchasing agent is also mainly responsible for buying various equipment, supplies as well as services the company needs to operate. They are also responsible for reducing costs as well as overseeing that the business invests in the best possible products and services.

7. Procurement Manager/Analyst

Procurement manager/analyst is also one of the best careers to pursue after a degree in supply chain management. The core responsibilities of a procurement manager/analyst are to conduct routine evaluations of the suppliers as well as the vendors to assess whether the quality meets their standards. They are also responsible for comparing different manufacturers, service providers as well as wholesale distributors to determine which ones are the most effective. They also oversee and assess what services and goods the company needs to outsource.

8. Commodity Manager

Commodity management also falls on the list of the best careers to pursue after a degree in supply chain management. They are mainly responsible for tracking, analyzing as well as researching the market condition to identify whether it is a good time to invest, sell or purchase goods. They are also responsible for improving the profit margins as well as reducing the costs of raw materials.

I hope this article helped you choose the best careers to pursue after a degree in supply chain management.

Related: Scope of Supply Chain Management in Pakistan

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By Natasha Irshad

Natasha Irshad holds a degree in Marketing & Management from University of London. She is interested in writing about education and pop culture.

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