LGI - Uw Supply Chain & Logistiek Specialist (2024)

FAQs

Is logistics and supply chain management difficult? ›

Supply chain management also has its unique challenges; it's not just about theory but real-world application. The major involves dealing with unpredictable variables like weather disruptions or supplier issues which require quick thinking and adaptability.

A Supply Chain Specialist coordinates shipments and works to improve supply chain processes at a company or organization. Procures materials and manages order prices and quantities; receives shipments and organizes inventories; forecasts demand, responds to changes in demand, and resolves supply chain issues.

With opportunities spanning various industries and roles, SCM can lead to significant career growth, including leadership positions. However, it requires managing high-stress levels, long hours, and continuous learning to keep pace with industry advancements.

Quantitative Math Skills:

More than ever, data is collected through computer systems, but it takes a strong mathematical mind to manage those systems. Jobs with strong mathematics components include: Analysts, Logistics Engineers, and Inventory Managers.

Almost two thirds of our member respondents (65%) said that working in supply chain management / logistics is either “Stressful” (50%) or “Very Stressful” (15%); the remaining 35% said it was “Moderately” stressful. “Supply chain is extremely stressful,” said one supply chain executive.

UW's ranking was driven by its high number of its faculty members' papers that have been cited, particularly those in the top 1 percent of the most cited papers, and its regional research reputation.

The results …

On average, supply chain and logistics professionals expect to earn $121,150 annually in 2024, with the median salary being $100,000. These salary levels are both consistent with 2023's survey results.

The majority of Supply Chain Program Manager salaries across the United States currently range between $143,000 (25th percentile) and $143,000 (75th percentile) annually.

The average supply chain specialist salary in Wisconsin is $56,035 per year or $26.94 per hour. Entry level positions start at $45,503 per year while most experienced workers make up to $89,088 per year.

What is the difference between supply chain specialist and logistics specialist? ›

In essence, supply chain management is concerned with the overall coordination and optimization of the entire global supply chain process, while logistics management is explicitly focused on the movement and storage of goods.

Yes, especially in leadership positions. Among all industries, executive-level managers earn a median annual salary approaching $100,000. The top 10% of logistics managers make an average annual salary of around $104,000.

By most metrics, supply chain roles are excellent careers that earn lucrative salaries, have strong career mobility and report high levels of job satisfaction. Furthermore, the BLS projects a much faster-than-average growth rate for supply chain roles between 2021 and 2031.

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.

Supply chain management is a challenging and complex process that requires a combination of strategic planning, risk management, cost control, technology, and collaboration. Despite the difficulties, SCM plays a critical role in the success of businesses, making it essential to tackle these challenges head-on.

It involves understanding logistics, operations, procurement, inventory management, and more. Some find it challenging due to its interdisciplinary nature and the need for both analytical and strategic thinking. However, with interest and dedication, it can be a rewarding and manageable field of study.

“Logistics itself is a very challenging area within the supply chain management domain as most of the points of failure occur during logistics functions,” Sharma says. For example, some days you may be on the hook for working out a back-up shipping plan that can have an enormous impact on an organization's bottom line.

Ensuring smooth operations

Supply chain operations can make or break a company's success. Effective management of these operations requires hard skills like data analysis, inventory control and supplier management.

Extensive Training and Planning Required – The logistics manager roles require extensive training and planning, often more than what a company anticipates. This can make the job of a logistics manager extremely stressful.