What are the best-paid jobs in supply chain management? (2023)

Key takeaways:

  • Businesses must develop procedures to streamline how their goods reach customers if they want to continue to be successful.
  • The efficient and effective movement of goods and information must be planned and overseen, which calls for a variety of people with a variety of skills. Jobs in the supply chain can lead to highly profitable occupations that are vital to the daily operations and long-term success of a firm.
  • A supply chain is a method a business employs to transfer data, products, or resources from a supplier to a customer. The entire development through the delivery process is included in an organization’s supply chain, including –
  • Product development
  • Purchasing of materials
  • Inventory control
  • Manufacturing
  • Transportation
  • Delivery
  • There is a high demand for SCM jobs in India, and they also pay handsome salaries in India.

The global business landscape has radically shifted in recent years. The scope of supply chain management has expanded as a result. This industry has seen the emergence of numerous new disciplines, including planning, sourcing, manufacturing, and delivery. The flow of goods and services involves a number of actions, from acquiring raw materials to turning them into finished items.

What is supply chain management, and is it a high-paying job opportunity? That is probably the question you’re wondering right now. As with any sector, supply chain management has a wide range of professions to pick from, so let’s go a little deeper and look at some of the highest-paying supply chain jobs in this field.

Given the rapid growth of supply chain management and logistics, there are consistently more career possibilities in this sector every year. New positions are developing in this sector while traditional roles are becoming more technologically savvy. So, based on various characteristics, supply chain and management is undoubtedly one of the professions with a much higher job satisfaction rate.

It is thus evident that choosing to work as a purchasing or logistics manager in 2022 is a wise decision for now and in the future.

Why a career in supply chain management?

The allocation, distribution, and delivery of a product are under the control of logisticians. The demand for logistics professionals is at an all-time high, so if you want to work steadily and earn well, this may be your field. The highest-paying supply chain jobs come with some perks, as follows.

(Video) Top Supply Chain Jobs & Salaries

  • Job creation

The logistics industry rapidly increased and saw expansion even during the worst crisis. With the Bureau of Labor Statistics forecasting a 7% increase in jobs between 2016 and 2026, the field is even more promising.

  • Ample pay

Salary ranges for supply chain managers in India depend on factors including location, amount of expertise, and companies they work for. The yearly salary range for a supply chain manager in India is INR 30,00,000, according to PayScale. In this industry, bonuses and overtime are rather typical.

  • In-demand positions

Any firm that produces goods and services needs to have a strong supply chain management department. Business executives are aware that enhancing supply chain management can boost sales, product quality, and organizational effectiveness. As a supply chain specialist, you could be a significant asset to any organization and make a remarkable contribution in its growth.

  • Possibilities for growth

While it is not a must for success in logistics, a graduate degree might open the door to the rapid development of an individual wanting to pursue SCM jobs. Although there are many upper management positions, they demand more training and experience.

  • Global traveling

Numerous logistics positions require regular travel abroad. Although these excursions focus considerably more on work than sightseeing, they offer a variety of prospects for those eventually wishing to break into the world of international business.

READ MORE: Supply chain course details

Top-paying Supply Chain Management jobs

Here is a list of top supply chain jobs and the respective average salaries-

Job rolesAnnual salary ( INR – LPA)
Purchasing Managers8,42,726
Logistics Managers5,90,000
Warehouse Managers5,00,730
Inventory Managers5,80,000
Distribution Managers11,35,790
Freight Forwarders5,90,000
Retail Merchandisers23,00,000
Operations Managers9,00,000
Production Managers9,60,554
E-Commerce Logistics Managers9,08,287

1. Purchasing Managers

The sourcing, investigation, and contracting with material or product providers are within the purview of purchasing managers. They search for the most significant things at the lowest prices and bargain to get the best price for their company on goods they will either use or resell. Purchasing managers are one of the best supply chain jobs.

(Video) Best Supply Chain Management Careers [Top 5 Supply Chain Consulting and Industry Jobs]

Roles and responsibilities
  • Identify the order’s frequency.
  • Compare various vendors.
  • Determine your shipping requirements.
  • Make sure purchases satisfy the requirements of the business.
Average salary

INR 8,42,726 per annum.

2. Logistics Managers

Logistics managers plan and manage the ordering of materials and delivery of goods to customers or vendors. At each stage of the supply chain, they also ensure that regulations are followed. A large company’s whole supply chain or a specific region may fall under the purview of a logistics manager.

Roles and responsibilities
  • Maintaining inventory data and controlling warehouse stock.
  • Budget oversight and management.
  • Choosing transportation providers and haggling over prices with them.
  • Responding to issues and finding solutions.
Average salary

INR 5,90,000 per annum.

3. Warehouse Managers

The warehouse managers are in charge of overseeing the facility’s operations. They also speed up shipping and receiving, keep an eye on team performance, and ensure items are stored efficiently and orderly. Technically knowledgeable candidates are preferred for this post.

Roles and responsibilities
  • Process orders.
  • Operate the IT and mechanical systems.
  • Liaise with transport suppliers, companies and clients.
  • Train, supervise and appraise staff.
Average salary

INR 5,00,730 per annum.

4. Inventory Managers

Inventory managers are responsible for managing a company’s inventory levels. They are in charge of a team of inventory staff who receive and record new items as it is delivered and shipped. Their duties frequently involve monitoring regular deliveries, investigating various suppliers, and evaluating fresh supplies.

Roles and responsibilities
  • Oversee a group of warehouse workers.
  • A daily delivery record examines fresh cargo and various providers.
Average salary

INR 5,80,000 per annum.

5. Distribution Managers

Distribution managers are in charge of determining how much a duct must be delivered, where it ought to go, and how it should be distributed. This position is critical in supply chain management and logistics, and it uses information technologies to support accurate forecasting and efficient programme implementation.

(Video) MSc Supply Chain Management in UK l Everything you need to know l Complete Guide to MSc SCM in 2022

Roles and responsibilities
  • Arrange for shipping.
  • Organize the drivers, loads, transportation, and routes.
  • Control expenses, timelines, and stock levels using IT systems.
  • Analyze data to determine performance, identify operational problems, and create improvement plans.
Average salary

INR 11,35,790 per annum.

6. Freight forwarders

The person or business planning shipments for people and businesses to move items from a producer or manufacturer to a consumer, market, or final point distribution point now as a freight forwarder or forwarding agent.

Roles and responsibilities
  • Organizing the items’ insurance.
  • Following up in the event of an accident.
  • Directing the movement of the cargo.
  • Supervising the loading and packing of the shipment.
Average salary

INR 5,90,000 per annum.

7. Retail merchandisers

To ensure that the right product is available at the appropriate time and location to maximize sales and margin, retail merchandisers serve as a liaison between purchasers and the sales floor.

Roles and responsibilities
  • Work with retailers and suppliers to ensure that merchandising plans are carried out correctly.
  • Verify store adherence to marketing strategies.
  • Campaigns for advertising and promotion should be planned and executed.
  • Maintain a product inventory.
Average salary

INR 23,00,000 per annum.

8. Operations managers

Operations managers typically supervise all business operations for a company, a non-profit organization, a government agency, or another type of company. Both large and small firms employ these managers to hire, oversee, and educate staff members, run quality assurance programs, and plan process improvements.

Roles and responsibilities
  • Control the operational procedure.
  • Organize and manage the opera operating process.
  • Manage the improvement of performance.
  • Create an operational plan.
Average salary

INR 9,00,000 per annum.

9. Production managers

Production managers or unit production managers are responsible for managing the daily operations of production as well as setting budgets and shooting schedules. Additionally, they oversee the below-the-line employees. This profile should be taken into account by a candidate with an interest in organizing, planning, and negotiating budgets. They are one of the top supply chain jobs.

(Video) 4 Tips in Getting Jobs in Supply Chain - Supply Chain and Logistics Careers

Roles and responsibilities
  • Establish and maintain production schedules.
  • Analyze the resource and project needs.
  • Budgets are estimated, discussed, and agreed upon with clients and managers.
  • Certify that all health and safety requirements are being followed.
Average salary

INR 9,60,554 per annum.

10. E-Commerce logistics managers

E-commerce logistics managers design and implement organizational plans, strategies, and procedures to maintain a perfect supply chain, operations, logistics, and procurement process. They oversee routine business activities and the activities of the company’s executives in charge of IT, marketing, and finance.

Roles and responsibilities
  • Identifying possible distribution and shipping firms.
  • Assessing a company’s performance.
Average salary

INR 9,08,287 per annum.

READ MORE: Job opportunities for an supply chain management graduate

How can I earn these skills?

After high school, aspiring supply chain managers must obtain a bachelor’s degree. Other relevant majors, such as finance, business, or even engineering, are available besides bachelor’s degrees concentrating primarily on supply chain management.

Getting an online certificate from reliable platforms such as Online Manipal gives you an upper hand in learning in-depth about the field you want to enter and exploring the diverse options before getting into one of the best supply chain companies to work for.

Wrapping up

Jobs in supply chain management are generally constantly in demand. Given the growth of e-commerce, additional employment will definitely open up in the near future. Therefore, if you lack the requisite degree or experience, it’s still not too late. You may now start your training.
The Manipal Academy of Higher Education (MAHE) offers a wide variety of courses related to SCM at Online Manipal. Additionally, it offers and equips you with essential resources that will aid you at the beginning of your SCM career. Enroll now!

FAQs

What supply chain job makes the most money? ›

The 10 High-Paying Careers for Supply Chain Management Majors are:
  • Vice President, Supply Chain Management $155,118.
  • Global Supply Chain Management $114,275.
  • Logistics Manager $104,827.
  • Supply Chain Manager $104,071.
  • Global Commodities Director $103,601.
  • Purchasing Manager $103,289.
  • Strategic Sourcing Manager $100,015.

Is supply chain well paid? ›

Supply chain managers earn above the national average salary because they have skills and experience that make them valuable to the companies they work for.

Where do supply chain managers make the most money? ›

Highest paying cities for Supply Chain Managers near United States
  • San Jose, CA. $90,552 per year. 7 salaries reported.
  • $90,010 per year. 27 salaries reported.
  • Chicago, IL. $84,244 per year. 30 salaries reported.
  • Denver, CO. $82,938 per year. 61 salaries reported.
  • Dallas, TX. $80,863 per year. ...
  • Show more nearby cities.

Is supply chain a difficult job? ›

Supply chain management can be pressure packed

Logistics is a fast-paced, demanding and competitive industry. With so many other companies vying for the same business, it's important to come to work and give it your all.

What are 3 hard skills that a good supply chain professional need? ›

Hard Skills of a Supply Chain Functional Consultant
  • Enterprise Resource Management. ...
  • Business Intelligence Solutions. ...
  • An Understanding of Market Dynamics. ...
  • Risk Management. ...
  • Supply Chain Strategy and Analytics. ...
  • Project Management.
3 Mar 2022

What business job makes the most money? ›

Top 10 Highest Paying Business Jobs
  • Human Resource Manager. ...
  • Sales Manager. ...
  • Operations Manager. ...
  • Business Analyst. ...
  • Data Scientist. ...
  • Accounting Manager. ...
  • Finance Manager. Qualification: A bachelor's degree in finance management. ...
  • Product Manager. Qualification: A bachelor's degree in business administration or management.
29 Aug 2022

Is supply chain management hard to study? ›

Is Studying Supply Chain Difficult? Because supply chain management is so diverse, its learning difficulty will depend on the things you find easy and hard. Below are some scenarios. Fundamental math and language skills can make many of supply chain management's aspects more accessible.

What is Job 1 in supply chain management? ›

Supply Chain career #1: Procurement Agent

A Procurement Agent is responsible for obtaining the materials a company needs to manufacture its goods or provide its services. The core objective of this role? To raise company profits by making the most high-quality and cost-effective purchases.

Are supply chain workers happy? ›

4. High Job Satisfaction. Another reason to pursue a supply chain job is that workers in the field report high satisfaction. While 85% of workers across all industries say they're displeased with their jobs, 80% of supply chain workers said they're very satisfied with theirs.

Is supply chain a good career? ›

Supply chain work is rewarding.

Industry professionals love what they do. In fact, on a scale from 1 to 10, 88% have a positive outlook on their careers and would recommend supply chain as a rewarding professional path to others. In addition, 45% of industry professionals enjoy four weeks or more paid time off.

Is supply chain a stressful job? ›

Supply chain management can be rewarding, but it isn't for everybody. SCM professionals typically work long hours under heavy stress. Problems arise quickly and unexpectedly and demand immediate solutions—think resolving a last-minute shipping issue halfway across the world in the middle of the night.

Which country is best for supply chain management? ›

Best countries to study supply chain management
  • Supply Chain Management in USA.
  • Supply Chain Management in Canada.
  • Supply Chain Management in UK.
  • Supply Chain Management in Germany.
  • Supply Chain Management in France.
  • Supply Chain Management in Australia.
  • Supply Chain Management in Spain.
  • Supply Chain Management in Morocco.

Is supply chain a high demand job? ›

Career Benefits

Procurement, Logistics, and Supply Chain Management are some of the fastest growing fields nationwide. According to the U.S. Bureau of Labor Statistics, employment of logisticians is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations.

How many hours a week does a supply chain manager work? ›

While some supply chain managers are very hands-on, traveling to manage day-to-day tasks in warehouses and terminals, others stay close to the office to formulate demand forecasts, and troubleshoot customer issues. Regardless of focus, most work 40 hours per week or more.

Is supply chain a lot of math? ›

Yes. Many advanced tools and techniques in supply chain planning, such as machine learning, inventory management, predictive maintenance, and automation, all rely heavily on mathematics.

How many hours do you work in supply chain? ›

Usually work 40 hours a week. However, overtime is common during project deadlines.

How long is supply chain management course? ›

b. Minimum duration: Three years. c.

What should I study for supply chain management? ›

The Supply Chain Management Specialization is made up of four basic courses in logistics, operations, planning, and sourcing, followed by a capstone course in Supply Chain Management Strategy. The Supply Chain Logistics course will cover transportation, warehousing and inventory, and logistics network design.

What questions should I ask in a supply chain interview? ›

Supply chain management interview questions
  • What is supply chain management? ...
  • What would you do if your warehouse ran out of stock? ...
  • Which skills are needed to be successful in supply chain management? ...
  • Are you updated on current supply chain management trends? ...
  • Do you have experience collaborating with overseas suppliers?

Who is the most important person position in a supply chain? ›

As a supplier, you must know your supply chain on the tips of your fingers. One more thing you must also know is that your sales rep is the most important person in your supply chain.

What jobs can make you a millionaire? ›

Jobs that better your chances of becoming a millionaire
  • Professional athlete.
  • Investment banker.
  • Entrepreneur.
  • Lawyer.
  • Certified public accountant.
  • Insurance agent.
  • Engineer.
  • Real estate agent.

What is the happiest business job? ›

They looked at jobs from different industries, from teachers to doctors to even janitors, to figure out who are the happiest employees. Can you guess which job had the happiest employees? The answer is construction workers! Construction workers had the highest job satisfaction.

Why is supply chain difficult? ›

Rising price of fuel to transport goods by road, sea or air. Increasing commodity prices raising the cost of raw materials. Higher labor costs from suppliers and manufacturers. Complex international logistics leading to higher charges for storage, transfer and management of products.

Where can I work after studying supply chain management? ›

Jobs in the industry of logistics and supply chain management include, but are not limited to industry analyst, project manager, global logistics manager, operations director, transportation director, supply chain sales, supply chain consultant, and procurement analyst/purchasing manager.

Why should I study supply chain management? ›

Why is supply chain management important? Supply chain management is regional, national and global – it is everywhere. Without it, the wheels of industry and the economy would grind to a halt. Many aspects of our day-to-day lives depend on the ability to manage supply chains successfully within a global economy.

What are the job opportunities after supply chain management? ›

Some of the most promising jobs in supply chain management are Production Planner, Logistics Resource Planner, Production Manager, Maintenance Supervisor/Manager, Quality Manager, Purchasing Manager, Warehouse Manager, Purchasing & Inventory Controller, Procurement Specialist, Logistics Administrator/Manager, Transport ...

What skills do supply chains need? ›

ability to use data to track orders and shipments, sales trends, demand and any weaknesses and inefficiencies. understanding of technology—artificial intelligence, machine learning, Internet of Things, analytics software and apps. soft skills to negotiate and build relationships with suppliers, customers and team ...

Will supply chain get better in 2022? ›

It's been an eventful two years in the supply chain industry. But, while complications still exist as we head into the fall of 2022, we are starting to see easing pressures in shipping and transportation, where things are moving faster and at higher volumes.

What is the future of supply chain management jobs? ›

By 2030, automation is likely to transform the work of supply chain managers to an agility-based, transformation-oriented role. The truth is, while automation has reduced the effort required in areas like procurement, maintenance, production planning, etc the overall hiring in Supply Chain space continues.

Does supply chain have a future? ›

Future supply chains will need to be much more dynamic—and be able to predict, prepare, and respond to rapidly evolving demand and a continually changing product and channel mix. In short, supply chains will need to become agile.

Is supply chain a desk job? ›

Supply chain managers work in a variety of settings. They may transition from working at a desk in an office to observing operations in a manufacturing or warehouse facility. They may also travel to meet with suppliers and other partners.

What type of job is supply chain? ›

Supply chain touches every step in the product life cycle; from growing, mining or creating a material to delivering it into the hands of the consumer, plus all the activities in between: sales and operations planning, new product development and engineering, risk management, corporate social responsibility, and so ...

What are the 4 main areas of supply chain? ›

The supply chain management process is composed of four main parts: demand management, supply management, S&OP, and product portfolio management.

Which is better logistics or supply chain management? ›

Logistics focuses on the efficient and cost-effective delivery of goods to the customer. Supply chain management targets higher operational performance that will give the business a competitive advantage.

What are the 5 biggest supply chain issues? ›

Shippers' Top 5 Supply Chain Challenges:
  • Keeping transportation costs down.
  • Keeping up with customer/industry demands.
  • Sourcing consistent, reliable carrier capacity.
  • Keeping up with the latest technology solutions and demands.
  • On-time pickup and delivery performance.
30 Sept 2022

Which jobs are high in demand and low in supply? ›

12 high demand jobs
  1. Computer manager. Computer managers oversee a company's network and IT services, ensuring users can access required software and tools without interruption. ...
  2. Paralegal. ...
  3. Technical writer. ...
  4. Web developer. ...
  5. Financial manager. ...
  6. Medical assistant. ...
  7. Software developer. ...
  8. Market research analyst.
13 Jul 2022

How do I become a successful supply chain manager? ›

These Are the 7 Supply Chain Leaders' Skills You'll Really Need
  1. Information Technology and Automation Knowledge. ...
  2. A Grasp of Economics and Market Dynamics. ...
  3. Understanding Cost-to-serve. ...
  4. The Skill of Flexibility. ...
  5. Project Management Skills. ...
  6. The Ability to Get the Best from People. ...
  7. The Know-How to Negotiate.
26 Apr 2022

What does a supply chain manager do daily? ›

Supply chain managers keep track of logistics and update the company's inventory. They analyze operational performance and resolve issues. They also collaborate with vendors and suppliers to ensure all operations (e.g. shipping, delivery) meet quality and safety standards.

Can you make 6 figures in supply chain management? ›

The jobs you can do with a supply chain management degree involve overseeing the coordination and allocation of the supplies businesses need in order to run effectively. Many of these occupations offer above-average salaries, including some with six-figure wages.

Is a career in supply chain worth it? ›

Industry professionals love what they do. In fact, on a scale from 1 to 10, 88% have a positive outlook on their careers and would recommend supply chain as a rewarding professional path to others. In addition, 45% of industry professionals enjoy four weeks or more paid time off.

Is a supply chain major worth it? ›

Over the next five years, job growth for supply chain and logistics professionals is projected to be 4.8%. This high-stakes job also commands high salaries. The median salary for transportation, storage, and distribution managers in the United States is $94,723. Supply chain management can cover a wide variety of jobs.

Is it hard to study supply chain management? ›

Is Studying Supply Chain Difficult? Because supply chain management is so diverse, its learning difficulty will depend on the things you find easy and hard. Below are some scenarios. Fundamental math and language skills can make many of supply chain management's aspects more accessible.

Do supply chain managers travel a lot? ›

Many logistics jobs necessitate frequent international travel. Although these trips focus far more on work than sightseeing, they offer an array of opportunities for those eventually hoping to break into the field of international business.

Why should I study supply chain? ›

Managing supply chains successfully leads to increased efficiencies, higher profits and lower costs, and better management of consumer supply and demand. And it's a career field that is growing. Jobs in supply chain management will continue to grow as the global supply chain continues to change and evolve.

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