Supply Chain Management is an essential aspect of any industry into manufacturing or distribution or both. Whether it’s Ford or GM manufacturing their cars with thousands of parts being sourced from several vendors across the world or Amazon aggregating goods from suppliers at their warehouses and then selling them to customers, Supply Chain Management is uber present, and it is the lifeline of the industry. Due to Supply Chain Management’s immense importance, the industry seeks professionals who understand the various aspects- running the operations and seeking breakthroughs in it. The demand for Supply Chain Management professionals has dramatically increased in the last two decades due to the spread of globalization of industries and the rise of E-commerce. A Masters in Supply Chain Management program puts one in the driver’s seat of the Supply Chain of a company with skills to manage the existing supply chain and revamp it from time to time in the manufacturing world’s dynamics. An online Master’s Degree in Supply Chain Management is even more helpful considering that it can be pursued from the comfort of your home or along with your current job and can work so well for career progression within your existing company or open new doors for you to other companies. This guide sheds light on all aspects of Masters in Supply Chain Management Online programs.
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Once you are convinced about the potential of Supply Chain Management education, it is time for you to zero-in on the program suited best for you. Due to the heavy demand for Supply Chain Management professionals, many schools are offering Online Programs. We have gone through the exhaustive list of all such programs and have selected the best Supply Chain Management Schools for you. Here are the best online masters in supply chain management programs:
Higher education has been getting increasingly expensive, and Supply Chain Management is no exception to this. We have researched the best programs to bake in the important aspect of affordability and have created the most affordable online supply chain management degrees that offer high-quality education and light on your pocket. Here is a list of the affordable online masters in supply chain management degree programs:
Understanding Masters in Supply Chain Management Programs
Supply Chain Management is a subject that deals with sourcing raw materials and components required by companies to manufacture their products. People who work in Logistics focus on improving the supply chain’s overall performance to ensure the fastest possible delivery. This is achieved through efficient planning, which allows enterprises to reduce excess inventory and storage costs. Therefore, it is no surprise that industries with complex supply chains have a tremendous demand for world-class supply chain managers. A Master’s in Supply Chain Management degree equips one to understand all the aspects in-depth and get intensive application knowledge to become a successful professional.
A Master’s in Supply Chain Management can be pursued mainly through either an MBA (Masters in Business Administration) or an MS (Masters of Science). While the MBA program deals with the Supply Chain aspects in the business landscape, the MS dives deep into the engineering and technology aspects of the Supply Chain.
In this section, you will get to know more about the MS in Supply Chain Management. For more details on the Supply Chain Management MBA online programs, you can read about it here.
Masters in Supply Chain Management Online Degree Types
MS in Supply Chain Management
The efficient and timely flow of goods and services across the globe is vital to the world economy. A Masters in Supply Chain Management online puts you in the driver’s seat to control the flow of goods and services across a myriad of supply chains.
Supply Chain Management MBA Online Programs
For more details on the Supply Chain Management MBA online programs, you can read about it here.
Specializations in Supply Chain Masters Programs
Since supply chain management is such a vast area, it has various concentrations available like Logistics, Operations, International Supply Chain Management, Procurement, Digital Supply Chain Management, Supply Chain Analytics, to name a few.
We cover below a few top concentrations in detail, which are highly regarded and coveted by the industry:
Masters in Logistics
The program exposes you to the local and global dimensions of transport, procurement, distribution, logistics, and supply chain management, enabling you to address network design and global logistics issues. Case studies of world-class global organizations such as Apple, Amazon, and Nike help you understand the role of effective logistics in maintaining sustainable competitive success, innovation, and market leadership.
Masters in Global Supply Chain Management
A candidate with this specialization will obtain global supply chain skills and knowledge underscored by strong analytical, quantitative, and leadership skills needed to design innovative solutions and predict future trends and become a leader in the fast-moving business landscapes in the global supply chain system. The Masters in Global Supply chain management is an interdisciplinary program that integrates concepts from the supply chain, operation management, analytics, data visualization, industrial engineering, global business, and management.
Purchasing and Supply Chain Management Degree
A Supply Chain Professional needs to source both locally and globally, apply the latest digital technologies, and increase supply chain risks and ensure a sustainable supply chain. Purchasing and Supply Chain Management Degree equips a candidate to be multi-skilled international movers with an understanding of procurement, global sourcing, supply chain strategies, negotiation, and commercial law.
Online Masters in Procurement
The Online Masters in Procurement students gain a better understanding of the nature of commercial, international, and government contracts and lays a strong foundation for comprehending federal procurement practices. Procurement management is a broad field of study, and students are exposed to various principles and management techniques. The programs cover everything from the legal framework of contracts to the techniques of cost and price analysis. Students gain a mastery of important terminology and concepts used in the field of procurement management.
MS in Operations and Supply Chain Management
This program focuses on giving a rigorous and comprehensive introduction to the tools, techniques, and frameworks that can be used to increase efficiency in operations and supply chain processes across both manufacturing and service industries. Supply chains exist for every product and service that we consume, directly or indirectly. Apart from theoretical frameworks, candidates stand to gain practical aspects through case studies and application-oriented coursework.
Masters degree in transportation and logistics management
This program is specifically meant for students aiming to make careers in transportation and logistics of goods by shipping, aviation, or surface. The program covers laws and regulations that relate to the transportation of goods throughout the world. You will also learn other important principles, such as supply chain, logistics management, and inventory control systems
Curriculum and Skills Gained in Masters in Supply Chain Management Online Programs
Since we are talking about a Master’s program, the curriculum is a thoughtful mix of theory and practical skills. The industry highly regards skills, and students learn these through the online Supply Chain Management courses. Here are a few salient areas or subjects you will learn in the Supply Chain Management courses.
Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible
Project management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints.
Supply Chain Management
Supply chain management manages the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace
Strategic Sourcing and Procurement
Strategic sourcing and procurement is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price. It is a process that connects data collection, spend analysis, market research, negotiation, and contracting.
Global Supply Chain Management
Global supply chain management involves planning how the entire supply chain will function as an integrated whole to generate an optimum level of customer service while being as cost-efficient as possible.
Supply Chain Analytics
Supply Chain Analytics identifies known risks and helps to predict future risks by spotting patterns and trends throughout the supply chain. It increases accuracy in planning by analyzing customer data and helps a business better predict future demand.
Accreditation for Masters in Supply Chain Management Online Programs
A Master’s program is a significant investment of time, effort, and a little bit of money for a student. The claim made by a program should leave no doubt in a student’s mind while deciding on choosing a program. An accreditation does exactly that by recognizing a registered government or an equivalent reputed agency about the worth of a Master’s program. You can read in detail about this in another section on our website here. Here are the top organizations that give these recognitions about accredited online Supply Chain Management Degrees.
HLC is a regional accreditor in the United States. It accredits post-secondary education institutions in the central United States: Arizona, Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, West Virginia, Wisconsin, and Wyoming. The headquarters of the organization is in Chicago, Illinois. The US Department of Education and the Council for Higher Education Accreditation recognize the commission as the assigned regional accrediting organization.
It is an institutional accrediting agency serving a diverse membership of public and private higher education institutions throughout California, Hawaii, and the Pacific, as well as a limited number of institutions outside the US Through its work of peer review, based on standards, agreed to by the membership, the commission encourages continuous institutional improvement and assures the membership and its constituencies, including the public, those accredited institutions are fulfilling their missions in service to their students and the public good. The US Department of Education recognizes the WASC Senior College and University Commission (WSCUC) as certifying authority for institutional eligibility for federal funding in many programs, including student access to federal financial aid.
ABET accreditation assures that a college or university program meets the quality standards of the profession for which that program prepares graduates. We accredit programs, not institutions. We provide specialized accreditation for post-secondary programs within degree-granting institutions already recognized by national or regional institutional accreditation agencies or national education authorities worldwide
Timeline for graduation from Masters in Supply Chain Management Online Programs
Many students going for the Master’s program will have time as an important consideration because of the possible opportunity costs. Some students could be going for Masters straight after their Undergraduate studies while others would be pursuing Masters after work experience. According to our research on the various college’s offerings a Masters in Supply Chain Management online program, the duration varies from 12 months to 60 months. Keeping in mind the opportunity costs involved for candidates looking at these programs, accelerated or fast track options allow you to complete the course in a much shorter time while maintaining the curriculum quality and depth. Some programs are full-time, and others are part-time. Even part-time programs don’t miss out on the academic rigor expected of a Master’s program. Some of these consist of core modules with various courses and a final module that is dedicated to thesis research.
Masters in Supply Chain Management Online Programs Admission Requirements
Admission requirements vary from one university to another for a Master’s in Supply Chain Management. We look at some of the common admission requirements.
GPA of Undergraduate
GPA or Grade Point Average of your Undergraduate is an important criterion that most reputed universities consider for admission
GRE or Graduate Record Examination tests candidates on Verbal, Writing, and Numerical abilities. Several Universities require GRE scores as an admission requirement. You can read more about GRE in our other section.
Graduate Management Aptitude Test (GMAT) tests candidates on similar sections and an additional Integrated Reasoning section. Some sections are tougher than those in GRE, while others are easier. You can read more about GMAT in our detailed post here.
A few reputed universities ask for relevant work experience of 2 years or more in Supply Chain Management to have a qualified student body for this course
Masters in Supply Chain Management Online No GMAT/ GRE Programs
In the previous section, we took you through some of the admission requirements by Universities like GRE or GMAT. Some of the working candidates may not get time to prepare for these gating examinations to get into Master’s programs, which may come in the way of their career progression.
Universities understand that well, and some of them waive off the requirement of GRE or GMAT and offer Online Masters in Supply Chain Management no GMAT no GRE programs. Some universities look for a higher GPA score of 3.2 or more. Others seek quality work experience in the candidates who have already worked in the domain of Supply Chain Management.
You can be rest assured that all these programs are accredited, which means that they deliver the right curriculum that meets the high standards of the accreditation organization and is in line with the industry requirements. We outline below a list of these Universities for you.
The Internet has democratized a lot of professions like publishing books, music, and even education. The advent of Massive Open Online Courses or MOOCs has democratized education in a big way, and now anyone can learn from anywhere. MOOCs came into the limelight with the outstanding course on Artificial Intelligence offered by Sebastian Thrun, Professor of Computer Science at Stanford University and ex-Googler, that saw 1.6 million students signing up for his course. Most of these online courses are free for learning and charge only if you want to have a completion certificate.
There are free supply chain management courses also available online. A point to note here would be these Free courses are not accredited supply chain management courses. For your reference, we have tabulated below some of the top Free Supply Chain Management course:
You will learn how to apply probability, statistics, optimization to supply chain modeling and analysis. Further, you will learn how to understand and use fundamental models to make trade-offs between forecasting, inventory, and transportation. You will be able to design supply chain networks and financial and information flows and how technology is used within supply chains, from fundamentals to packaged software systems.
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. The Supply Chain Operations course covers techniques used to optimize flow and focuses specifically on Six Sigma quality and Lean practices. In the Supply Chain Planning course, you’ll master different forecasting approaches. The Supply Chain Sourcing course deals with different techniques that help you create lasting and productive supplier relationships. Finally, in the capstone course on Supply Chain Management Strategy, you’ll solve a real-life business case.
From logistics to large-scale warehouse management, this free supply chain management course could be just the ticket for your long-term career goals. The more you understand the way supply chains work, the higher the likelihood you will secure a rewarding career. This online free course, complete with all required learning materials and free from time restrictions or deadlines. Study from anywhere in the world at your own pace with absolutely no strings attached. Course content focuses on four essential topic areas: an overview of supply chain management as a profession, the mechanics of the working supply chain, participants in supply chain activities, and sourcing operations.
How to Pay for Masters in Supply Chain Management Online Programs
Tuition fees is an important criterion considered by candidates going for higher education. Rising tuition fees has been a growing concern. According to CNBC, during the 1978 – 1979 school year, it cost the modern equivalent of $17,680 per year to attend a private college and $8,250 per year to attend a public college. By the 2008 – 2009 school year, those costs had grown to $38,720 at private colleges and $16,460 at public colleges. Today, those costs are closer to $48,510 and $21,370, respectively. That means costs increased by roughly 25.3% at private colleges and about 29.8% at public colleges.
Still, earning a college degree remains a strong investment. There are several ways that a student can pay for Masters in Supply Chain Management online programs.
The online Master’s degrees offer an affordable way to learn the same academically rigorous curriculum and earn similarly accredited degrees.
There are different ways that a student can pay for the online Master in Supply Chain Management.
tuition is another way of paying for your online Master’s degree. If you are working somewhere and have negotiated a sabbatical that your employer will pay for or a prospective employer who is going to absorb you in their organization and pick up the fee tab, then this option works for you. Please note that all employers have this option or extend it when employees meet certain criteria.
You can go for FAFSA or The Free Application for Federal Student Aid, a form that determines your financial aid from the government and most colleges. The form collects personal and financial information from students and parents and applies a formula to determine your Expected Family Contribution or EFC. Federal aid itself offers different programs for different students and their family backgrounds: Pell Grant – A grant of up to $6,195 (as of the 2019–2020 Award Year) for students with a low expected family contribution. Then there is Federal Direct Subsidized Loan – Part of the Federal Direct Student Loan Program, Federal Direct Subsidized loans are need-based loans whose interest is paid by the government while the student is enrolled at least half time. Direct Subsidized Loan have fixed interest rates for the lifetime of the loan. The interest rates for new loans are set yearly by the US Congress. There is also the Federal Direct Unsubsidized Loan – Part of the Federal Direct Student Loan Program, Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive them. Unlike Federal Direct Subsidized Loans, Direct Unsubsidized Loans accrue interest the moment they are applied to a student’s tuition account. Similar to Direct Subsidized Loans, Direct Unsubsidized Loans have fixed interest rates set yearly by the US Congress. Finally, the Federal Work-Study Program – An employment program that encourages students with low expected family contributions to find part-time work while pursuing their studies. The program allows the federal government to subsidize a student’s employer by paying around half of the student’s wages up to a certain amount. Students do not need to have Federal Work-Study to work, but some university or non-profit positions may require a student to have Federal Work-Study to be employed.
which are need or merit-based and do not have to be paid back
Grants which are need-based and do not have to be paid back
which have to be paid back with interest; federal loans are preferred over private
Scholarships for Masters in Supply Chain Management Online Students
Scholarships go hand in hand with education to encourage and enable students to meet the financial requirements. Especially when it comes to higher education, where the costs can be prohibitive for economically disadvantaged students, scholarships are a boon. While a few scholarships are only meant to cover the program’s cost, others can be even more generous and provide for a little extra for subsistence.
While there are quite different ways to pay for the Masters in Supply Chain Management as outlined in the previous section, aspiring students can also seek financial support from certain scholarships to fund their tuition fees. Scholarships for Masters in Supply Chain Management programs offer fully funded or partial support, and you can find a list of Supply Chain Management scholarships for students in this section.
CSCMP Future Supply Chain Star ScholarshipIn collaboration with the Materials Handling & Management Society (MHMS), the Chicago Roundtable of the Council of Supply Chain Management Professionals (CSCMP) awards the Future Supply Chain Star Scholarship annually for up to $2,000 to students enrolled at colleges or universities in the Chicago area to pursue a career in the supply chain management or logistics industry. Applicants must have a minimum cumulative GPA of 3.0, submit a personal portfolio, and write a 750-word essay outlining their career goals in today’s supply chain community. With the tuition support, recipients will receive a one-year CSCMP membership and free attendance at the CSCMP Chicago Annual Conference with hotel arrangements. The deadline is April 3, 2021.
ACI-NA Commissioners Scholarship FundTwice each year, the Airports Council International-North American (ACI-NA) offers $2,500 through the Commissioners Scholarship Fund for up to three students pursuing a business degree concentrated in operations management to work towards a career in airport operations and management. Eligible applicants must be officially enrolled in an accredited undergraduate or graduate program, have completed at least one college semester successfully, reside in the United States or Canada, and maintain a minimum cumulative GPA of 3.0. An official transcript, two letters of recommendation, a current resume, and a 500-word personal statement must accompany the scholarship’s Form 101-06 application. The deadlines are December and April 15
FAQs about SUPPLY CHAIN MANAGEMENT Programs
Despite all the information you have, it’s never too easy to make up your mind when taking a crucial decision like the one with a Master’s Degree in Supply Chain Management. Be rest assured, you are not alone. If there are a few doubts and questions which you still might have, like others, we clarify those here:
Q: Which University is Best for Supply Chain Management?
A: With a plethora of options, it’s never too easy. Wisemen say to go for the one that suits you rather than going by mere ranking of the college and the program—factor-in costs, duration, curriculum quality, and scholarships available. Of course, you can always go through the rankings in our relevant section here.
Q: What is Supply Chain Program?
A: In commerce, supply chain management, the management of the flow of goods and services, money and information, involves the movement and storage of raw materials, work-in-process inventory, and finished goods, as well as the end to end order fulfillment from the point of origin to the point of consumption. Interconnected, interrelated, or interlinked networks, channels and node businesses combine to provide products and services required by end customers in a supply chain. Supply-chain management has been defined as the design, planning, execution, control, and monitoring of supply chain activities to create net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally
Q: Is Masters in Supply Chain worth it?
A: A master’s degree is probably most useful if you work in the procurement, sourcing, buying, and merchandising side of Supply Chain Management and least useful in transportation and distribution. Logistics is a field experiencing rapid growth, and the demand for supply chain experts is very strong.
Q: Are online courses in Supply Chain Management accredited?
A: Yes, accreditation is an important criterion in selecting the right Master’s program in Supply Chain Management, and you should consider only the ones which have been accredited by reputed international accreditation organizations. You can read more about it here
Q: Should I get a master’s in Supply Chain Management?
A: A Master’s in Supply Chain Management degree equips one to understand the aspects of sourcing raw material and components, transportation, and costs involved in-depth. They also get intensive application knowledge to become successful professionals. They learn about efficient planning, which allows enterprises to reduce excess inventory and storage costs. Therefore, it is no surprise that industries with complex supply chains have a tremendous demand for world-class supply chain managers. There are various specializations available, offering deeper expertise in each of these aspects.
Careers and Salary Outlook for Masters in Supply Chain Management Graduates
Online programs in Master’s programs in Supply Chain Management are bound to take you to the next orbit of a stellar career in the fast-growing Supply Chain Management industry. Between 2010 and 2020, the number of available jobs in the supply chain will grow by 26 percent. Currently, the demand-to-supply ratio of jobs to qualified individuals is six to one. In a few years, that could be as high as nine to one. All this tells us that the candidates will be in bargaining power when it comes to negotiating salaries.
The online Master of Science in Supply Chain Management salary clearly tilts the scales in its favor, and needless to say, it makes a strong case to enroll for a master of science in supply chain management program right away. As per the US Bureau of Labor Statistics estimates, here are a few occupations with their job descriptions, median pay, and job outlook for your ready reference.
Logisticians analyze and coordinate an organization’s supply chain
Transportation, Storage, and Distribution Managers
Plan, direct, or coordinate transportation, storage, or distribution activities in accordance with organizational policies and applicable government laws or regulations
Supply Chain Managers
Direct or coordinate production, purchasing, warehousing, distribution, or financial forecasting services or activities to limit costs and improve accuracy, customer service, or safety. Examine existing procedures or opportunities for streamlining activities to meet product distribution needs. Direct the movement, storage, or processing of inventory.
Certifications and Licensing for Supply Chain Management Graduates
Technically speaking, a candidate doesn’t need any certifications. However, it’s not a bad idea to have an educational background in Supply Chain management. Just like field experience is a “nice to have” and not absolutely mandatory for Supply Chain managers, a Supply Chain certification is helpful but not 100% necessary for all job seekers. Not all of them can be called cheap supply chain certification, but they certainly add to the career progression opportunities to a Supply Chain Management degree. We outline below a few coveted ones:
APICS Certified Supply Chain Professional certification (CSCP) – The Association for Supply Chain Management (APICS) offers three certifications to demonstrate your SCM skills. To be eligible to take the CSCP exam, you’ll need three years of related experience or a bachelor’s degree or international equivalent. To maintain the certification, you will need to earn a total of 75 professional development points every five years. If your certification isn’t maintained within five years, it will expire before the 10-year mark, and you will be required to retake the exam. Every year your certification is suspended; you will need to submit an additional 15 professional development points.
Exam fee: $695 – $965, Expiration: 10 years
SOLE Certified Professional Logistician (CPL) – The International Society of Logistics (SOLE) offers a Certified Professional Logistician (CPL) certification in logistics, which is a key element of supply chain management in certain industries such as commerce, defense, federal and local government agencies, and education. The exam takes place over a six-hour period, with three two-hour sessions; you will need to pass all three exams before earning your certification.
To qualify for the CPL exam, you will need at least nine years of experience practicing or teaching logistics and two years of experience in at least two logistics fields. Each year of undergraduate accredited coursework in logistics subjects is equivalent to one year of professional experience, up to four years. For those with a master’s degree or doctoral degree, you’ll need four or three years’ additional experience, respectively.
Exam fee: $225 – $375, Expiration: Does not expire
SCPro Council of Supply Chain Management Professionals (CSCMP) – This certification is unique in that it combines a multi-level education with a three-tiered exam process. There are three levels of SCPro certification, and the first level, Cornerstones of Supply Chain Management, covers the fundamentals and eight elements of supply chain management. At the second level, Analysis and Application of Supply Chain Challenges, you’ll be tested on your ability to apply SCM knowledge in different scenarios. The third and final level, Initiation of Supply Chain Transformation, certifies your ability to “positively impact an organization” through a hands-on project that demonstrates your skills.
You will need to renew your certification for all three levels every three years, which will require 60 hours of eligible professional development activities. You will need to complete at least 20 hours of professional development annually, but no more than 30 hours per year.Level 1 exam fee: $650 – $975 Level 2 exam fee: $1,095 – $1,500 Level 3 exam fee: N/A Expiration: 4 years
Additional Resources for Supply Chain Management Professionals
The power of a network can’t be emphasized more. LinkedIn is completely built and has grown basis the significance of networking that professionals seek. A master’s in Supply Chain management online is not just for building a strong academic foundation in Supply Chain fundamentals but also a great point to start networking with professionals for your career ahead. There are various professional organizations and groups that you can be associated with as a Member and stand to gain a lot in networking and career opportunities that come along with them. There are quite a few professional organizations for Supply Chain management professionals, but finding just a few is a great place to start. We list down a few important ones below:
APICS is a Professional organization for those working in operations management, “including production, inventory, supply chain, materials management, purchasing, & logistics.” APICS has info on certification programs such as the Certified Supply Chain Professional. It also offers white papers, industry news, a buyer’s guide, & information on educational opportunities. Additional information is available to APICS members, such as best practices, the APICS Dictionary, & a database of enterprise software reviews.
A professional association for SCM professionals (formerly known as the Council of Logistics Management – CLM). CSCMP also offers information on membership, conferences, other educational opportunities, case studies, and a career center.
“Supply Chain Council (SCC) is a global non-profit organization whose framework, improvement methodology, training, certification, and benchmarking tools help member organizations make dramatic, rapid, and sustainable improvements in supply chain performance.” The site has info on the Supply Chain Operations Reference (SCOR) model.
WERC is a professional association for distribution professionals.
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