What Is The Average Salary For A Supply Chain Manager In India?

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Introduction

The increase in demand for supply chain managers is one of the best results of the expansion of the supply chain management industry. To cut expenses, more businesses are turning to direct-to-consumer (B2C) services and the shifting dynamics of the business environment. So, businesses need seasoned experts to guide them through intricate supply chains.  Let's walk you through the steps to becoming a supply chain manager including the salary one should expect.

Who Is A Supply Chain Manager?

Those who pursue a job in supply chain management oversee the business's manufacturing operations. They must keep an eye on the components to create new products. It is crucial to ensure there are enough supplies on hand. Hence they must track the products throughout the manufacturing process.  Customer supply chain managers are ambitious, innovative, enthusiastic, confident, and upbeat business people. They construct distribution mechanisms to guarantee optimal product production and most distribution for next use.

What Does A Supply Chain Manager Do?

The supply chain manager monitors and controls the organisation's activities. It helps teams to increase process quality and profitability. In India, they are essential for creating and maintaining fruitful vendor and distributor relationships. They have a thorough grasp of how the company runs with project management and growth. 

People working in supply chain management contribute innovative ideas. They help the business sell its products in larger amounts and less time. Their job may include:

• Work with buyers and procurement managers to find the appropriate goods
• control manufacturing and shipping procedures and arrange contracts with suppliers and customers
• Organize and carry out a logistics strategy to meet objectives.
• Control product processing, distribution, and storage
• Track products using software from start to delivery, work on forecasts and inventories.
• Document the process, and test the performance
• Control the associated expenses while preserving quality
• Make sure you know about everything occurring throughout the delivery chain.
• Manage a group of supply chain employees, and instil their motivation.
• Look for ways to improve the process, and create new and lasting relationships with suppliers.
• Control and reduce potential hazards (such as operational and reputational risks)

Supply Chain Management Fresher Salary In India

With less than five years of experience to twenty years of experience, Manager Supply Chain Management salaries in India range from 4.5 lakhs to 25 lakhs. There is an average yearly pay of 13.1 lakhs based on 2.1k current salaries.  Cash bonuses, commissions, tips, and profit sharing are all possible forms of  compensation.  Your experience, location, the industry you work in, the size and nature of the business you work for. It depends on your professional credentials, such as a charter ship, all affect your salary. The professional and business services industry pays the highest salaries, followed by banking, finance, insurance, and then telecoms. Bonuses, company cars, private healthcare, life insurance, and pensions are possible extra perks.

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Qualifications

All graduates are eligible for supply chain positions, but it's typical to have a degree, HND, or foundation degree in a related field, such as:

• Supply chain administration
• Computing information systems, 
• Logistics management
• Business management
• Transportation management.

You will need the following abilities:

• Great planning abilities
• Having a methodical and logical attitude to work
• Having solid time management skills
• Having the capacity to operate under pressure while maintaining accuracy and meeting deadlines
• Exceptional relationship management skills and can work with internal and external teams.
• Problem-solving and decision-making abilities, as well as the capacity to think creatively 
• Analytical and business management abilities
• Excellent written and verbal communication skills
• Ability to guide, inspire and lead a team
• IT, Excel, the ability to handle electronic data
• Knowledge of risk management in the context of the supply chain 

Steps to Become a Supply Chain Manager

1. A bachelor's degree in business administration or logistics is a must. A Master of Business Administration degree can help you succeed in supply chain management.

2. Interning in various firms' supply chain or logistics departments is one of the best ways to get real-world experience.

3. To gain practical experience in supply chain management, work as an intern in various companies' supply chain or logistics departments.

4. Networking is one of the key elements in learning how to manage a supply chain. You need to build a strong network with suppliers and logistics partners. 

5. You must start your supply chain management career with lower-level jobs like warehouse assistant. Start with an inventory associate, or logistics planner. You can work as a supply chain analyst or consultant for two years. With minimum 5 years of experience, you can apply for supply chain manager jobs 

6. Four categories are there in the supply chain management domain. They are logistics, operations, planning, and production. To get experience, you can work with many departments or in a specific category.

7. Work hard to gain four or five years of experience working as a supply chain analyst or consultant. Then you are eligible to apply for opportunities as a supply chain manager.

8. Professional certificates and licences in supply chain management can further your career. 

Once you are in, there are several ways to enter the field and many different career paths. Start with an entry-level position or a graduate trainee position and advance to supply chain manager status. If you are in a graduate trainee program, you will have the chance to switch between departments. It will let you gain a better understanding of the entire supply chain process. Get recognised credentials, leadership development, and individual coaching and development. With these skills you might be able to advance your career. Across all industries, you can advance to senior management or even the board of directors. The sector is typified by career paths that, for those with the necessary qualifications. Having experience, and tenacity, lead to high management positions.

Conclusion

People who pursue careers in supply chain management must be able to travel  and put in long hours. It is a difficult career that does not have the same reputation as other professions. Knowing only logistics and transportation is insufficient for this career. The profession itself is intricate, difficult, and crucial to any business.  One of the initial professional routes a graduate of a supply chain management program can take is that of a logistician. This non-managerial function examines and supervises the supply chain. In India, the demand for careers in supply chain management is also increasing. The more senior position of supply chain managers likewise exhibits an average growth rate.  Join The IoT Academy and start your career in the field you want!

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