Best Institutes Offering Logistics and Supply Management Courses in India

Best Institutes Offering Logistics and Supply Management Courses in India

The logistics and supply chain industry is a new career field in India since the field is relatively young and still developing. This has led to a situation where demand exists but there is little knowledge about the industry and attention being paid to it. Even with many endeavors taking place, the industry will require time to grow as an educational giant. Nonetheless, when the field is advancing, it is essential to get the hands-on proper facilities; the institutions that provide good knowledge and add value to these courses are the most critical.

What is Logistic and Supply Chain Management?

A logistical process involves the management of transport flows and the storage of goods and services from their origin to the times when they are consumed. These movements include inbound and outbound travel, but not forecasting or procurement.

Supply Chain Management (SCM) consists of monitoring materials, information, and finances as they move from suppliers to manufacturers to wholesalers to retailers to consumers. The goal of SCM is to coordinate and integrate these movements within and between companies in order to make products readily available when needed.

Supply chain management can be divided into 3 main flows:

• Product flow
• Information flow
• Finances flow

In other developing countries, the average logistics expenditure is 10%. In India, it is 13%. By 2022, the Indian logistics industry will require 28.4 million skilled people in the field of warehouse management. In the logistics industry, technological change requires a workforce with a wide variety of skills. The Indian logistics industry is at an inflection point, with market size of over $125 billion in 2020.

It is in this industry that most of the supply chain management and logistics professionals are employed and all other industries depend on these professionals for some of their work. These skills can be learned in certain institutes that offer good training in the basics and expert knowledge of them.

Obtaining an MBA in Supply Chain Management gives you a solid understanding of business principles while learning the fundamentals of supply chain management. MBA programs in supply chain management will help students learn how to analyze relationships and interactions with supply chain partners through ethical and legal lenses; evaluate supply chains for efficiency and effectiveness; use a systems approach to evaluate the interrelationships and competitive advantage of an efficient and effective supply chain.

Given below is a list of top Management Institutes in India with the course they are offering

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