Tuesday, March 24, 2009

Supply Chain Management


It's taken me a while to figure out which McCombs major I wanted to begin with. After reading "Deep Change" in the Harvard Business Review for Professor Konana's MIS class, I was inspired to address supply chain management. The article talks about how supply chain management is an aspect of business that is largely put on the back burner because it's simply not as "sexy" as mergers and marketing, etc. However, it is highly advantageous for executives to pay special attention to supply chain management in order to eliminate inefficiencies and increase profits.

The lack of attention to SCM is further highlighted by the amount of people at McCombs who are majoring in it. According to the McCombs website, only 54 out of 4380 students majored in SCM in 2008, which is 1.2% of all students. Since students with a degree in SCM are highly sought after by employers, as seen on the on campus recruiting site, there are many career opportunities per SCM major. Since SCM is a relatively new major, the McCombs Career Center has no statistics on starting salaries. However, I'm sure they would be around $50,000 as compared with other majors.

In order to be successful with supply chain managment, it's important to have communication, leadership, and analytical skills. Since productive SCM often requires completely innovating and transforming a company's way of operating, it is essential to be able to convince others that your new ideas will work. You will also have to explain how supply chain changes coorelate to increased profitability since executives tend to be sticklers when it comes to change, according to the "Deep Change" article. If you think SCM is the major for you, be prepared to learn new things everyday and move quickly to keep ahead of the game. It's untreaded territory but I think if you give it a shot, you'll reap the rewards.

1 comment:

  1. I put SCM as my major choice for my Career Search Assignment in BA101. I now have MIS as my first major choice, but this made me think again about choosing SCM. I had no idea that only 1.2% of students majored in SCM. Thanks for sharing.

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