There are a lot of companies in the supply chain, and they all work together to make almost every product that comes into contact with a customer. This is the idea behind supply chain management. Even though supply chains have been around since the beginning of time, the field of Logistics and Supply Chain education has only recently been considered in depth.
In the past, companies have tried to spread their production around the world in order to cut costs and grow their customer base. Effective supply chains have been found to improve efficiency and make sure things get to their end-users as quickly as possible.
Let’s discuss the value of Logistics and Supply Chain education.
A professor at Arizona State University’s Carey School of Business tells us that businesses don’t compete; supply chains do. In the past, supply chain executives didn’t have a say in strategic decisions.
As a result of the recent media attention, many universities are witnessing a spike in supply chain studies interest. Students and, more crucially, parents are becoming more familiar with supply chains and are seeking out Logistics and Supply Chain education.
Students in many professions have realised the importance of supply networks. It attracts students from science, medicine, business, public health, and engineering.
The pandemic was the sole topic of the course in 2020. Personal protective equipment (PPE) shortages, ventilators, testing, staffing, and critical care unit capacity were among the issues studied by the students. “It was the most active session I’ve ever taught,” Sinha adds, noting that enrolment had increased in the last year.
Risk management, resilience, and agility are all important concepts, but they are gaining traction. According to Caroline Chumakov, principal analyst, supply chain students will spend more time recognising, assessing, and responding to risk. She predicts that “more of this will be incorporated into functional course content.”
It’s hard to figure out why it’s important for supply chain workers to be ready for natural disasters or pandemics. But it’s not as easy as, say, cutting inventory costs. COVID-19 could change that.
While some expected the pandemic’s urgency to put other social and environmental concerns to the background, the opposite happened. “The epidemic exposed societal disparities and brought those challenges to light,” Handley says.
As a result, many professors review of eduzaurus are devoting more time and attention to issues of diversity, equity, and inclusion (DEI). Many organisations are adding discussions on these topics. They recognise that they are not isolated problems, but rather vital to operations.
Companies and colleges are also teaming up to promote DEI efforts. For example, Gebrüder Weiss’s (GW) scholarship programme is to form a diversified workforce in logistics. It also aims to provide educational opportunities for persons with economic issues.
Many businesses are working to create “purpose-driven” supply chains. These supply chains consider their influence both inside and outside their enterprises. Their methods include sustainability and DEI, as well as efficiency and cost savings.
Some people who make clothes started making masks and other things to keep people safe early on in the epidemic. As the idea of purpose-driven supply chains becomes more popular, more university programmes are likely to use it.
The importance of technology and digitization in logistics, as well as supply chain education, is growing. “It’s impossible to overstate how frequently technology comes up in discussions about supply chain talent,” Chumakov says.
This has resulted in a greater emphasis on advanced analytic approaches at the graduate level. Furthermore, she expects this trend to continue at the undergraduate level. She adds that effective programmes will continue to emphasise the business-technology relationship.
Logistics and Supply Chain Education Through Many Channels
In the spring of 2020, supply chain classes, like those in most other fields, mostly shifted online.
It keeps getting better as teachers become more used to working online and video technology gets better. The difference between online and physical classes is very small. In some programmes, like lecture courses with a lot of people taking the same class at once.
Many academics have found that online seminars focus on math problems. For example, making an Excel spreadsheet with a demand forecast, are very popular. It could be a good idea for students who work or have other things to do to take online classes.
As a guest lecturer programme doesn’t have to travel, an online approach increases the number of people who could be on the show, increasing the value of Logistics and Supply Chain education.
Alisia Stren is an excellent writer in different niches. She is a professional at heart, her experience working at different blogs led to a passion for making social science topics more approachable and exciting to readers. A well-designed natural experiment is her favourite type of research, but she also loves qualitative methods of all varieties.