Month: January 2023

Logistics and supply chain management support customer needs and improve the buying experience. Logistics provides direct feedback on customer demand, and the supply chain analyzes customer wants and plans production levels accordingly. Reliable and cost-effective logistics pave the way for the efficient supply chain management. A well-managed supply chain ensures orders are fulfilled and on time, attracting new customers and increasing profits.

Any successful business will acknowledge the significance of effectively organized logistics, and implementing seamless logistics is critical in keeping pace with customer demands and outperforming competitors. Whatever the business size, management would want to grow and expand on a regional, international, and global level. Whatever the business location or industry, logistics can help curtail the costs and time you spend moving products from one point to another.

With effective transport organized, supply chains can guarantee high added value. Logistics is one of the most critical factors affecting the quality of supply chains. It requires a lot of special skills, knowledge, and professional management to make it look “simple.”

Logistics span a variety of and are not limited to the physical distribution of goods. Logistics help with the movement of goods and services and facilitate the transportation management process. Over the years, logistics has become integral to supply chain management.

The success of any business organization is genuinely dependent on the role and efficiency of logistics. Where supply chain management refers to coordinating and managing the flow of goods and services from the beginning till the end, logistics form an integral part of supply chain management which deals with planning and storage of the movement of those goods and services till the end customer. A supply chain has many components, including proper planning, logistics, operations, data management, etc. This article will discuss how logistics play a critical role in supply chain management.

Understanding the difference between Logistics and Supply Chain

Supply Chain Management is a broader and more complex term engulfing logistics. The supply chain deals with end-to-end optimization, whereas logistics deals with the globalization of resources. Logistics aligns the complex pattern of transportation, import and export operations, shipping and receiving, warehousing, inventory management, purchasing, production planning, and customer service. Businesses see logistics as a critical blueprint of the supply chain and use it to manage, coordinate, and monitor resources needed to move products in a timely, cost-effective, and reliable manner.

With the advent of innovative technologies in this digital era, businesses of all sizes can touch the bottom line and scale logistics operations to generate proportionate growth and success. Here are some of the essential functions of logistics that throw light on its role in supply chain management:

• Processing the order: An effective order processing system is the essential requirement for any delivery processing or transportation activities that eventually follow a kick-start if the order processing system is fast and effective. In addition, the transportation management system ensures that goods and services are delivered at the right time.
• Managing the inventory: Inventory refers to the warehouse’s stock of all finished goods. It is another vital logistics function, meaning data-driven planning needs to be carefully planned and stocked. In addition, companies use inventory management software and formulas to anticipate demand.
• Material handling: This implies storing, securing, and transferring goods throughout the manufacturing, distribution, and delivery processes. Logistics companies must store and protect the materials throughout production, warehousing, and distribution. Efficient handling of materials can ensure that the products or goods reach the customers safely with ever-rising shipping costs.
• Managing the warehouse: An extension of various inventory activities; at this level, all the handling, packaging, and shipping are taken care of. It is similar to inventory in that both require sophisticated tools and technologies that result in reduced costs and increased productivity.
• Packaging: Packaging consists of activities that prepare goods for final delivery in handling and transportation. It determines delivery success and therefore is considered vital in the logistics function. Although packaging has to comply with the safety and customs rules and instructions, if all goes well, they should continue and continue the delivery. Nowadays, it is also essential that packaging meets environmental regulations and sustainable requirements and adheres to sustainable packaging and other green practices.
• Cargo service and transportation: When estimating logistical costs, cargo handling plays an important role that cannot be overlooked. Companies cannot afford to ship products up and down multiple times, and thus damaged packaging and wrong product delivery needs to be attended to at all times. There are several ways in which this can be handled; contactless delivery, QR barcode scanning, fleet optimization, etc., are a few effective methods to ensure this significant logistics challenge is overcome.
• Information and Control: Data-driven operations are fundamental to supply chain operations and are essential to monitor and manage the operations for better decision-making. Getting insightful information for workflow operations can help businesses achieve transparency in the supply chain. Information and control also serve as valuable links in achieving strategic goals and bolstering the future of the logistics industry. Understanding and analyzing logistics operations can streamline the overall management processes and help businesses keep track of day-to-day activities. As a result, businesses can benefit from monitoring the flow of information when developing holistic supply chain management.
• Demand Forecasting: Logistics demand forecasting is concerned with effectively anticipating product requirements in the supply chain management process. Scheduling and planning are essential to managing uncontrollable conditions. Forecasting models help businesses make informed decisions. Modern technology takes your business to the next leap.

What is the role of logistics in the Supply Chain?

Logistics, when combined with the supply chain, logistics brings in a reduction of costs and provides maximum efficiency. The following points explain the role of logistics in supply chain management:

• Logistics help expand through higher coverage of the target audience when customer satisfaction increases; it makes the business popular, thereby giving the proper exposure needed for business expansion.
• Logistics often helps eliminate the intermediary links in the supply chain process, which reduces the net cost, thereby acting as an advantage for the end user.
• Effectively coordinated logistics can help garner positive business results. As businesses expand (regionally, domestically, or even internationally), they tend to rely more on effectively organized supply chains, including sophisticated logistics.
• Logistics plays a crucial role in supply chain management by planning and coordinating the movement of products in a timely, safe and effective manner. All customers expect their products to be delivered quickly and flawlessly regardless of distance. To achieve this, intelligent companies hire experienced professionals to coordinate the movement patterns of their products most conveniently and practically.
• Logistics helps companies add value. As improved logistics make products more accessible to more and more people, innovative business leaders see logistics as a critical tool for creating value for their customers. Logistics creates and enhances the value provided by businesses through improved goods and better product availability.
• Customer requirements vary, so logistics must constantly evolve to provide better results. Customers these days are more likely to impulse shop using a tablet or smartphone and can be equally as impatient about receiving their orders. Professionally organized logistics enable businesses to meet short-term requirements and ensure fast and safe shipment, storage, and delivery of their products. These services can be integrated to add value to the products and ensure that the products get to the right place on time.

What is the Future Career Scope in Logistics concerning Supply Chain Management?

Supply chain management encompasses various domains, opening up several job opportunities for anyone looking to build a career in logistics and supply chain management. As the demand grows, a person can expect a competitive salary and continued professional growth. In addition, individuals with a hands-on command of logistics automation are better equipped to become supply chain executives who can effortlessly fulfill roles and responsibilities to provide the organization with better profits and impact the bottom line.

Such professionals are also loaded with managerial duties; apart from being analytically strong, technically adept, and strategically placed, they possess soft skills like active listening, emotional intelligence, business analytics, etc., for achieving rapid solutions. A wide variety of roles are offered at every point in the organization. Still, to climb the corporate ladder, one needs to keep updating on the skills and new tools that will help move from entry-level posts to C-Suite executives.

The role of logistics in the supply chain cannot be overlooked; the supply chain and logistics are intertwined. At the same time, supply chains are essential to businesses and primarily affect sales and profits; adequate and well-organized logistics our business to help your business gain a clear advantage over competitors.  Therefore, optimizing major logistics activities can be beneficial to evaluate the business’s overall performance by reducing expenses and enhancing overall delivery effectiveness.

Massive data sets are intimidating to many people, even though we all use them—knowingly or unknowingly, to make informed decisions. We are, in a sense, analyzing data to make certain conclusions, even though we base our decisions on rigorous future thinking and initial analysis. Data analysis is reviewing various data sets to get definitive conclusions from the information they contain. Simply put, data analytics is making the most of the available data by cleaning, filtering, and transforming it using various tools and methodologies. It is frequently viewed as a sequential process that starts with data collection and processing and ends with interpretation. The only goal is to identify correlations and draw conclusions that direct decision-making while ensuring increased efficiency.

We understand that an MBA (Master of Business Administration) is a well-known degree one pursues after receiving a bachelor’s degree to develop the necessary business and management abilities. Finance, marketing, operations management, human resource management, business ethics, accounting, and other topics frequently fall under the many forms of MBA. However, specialized programs are available, such as an MBA in E-Business, MBA in Data Analytics & Business Intelligence, and MBA in Food & Agribusiness, which can be pursued to specialize in a particular sector for a particular industry and employment potential.

It should be no surprise that having an MBA will position you to achieve a lot in life that you might not have been able to with a regular degree. Although there is an MBA concentration for almost every business, having so many options makes it challenging to pick just one. It may be challenging to narrow down one because each offers its advantages. Still, you must decide based on your interests, abilities, and potential for a future profession. Any MBA education is required to support your growth and enable you to realize your dreams today.

The shortage of skilled professionals in today’s labor market is either ignored or mishandled. In addition, business processes need to be reconfigured due to the faster-than-ever-evolving technologies and the resulting change in consumer trends, which calls for new-age qualified people. Even the worldwide higher education trend line is shifting from general to specialized programs to address this upheaval.

MBA in Data Analytics & Business Intelligence: Your Corporate Ladder to Success

More and more conventional ways of data analysis are evolving as the digital revolution continues to expand. Everyone is using data in some capacity, from large corporations like Apple, Google, and Nike, to your neighborhood supermarket. This has increased the demand for data analyst professionals, which will continue to expand rapidly.

Professionals in business intelligence offer data-driven advice to bridge the information technology and business divide. A thorough understanding of data, statistics, and computer science are necessary. People with a strong desire to further understand this complex topic should choose this specialization. Data infrastructure, testing, visualization, machine learning, and decision-making are covered.

MBA In Data Analytics Careers & Job Opportunities

Data analysis is reshaping the corporate world and gradually changing how people conduct business, whether in the healthcare industry, the FMCG sector, a financial & banking service, etc. In today’s quickly expanding sector, notable successors include Artificial Intelligence, Big Data Analytics, Machine Learning, and Data Science. Utilizing data analysis tools and methodologies allows one to continuously raise operational efficiency while controlling income and expenses to keep up with changing market trends and competition.

Data is king in our digital age, steadily altering how we live. The potential to derive practical insights from data is enormous, with countless unexplored possibilities. Data analytics is the future of the business, given the rising focus and importance placed on data. It is a rapidly expanding industry that has only shown growth over time. There has been a drastic growth in the number of data analysts’ job listings in the last decade, owing to increasing demand. When we talk about data analysis, one can not only aim to become a data analyst but can also look for similar job profiles such as data engineer, data architect, statistician, or even data administrator. The spiraling growth of data transformers worldwide will benefit many as it will open the gate to new job opportunities and employability.

MBA in Data Analytics for Working Professionals

With quintillions of bytes generated annually, modern society runs on data. We can only anticipate the data analysis and interpretation market to expand like never before because these quantities will not decrease. With this rapid growth comes a fantastic opportunity to pursue a career in data analytics. As soon as digital transformation takes place, there will be a greater need than ever for analysts with professional qualifications.

For any working professional, doing an MBA degree with an ongoing job is a challenging task. Managing work life with studies can get overwhelming. However, many working professionals can undertake an MBA degree while on the job. Hybrid programs, online MBA degrees, and part-time MBA are some fruitful options that can be chosen to accomplish an MBA in Data Analytics while working. A degree in data analytics will help hone the skills in the right direction, giving an overview of the quantitative side of handling business and also help professionals who are marketing specialists or in the human resources department to gain technical knowledge. As the adage goes, data will run the world- this degree will empower you to strategically apply that data to make informed decisions and improve operations to smoothen your organization’s revenue stream.

Scope of MBA in Data Analytics for Working Professionals

MBA Data Analytics salary is proportional to the experience one brings. Therefore, brighter and bigger career prospects wait as companies all across look to embrace the potential of data today. “The global market for data analytics grew 10.6% between 2020 and 2021, from $206.95 to $231.43 billion, according to Fortune Business Insights, and it’s predicted to grow another 13.2% to reach $549.73 billion by 2028.”* Although the technology and information sectors are prone to fluctuations due to demand and supply, data by the day is only increasing. Hence, data science and under it, especially data analytics and business intelligence, will see steady growth.

Data Analytics Career Path for Working Professionals

Here are some of the high-paying jobs that fall under the umbrella of Data Analytics:

• Marketing Analyst: Using tools and languages such as Google Analytics and Python, marketing analysts collect data and are responsible for analyzing the market trend. These professionals need data analysis, digital marketing, and critical thinking skills.
• Data Architect: Businesses collect and store their data, and a data architect’s job is to create blueprints and designs.  It is considered one of the hottest trending job profiles in the coming years under data analysis.
• Data Engineer: They are responsible for identifying the latest trends under a given data set and developing algorithms with the proper knowledge of programming languages. To enter this profile, one must have solid technical expertise and a knack for problem-solving.
• Data Scientists: If a large amount of data excites you, and you also have a deep understanding of collecting and analyzing data sets, databases, and data structures, then this is a brilliant job prospect for you, as the market is going to see additional data scientists’ jobs shortly.

How can Working Professionals build a Data Analytics Career?

The first step in building a career in data science is evaluating yourself to understand what you know and need to learn at the beginner, intermediate, or advanced level. Next, research and identify the essential skills you need in programming. Set goals to learn data science and hit milestones every fortnight. This way, you can decide how you should approach the learning process.

2. Have a roadmap

After a careful self-assessment, create a roadmap. What role would you like to move into, what company or industry would you like to join, and how long would you like to meet your goals? It is not easy for working people to learn data analytics and business intelligence quickly, so this plan is helpful for a career change. In most cases, people spend years acquiring expertise in this area. So a roadmap or plan that helps you reach your goals concisely is always a big help. This also helps you stay on a particular track without losing focus.

3. Choose the proper role

Choosing the proper role is the most crucial decision you have to make. Choosing the wrong role is intolerable, especially when you have many other professional responsibilities. The data analytics industry has several roles to choose from. Data scientists, data visualization experts, data analysts, data engineers, machine learning experts, and more. Consider your work experience and background before deciding on a specific role. If you need to figure out what role you want to play, talk to someone who has experience or is currently working in the industry. Having the right mentor is perfect for your transition.

4. Practice

Practice is the key to perfection when it comes to mastering data analytics. You must spend a lot of time practicing coding and working on other data science projects. Try to use your theoretical knowledge wisely. As a professional considering moving into this field, you must be wise when carving out time for these practice sessions. Take a break from work, use your lunch break wisely, or wait until after work to get home.

The best part about being an expert going through the learning process is that you can always ask your data analytics colleagues for help with projects and programming.

5. Explore free resources

Paid resources are a great way to learn. It’s a good idea to keep free resources handy. YouTubeitely a savior for free resources. It includes multiple channels dedicated to data analytics, programming, and hackathons. These channels and free resources provide plenty of practice and knowledge.

In addition to the above factors, networking is an integral part of the learning process. Make time to meet people who work in data analytics and business intelligence. That can help a lot with your learning. The data analytics field is booming with career opportunities, and it’s time to advance your career or move into this field. Data analytics could answer your dream job and salary in a market where you always have to stay competitive. You must remember that building a data analytics career professionally is relatively easy. To stay one step ahead, learning new skills is always recommended to see your data’s potential.

Build job-ready skills by learning from the best

No question that enrolling in an MBA program can significantly increase the success of your career, regardless of the specialization you decide to pursue. To maximize your rewards, you must ensure that you finish the course from a reputable and established college. As pioneers in the field of management education, Prestige University, is committed to equipping students with the most up-to-date, in-demand skills through partnerships with the world’s best corporations and business institutions. The university’s super specialization degrees help close the precise supply and demand mismatches. Its super specialization programs bridge the skills gap between skilled professionals needed to adapt to changing customer tastes, technologies, and business processes.

You may get the knowledge you need to use the data in your future firm as a tactical asset to create business value by enrolling in Prestige University’s Data Analytics & Business Intelligence program. These include statistical analysis, data visualization, predictive, prescriptive analytics, machine learning, neural networks, and more. It also covers other popular data science concepts intended to assist you in making data-driven strategic decisions for your company to promote business expansion and maintain an edge over competitors.

In addition, the training aids in developing a data mindset and analytical abilities for interpreting and communicating data to address business issues. Working professionals can use the program to demystify data analysis and provide the necessary skills for strategic decision-making.

• Gain a thorough understanding of data structure and data manipulation, and learn data science and its wide applications
• State-of-the-art curriculum designed and delivered by Prestige University faculty
• Real-world data science applications
• Live online masterclasses delivered by faculties
• Industry insights through masterclasses by specialists from real-life
• Practical exposure through hands-on projects
• Case-based learning pedagogy is specially designed for future managers and executives.
• Interactive doubt-clearing sessions to ensure clarity of concepts

This data analytics & business intelligence program includes 10+ industry-relevant projects from various domains to help you master data science concepts. These projects encompass all the critical aspects of data extraction, cleaning, mining, and visualization to build and tune data models. Learn the foundations of data analytics & business intelligence and develop hands-on skills using necessary tools, techniques, and languages.

A unique specialization increasingly gaining traction, Sustainability Management is defined as applying sustainable practices in business and society in a way that is fruitful for both the current generation and the generations to come. A master’s degree in sustainable management allows students to align their goals and values with like-minded individuals and businesses to build a meaningful, purpose-driven career.

One prevalent misunderstanding about sustainability MBAs is that they focus solely on promoting “green” corporate practices. Sustainability in business is about much more, even though sustainability MBAs help educate graduates for careers pushing environmentally sound policies. Certain aspects of the study of sustainability in business are connected to various definitions of sustainability, namely:

• Sustainable businesses maintain a long-term engagement with their stakeholders through corporate social responsibility.
• An environmentally responsible business approach enables sustainable relationships with natural resources and the environment.
• Additionally, by maintaining continuity and being prepared for emergencies, sustainable organizations are also self-sustaining.

Students who are deeply committed to environmental protection are best suited for the Sustainability MBA. However, such graduates are genuinely versed in much more than environmental sustainability. If you are interested in new ways to ensure longevity and sustainability in social, environmental, and disaster-related contexts, then a Sustainability MBA may be for you!

What an MBA in Sustainability Management comprises?

Like most other MBA programs, the core subjects and business skills remain the same in MBA Sustainability Management. In addition, foundational courses such as marketing, human resources, accounting, operations, economics, law, etc., are covered. Students also learn about social responsibility, sustainable investments, social capital, public policy, community building, social research methods, and environmental compliances, which prepare them for executive leadership positions.

An MBA in Sustainability Management helps create products and services that positively impact society and the environment, leveraging and building upon corporate sustainability credibility. To get a glimpse of the program, some of the main courses in Sustainability Management include Corporate Environment Management, Climate Change Law, Policy, Managing Sustainable Operations, etc.

Bright Career Opportunities in the Sustainability field

The Sustainability Management program, a decade ago, was less famous and thought of quickly. Still, over the years, seeing the need of the hour, it has become a hot topic and is now an increasingly sought-after management program.  Businesses demand graduates who are well-versed in sustainability management skills to take up challenges and help tackle complex social issues efficiently. Proper strategic integration of sustainability principles can lead to profits for both the business and the stakeholder, and that is precisely the sweet spot businesses today are searching for. As a result, organizations are out hunting for a good talent pool that can swing into action and produce the desired results needed efficiently.

If you are skeptical of the job prospects after MBA in Sustainability Management, here are some reasons that will help you come out of that loop:

• Sustainability Management is the new fad right now. While there can be multiple reasons attributed to this, one primary reason behind the subject gaining attention is the fact that nations worldwide have become conscious of their surroundings, thereby businesses are leveraging on this opportunity and have taken this a step ahead from just being a global humanitarian challenge to being a cutting edge between competitors. Undoubtedly, with such a broad scope available in the global market, businesses all around will scout for experienced candidates chartered to carry out such jobs after MBA in sustainability.
• One can expect to find jobs in rare and innovative fields with lesser competition and better selection chances. Fields open for the job include business analysis, social entrepreneurship, corporate sustainability management, consultancy, and NGOs or public administration enterprises. The position in any organization varies from entry-level to associate, and you can move up to being a sustainability specialist or chief sustainability officer. The roles and departments primarily focus on ethics and governance, marketing and communication, employee engagement and diversity, waste management, and sustainable supply chain. While terminology might be challenging, some companies also look for entry into their organizations through risk management departments and eventually grow their business from there.
• A lot of big organizations across the world have sustainability programs these days. And with this case proliferating, all sectors within a business, such as finance, healthcare, construction, and manufacturing, will need a sustainability manager to untangle day-to-day issues and work for the environment. With technology enhancement and people’s opinions changing, sustainability has become synonymous with efficiency. Whether you want to pursue a career in the private or public sector, you need to dedicate yourself to saving the environment, helping prevent the depletion of natural resources, and helping businesses strive while maintaining the quality of life.
• While any other career choice can be financially rewarding, it also rewards you on an emotional and communal level. Leadership roles are on the rise not only in India but worldwide. Organizations are looking to employ a chief sustainability officer and the marketing, finance, and operations head.

What Skills qualify for a Sustainable Manager

While there is a lot of commonality with other fields, skills required for a bright future in Sustainability Management vary. They require effective communication and leadership skills, data analysis, environmental systems analysis, urban sustainability, report writing, and strong creative thinking abilities. This will enable them to stand out and get the right sustainable roles.

What is the expected MBA Sustainability Salary

In any industry, the salary varies depending upon the job title, job responsibilities, and the level of experience one brings on par with the position to be filled. For example, sustainability managers, specialists, or associates can expect around 7.5-8 Lac per annum, whereas leadership-level senior posts can demand an even higher salary. A higher salary requires a master’s education with practical exposure and experience.

Jobs after MBA in Sustainability

Sustainability offers an exciting career path for dexterous MBA graduates. After completing an MBA in Sustainability Management, covering topics such as climate technology, social impact assessment, climate communications, eco-innovation, investments, leadership, etc., one will have an array of lucrative job options. Some of them are:

• Business Operations Manager: With an MBA in Sustainability Management degree in hand, you can stand out for businesses that have strategic goals to be achieved. You will have more experience dealing with world problems using a holistic approach. A business operations manager oversees activities such as hiring responsible staff and efficiently addressing budget issues and matters.
• Sustainability Consultant: Companies are moving towards a greener and cleaner world, supporting and aligning with government initiatives. They need consultants who can advise them on the best practices and help improve their operations, efficiency, and management culture. This requires strategy experience, preferably in sustainability, and industry experience in Energy and Circularity. This is ideal for MBA graduates with solid experience working on carbon emissions measurement, life cycle analysis, and reduction levers.
• Supply Chain & Logistics Director: While this job option comes in a somewhat different domain, graduates with an MBA in Sustainability Management are often better placed to take care of such endeavors that will help optimize the profits and minimize the environmental effects. This is one of the key areas where sustainability matters the most.
• Financial Advisor: These professionals consider the environmental, social, and governance (ESG) challenges when making investment decisions. With investors increasingly wanting their assets to be invested in a way that positively impacts the environment and does not contribute to social inequalities, financial advocates or advisors must have the know-how to invest sustainably while safeguarding long-term capital growth.
• Environmental Compliance Specialist: These professionals work within a business or local or national government to ensure compliance with environmental regulations and laws compliance. Some positions entail overseeing high-risk materials, environmental testing, and conversation plans, as well as managing staff or departments. Most employers looking to hire in this field prefer that you have professional experience and knowledge related to environmental regulations, management, and the natural sciences.
• Administrative Services Manager: If you are still determining which field to take after completing this degree, an administrative services manager is a profession that can acquaint you with the day-to-day management functions. From making budgetary decisions for the organization and record-keeping as well as training applicants on the latest sustainability practices to setting realistic eco-friendly goals for the organizations etc., all are part of this job option.
• Portfolio Manager: The job of a portfolio manager requires the MBA graduate to be involved with multi-asset investment research, ESG implementation, risk management, reporting, and performance attribution. In addition to hands-on experience in ESG or sustainable investing strategies, graduates are expected to possess experience in tracking sectors and presenting investment theses to portfolio managers.
• Urban and Regional Planner: Urban and regional planners work at every level of government, from districts and cities to the national level. As someone whose job is to develop land, revitalize community living, and plan for environmental and demographic changes, these professionals have an MBA focusing on sustainability.
• Industrial Production Manager: An industrial production manager usually works in manufacturing, in charge of a production facility that can produce anything from computer parts to medicines to automobiles. In this job, you would be responsible for how the manufacturing plant runs, including overseeing and training employees, problem-solving production issues, such as machinery upgrades or overtime, and creating production budgets and goals while adhering to safety requirements.
• Natural Sciences Manager: As a natural sciences manager, you are likely to head a research or science lab, and your possible job responsibilities might entail managing scientific projects, research, budgets, and reports, hiring and overseeing scientists, staff, and a team of technicians, creating lab procedures, proposals, and policies, and presenting findings and reports to management.

Other roles: Apart from the above choices, one can look for career options such as Sustainable Finance Manager, Ecotourism & Environmental Consultant, or Sustainable Supply Chain Manager.

A bright future awaits you with open hands!

The overall employment outlook for those seeking new challenges and wanting to make a career in sustainability looks bright. As stated, this field is garnering attention due to the bent that businesses have now taken toward business strategy and operations. In addition, self-realization and duty towards the nation also play a massive role here. Drivers responsible for this upliftment include increased awareness, climate crisis, societal and governance reporting, and most importantly, the United Nations Sustainable Development Goals. Backed by financial commitments and a strong desire to uphold the organization’s integrity, many big firms are sustainability leaders due to constant innovation, zero waste policy, and following targeted approaches for achieving sustainable development goals and engaging in human rights and health.

Here’s how you can get there!

The 21st century can be renamed as the era of Sustainability Expansion; it isn’t just a responsibility anymore but has become a full-time profession on its own, and the pandemic has brought the importance of this to the limelight. MBA in Sustainability Management from Prestige University covers modeling tools, case studies, ESG reporting, sustainability finance, energy markets, learning to leverage sustainability technologies, policy drafting, etc. The goal is to enable sustainable livelihoods and help lead organizations on the sustainability front. Prestige University helps you build domain expertise and lets you choose from their three specialization tracks, i.e., Energy and Natural Resource Management, Environment and Climate Change, and Sustainable Livelihoods and Society.

An MBA from Prestige University is your ultimate commitment to developing a sustainable society through the power of business. You gain unparalleled knowledge about environmental sustainability and access to a vibrant network of students and industry experts transforming the world in business, government, and non-profits. You will learn from some of the best faculties in courses covering everything from food systems to corporate social responsibility.

Focused academics are just the beginning of your involvement in sustainability. You aspire for a career that creates an impact and satisfies your drive to tackle the environmental, social, and economic issues faced by the world today and change them for the better. Outside of the classroom walls, you will have the opportunity to put learning into practice with real-world sustainability experiences around industries. At Prestige University, the unique master’s degree programs empower students for careers as organizational change-makers emphasizing sustainable solutions.

The internet is revolutionizing businesses upside down and inside out, fundamentally changing how companies operate. E-business management is an evolutionary step in the coming up of the business process redesign movement of the 21st century and the continuing innovation and investment in communication and information systems. As a result, good management teams have started seeing the advantages of looking outside their internal processes to imagine how a “virtual value chain” could increase their sales and decrease expenses, driven by a more competitive global environment.

The exponential increase in Internet users—from a small number in late 1995 to over 100 million today has introduced a new factor and sparked a significant shift in marketing approach. Now that producers no longer need to go via merchants to reach end users directly, the internet offers a new distribution channel. This change in marketing also resulted in the development of entirely new categories of e-businesses, which has raised demand and boosted user numbers, putting pressure on conventional retailers to establish an online presence.

While the full effects of the e-business phenomena are still being felt by many organizations, the internet has created a valuable e-commerce retail arena by offering a flexible and affordable platform to integrate an organization’s value chain virtually. The power equation has evolved from product and service to information and speed of information, and the internet has significantly altered many aspects for individual users. As a result, information and the speed of information have emerged as the primary differentiators in the virtual market, where there is intense rivalry and a wide range of goods and services.

Understanding MBA in E-Business Management

Electronic business management or e-business management combines business processes with the Internet to help organizations achieve their business goals. An e-business manager aims to develop how a company’s ideas and products are presented to customers. As Internet-accessible customers increase, running an e-business plays an increasingly important role in the modern business world.

Managing an e-business requires individuals with web design aptitude and strong verbal and written communication skills. Good problem-solving and investigative skills are also very important in running an e-business. E-business jobs require strong leadership skills, strong sales or marketing skills, and sometimes the ability to speak multiple languages ​​to reach customers in other parts of the world. E-business managers must master digital technology and track internet trends to assess how successful they are in reaching their target group.

Different types of E-Business models

Electronic business or e-business refers to online business processes performed over the Web, Internet, or via intranets, extranets, and other business process-supporting networks. E-business includes a broad range of activities in the field, enhancing commercial processes through frequent communication and collaboration between companies and customers.

• Business to Consumer (B2C): Basic business model, where the consumers can purchase from a business via the internet directly.
• Business to Business (B2B): Here, businesses conduct transactions with each other and gradually move through the supply chain process.
• Consumer to Business (C2B): The customers are responsible for creating demand for certain goods and services and giving business to the companies.
• Consumer to Consumer (C2C): The buyers and sellers are consumers. Platforms such as eBay are great examples of this model, where business is facilitated through a third party.

The internet is changing the way companies operate. It permeates management-oriented business practices, buying and selling goods and services. As a result, organizations are rethinking their business models and redesigning their strategies.

A few examples of E-Business

IBM was one of the first to use E-Business terminology back in October 1997 to address the confusion its consumers had with an internet-based business. Since then, they have worked on their E-business model, captured its benefits, and were successfully able to triple their income nearly.

Taxi service Uber is another such example. The company utilized an E-Business opportunity and broadened its vertical by entering into food ordering and delivery services under the UberEats name.

Most travel sites such as Booking.com or Trip Advisor use consumer data to give a personalized itinerary concerning price and location based on multiple factors such as ratings, prior experiences, travel history, etc.

What does MBA E-Business Management comprise?

Any traditional company looking to transform, like all e-businesses today, digitally needs people with the skills and expertise to match the needs of the Online businesses that are revolutionizing retail, and demand for digitally skilled workers is growing exponentially. E-business remains booming, with increased sales and revenues remaining intact during Covid-19 uncertainty, a good sign for this profession and job security. E-business salaries vary; entry-level candidates can earn up to 7.35 LPA. After gaining some experience, you can earn up to 11.35 LPA; after being in the game for good, you can earn up to 38 LPA.

An MBA in E-Business Management will give you knowledge of internet business models, all things e-commerce, an understanding of customer relationship management, and all the skills you need to do business online. Doors open to multiple areas such as Product Management, Digital Marketing, Project Management, and Analyst Firms.

E-Business Career Outcomes

Almost all successful companies today use e-business and e-commerce to achieve their goals. There are many opportunities for this in various industries. From social media marketing to online sales, we rely increasingly on the Internet to conduct our business, so we may need someone who understands e-business.

Whether you want to understand e-commerce better to complement your current business skills or start your own online business, an MBA in e-business management will give you a deeper understanding of internet marketing and prepare you to sell. The primary objective of an MBA in E-Business Management is to introduce graduate and undergraduate students to the concepts, tools, and approaches of e-business. Additionally, this subject can help students develop the skills to run a business in the digital world.

E-business management consists of implementing communication technology to carry out business activities. This is a shift in traditional business concepts based on Internet access to markets and resources in a connected, globalized world. This new approach encompasses all economic activities on the Internet, such as selling products or providing services.

The Master’s Degree in e-Business is aimed at digital enthusiasts who want to expand their skills and become high-level executives in management, marketing, communications, and advancement in highly technological environments. In addition, future students should have an entrepreneurial spirit and wish to optimize the design, configuration, and integration of related processes. Therefore, a set of elements of a virtual business project, both in the field of management and administration and in the field of technology, is needed. The program has three purposes: acquiring management skills in the digital sector, using all digital means to generate economic activity in the digital sector, and achieving high positions in the digital sector.

As organizations increasingly leverage new Internet technologies, e-business professionals must thoroughly understand this. The program is designed to give participants a 360-degree view of e-business management, covering digital marketing, standard business models, customer acquisition, tools and techniques, ongoing e-commerce operations, emerging and global trends, and applicable legal and regulatory frameworks. Specialists who have completed the program are already qualified to work in the Indian and overseas markets. Graduates can also work in large corporations or private sector small businesses, corporate and consulting firms, various offices and ministries, or even private sector management positions.

MBA in E-Business from Prestige University: The way forward

With the exponential growth of e-business activity worldwide, there is a tremendous demand for e-business professionals who can offer specific knowledge and skills. As a result, E-business is an ever-growing area of ​​opportunity, and Prestige University offers this Master’s Degree to help you focus on specific areas of interest and specialization. Prestige University’s MBA program in E-Business Management is designed for aspirants who want to work effectively in an e-business environment and manage or lead the transformation of existing business processes or the creation of new e-business activities. This program provides techniques for guiding the strategic development of e-business-based organizations and appropriate e-business technologies. As a student, you will develop the skills and knowledge to assess, manage, and improve an organization’s operational functions and apply system integration concepts through market analysis to the design and development of products and services.

This program is intended for those who want to work effectively in an e-business environment and manage the transformation of existing business processes or create new e-business activities. Suitable for a wide range of natural, engineering, and business graduates, as well as graduates with IT qualifications, characteristics of E-Business that deliver digital transformation include agile methodologies, value stream mapping, change management, and stakeholder buy-in. Under product and revenue management, capabilities include consumer behavior and engagement models, technology and consumer interfaces, understanding market economies and value drivers, and differentiated user-centric products and experiences.

Whether you want to start your own online business or learn about e-commerce, Prestige University’s E-Business Management program can prepare you to acquire the skills and industry knowledge you need to process online transactions. Advance your current role or improve your small business performance on your schedule. It can prepare you to understand Internet business models and e-commerce, customer relationship management, website project management, and other fundamental fundamentals. By the end of this program, you will have the right combination of technical knowledge and management know-how to become a successful leader in planning and managing complex IT and technology-based projects.

The MBA in E-Business Management has a six-semester, industry-relevant curriculum at Prestige University. It provides intensive practical experience through internships and thesis projects. They are designed to help students design end-to-end technology product strategies, find and create turnkey solutions, and ultimately build future-ready organizations.

Graduates recognize and sustain innovation and business opportunities in the electronic environment, information and e-business processes, IT applications in social contexts, social challenges, and innovative solutions for the rapidly changing e-business environment. As a result, you can manage and create possible e-business environments and a sustainable competitive advantage.

MBA in Supply Chain is a growing education program popular for students interested in becoming leaders and managers for a company’s supply chain and logistics processes. Specialized education in Supply Chain confers multiple benefits. This field of study is one of the fastest growing sectors in business, and therefore, students who graduate with an MBA in Supply Chain Management have smooth sailing in finding a job.

Supply chain management and global logistics influence every organization, person, and entity. It is one of the fastest-growing and most prominent areas of business that is also witnessing significant levels of innovation in process and technology year after year! Logistics is a crucial success factor for businesses as they continue to rely more and more on supply chains with a global footprint. If done well, logistics can have a beneficial effect on the performance of the company. On the other hand, if done correctly, logistics can directly increase speed and reduce cost.

There will always be a need for supply chain talent as long as products are produced in one location and purchased in another, especially as globalization becomes the norm for every industry. In addition, many supply chain executives are essential members of senior management and boardroom teams because of the value of this discipline to the bottom line.

As the recent global disruptions in supply chains have showcased clearly, the increasingly globalized world has done the job of supply chain managers considerably vital and more complex. An MBA in Logistics & Supply Chain Management elucidates the operational and strategic role played by logistics and supply chain in the business environment, with a focus on global logistics system as it relates to sourcing, production, operations management, materials management, storage, warehousing, and distribution or last-mile delivery operations.

To sustain and improve their competitive advantage, businesses increasingly rely on and work with downstream and upstream channel partners in the value chain to render products and services that satisfy their customers’ preferences and needs. Therefore, whether you aspire to become an entrepreneur or work in a corporate setup, you must know how a supply chain operates. An MBA in Supply Chain Management program is meant for entrepreneurs and professionals looking forward to mid or senior management roles in e-commerce, logistics, manufacturing, shipping, warehousing, aviation, consulting, research, and other related industries within India and globally.

An overview of MBA in Supply Chain Management

When you think of Supply Chain Management, you usually envision companies like Amazon, FedEx, or Safexpress. Undoubtedly they account for a large percentage of this industry. But today, any organization that aims to streamline its processes and increase efficiency wants to keep supply chain professionals in their teams.

Managing the flow of goods and services, including transforming raw materials into final goods, is termed supply chain management. It helps cut companies’ high costs and deliver products to consumers efficiently. Supply Chain Management comprises five critical elements: sourcing raw materials, production, distribution, and returns.

Unknowingly, supply chains have existed for ages but have only garnered attention recently as companies have started recognizing them as value adds to their operations. However, it is an important part and parcel of businesses nowadays as it successfully has achieved business objectives showing visible results. For example, supply chain processes help improve product quality, which minimizes the risk of product recalls and sometimes saves the companies from lawsuits, thereby aiding in maintaining the brand name. It also helps with controlling shipping procedures. As a result, the company can save on stock charges and avoid oversupply or shortages.

The requirements for an MBA in Supply Chain Management are like any other MBA program. To qualify, you must appear for an entrance exam, garner valid test scores with a letter of recommendation, and have an updated resume. Some B-Schools also prefer to have test scores, a group discussion, and a personal interview to select a candidate.

What an MBA in Supply Chain Management comprises?

Undertaking an MBA in Supply Chain Management to get a sustainable superior customer experience that is efficient and cost-optimized, you will design complex supply chains, learn integrating technologies, develop managerial and technical capacity and equip for evolving channel models. With a degree in Supply Chain Management, you will learn the following skills:

• Auditing and Quality Management
• Transportation and Logistics Management
• Problem-Solving
• Effective Communication
• Leadership
• Business Modelling and Forecasting
• Project and Operations Management
• Purchasing and Inventory Management

For any right person, an inclination towards Supply Chain can be an excellent opportunity to enhance and work upon what interests you, along with being an incredible career option. To beat the crowd, you need to have a degree from a reputed institute, post which you can see the direct impact of your contributions in a stable yet well-played field. The market for professionals in Supply Chain is fast growing. Is a master’s degree in Supply Chain Management worth it? The simple answer is Yes! Previously a candidate without much education and degree was also considered for such positions. Still, with the ever-increasing demands of jobs, educational qualification has become the need of the hour. From a technical and analytical point of view, the degree is worth it in today’s business scenario.

If you are ready to take the plunge in pursuing an MBA in Supply Chain Management, an MBA degree will equip you with cutting-edge technologies and some critical thinking skills that will pave the way to success ahead. So buckle up and be ahead in this fast-paced and dynamic field with an MBA degree.

At Prestige University, an MBA in Supply Chain & Logistics Management is an industry-relevant course with an extensive curriculum offering internships and capstone projects that equips an individual to design supply chains for superior customer experience, help innovate business solutions to build complex supply chains, and deploy innovative tech-based supply chain solutions. In addition, you can build domain expertise during the last two terms by choosing from any specialization tracks, such as Procurement and Sourcing, Process Excellence and Supply Chain Planning, and Warehousing and Logistics.

After this program, you will be able to:

• Understand the fundamental supply chain management concepts
• Apply valuable skills to evaluate and manage an effective supply chain
• Learn to evaluate the effectiveness of emerging technologies in logistics and project management
• Recognize the fundamental role of logistics as it relates to transportation and warehousing
• Learn how to align supply chain management with corporate goals and strategies
• Learn techniques for project planning, cost reduction, and optimization
• Apply real-world expertise in a variety of areas, including purchasing, materials management, supply-chain management, transportation, customs regulations, international trade, and information technology
• Demonstrate strategic planning and analytical abilities in Logistics & Supply Chain management concerns

An MBA in Supply Chain Management is worth it for several reasons

According to the Indian Logistics Industry Outlook 2020, the Logistics sector is supposed to grow by $350 billion by 2025.

• First, the field of supply chain management is in high demand. The global economy continues to boom, and so does the need the effective supply chain management. Professionals with an MBA in Supply Chain Management have the requisite knowledge and skills to identify and implement solutions that can save companies millions of rupees.
• Second, an MBA in Supply Chain Management provides a strong foundation in business. This broad-based education equips graduates with a comprehensive understanding of how businesses operate. This knowledge is valuable for anyone looking to advance their career.
• Third, an MBA in Supply Chain Management offers many career opportunities. Graduates can work in various roles, including logistics, procurement, production planning, and inventory management. They can work in manufacturing, retail, pharma, oil & gas, and healthcare industries. They can also work in different organizations, including large multinational corporations, small and medium-sized enterprises, and government agencies. A Supply Chain Management degree entails many job positions, such as working as an Industry Analyst, Project Manager, Transportation Director, Supply Chain Sales & Marketing, Supply Chain Consultant, Transportation Director, Material Manager, Demand Planner, and Procurement Analyst/ Purchasing Manager.
• Fourth, an MBA in Supply Chain Management can lead to higher earnings. According to a study by PayScale, the average salary for an MBA in Supply Chain Management is around INR 10-12 lakhs per year. This is significantly higher than the median salary for all MBA graduates, which is around INR 8-9 lakhs per year.

In addition to these points, the Indian government has also been focusing on infrastructure development, which has increased the demand for supply chain professionals. There are also many opportunities to work in the e-commerce and retail sector, which are rapidly growing in India. The ‘Make in India’ initiative, which aims to increase the manufacturing sector in the country, also requires professionals with skills in supply chain management to succeed. So, hone your managerial and administrative skills and couple them with a solid global logistics understanding with an MBA in Supply Chain Management from Prestige University.