Is a Supply Chain Management job a better option than an IT job?
Have you ever wondered why supply chain jobs are in talks nowadays? We also see there is a huge demand for IT jobs in the market and a huge pool of candidates willing to grab a high-paying tech job. But if we understand the overall operations of any company, we will find that almost every company needs to have a sound Supply chain team. The supply chain includes managing the overall goods or service business management. The supply chain deals with the actual inventory, sales, purchase, operations, transport, billings management etc. Big e-commerce companies like Amazon, Flipkart, eBay, Shein, Myntra, Alibaba, and Rakuten have evolved tremendously in the last 10 years. These companies literally crossed billions in revenue in a very short span of time. This is due to their Supply chain ecosystem and inventory management. Even in developing countries like India, many big market players are hiring bulk SCM employees.
Let us analyze some major points in comparing IT jobs vs SCM jobs
Demand in Future
As we talk about the Information Technology field, many tech giants are retrenching tons of employees in 2023. Even tech giants like Microsoft declared to retrench more than 10,000 employees. But we should also accept the fact that for the last 5 to 7 years these companies continuously hired thousands of candidates on their boards. Add to this, many new concepts in IT are booming in the consumer market. Technologies like Artificial Intelligence, Virtual Reality, and Augmented Reality are slowly becoming a part of the consumer market. Technology is always changing and improving in order to automate the ecosystem of services, money, operations etc. With changing, technology, new cyber threats and emerging technology innovations, there will be an increase in employment for many professionals. Similarly, as fields like AI, ML, VR, and AR emerges strong new career openings will continue to create IT jobs demand in the market.
While in the Supply chain management ecosystem, one can see a huge demand for online consumer shopping which is on a boom nowadays. From a pen to a plane, you can purchase online from home. In order to manage such a huge demand for goods every company needs to have a sound SCM team. With new consumer technology emerging, the company’s supply chain has to be strong enough to cope with demand and supply. So with an increasing number of new startups, many new SCM job opportunities will be created in the market.
Scope of Growth
In Information Technology any newbie or fresher who just passed out from college can create an easy entry barrier in the industry. If you’re willing to join an MNC or start your own startup then coding is the most suitable skill. Many skilled individuals can get up to 10 – 12 Lakh per Annum job in a short span of 7 years in IT. Another major and easy growth factor here is your adaptation towards new technology. You can work for foreign companies sitting at your home and earn a handsome amount. So, IT gives a good opportunity to grow and earn high.
While in Supply Chain jobs, a new fresher can easily join and start his career. Here you can get a huge amount of networking opportunities. As dealing with the product supply chain you come up with good opportunities in meeting new people and even senior management professionals. If you know how to use your network, you can create a great career for yourself. This industry provides tremendous growth opportunities.
PayScale
In IT, job titles like Web developer, App developer, Software engineer, Software Architect, Cyber Security expert, Cyber Security Analyst, Data Scientist, App Developer, Software Tester etc are prevalent. Freshers who graduated from CSE / CE / IT and became web developers can get a pay scale of 100k – 300k INR per annum. After an experience of 5 to 10 years, one can get a job worth 350k – 950k INR per annum. If you are an App developer then you can expect anywhere between 150k – 600k per annum and experienced professionals can get up to 650k – 120k INR (Per Annum). For Data Scientists and Cyber Security fields, the salary package can be about 250k – 1850k INR(Per Annum).
In SCM job titles like Buyer, Supply Planner, Demand Planner, Inventory Analyst, Master Planner, Scheduler Materials Manager, Operations head, SCM manager, SCM head, Logistics Manager etc are offered. If you are a graduate with a bachelor’s degree in Administration / Logistics, then as an SCM professional you get a pay scale of 100k – 350k INR (Per Annum) and for experienced professionals, it can go up to 440k – 130k INR (Per Annum). A logistics manager can earn around 250k – 700k INR (Per Annum). For Inventory Analyst, it would be around 200k – 1000k INR (Per Month).
Please note salary can vary according to company and industry standards.
Summary
Now our main question arises “Which one is better: SCM jobs or IT jobs? Well, it totally depends on your choice. As we can see that both Supply chain Management and Information Technology jobs have a good scope in the future. It all depends on the individual’s will and interest in work. As in IT, one has the benefit of working from home, and remote places and no physical work is needed in this industry. In IT one can learn the art of patience, contributing to ever-growing technology, consistency, teamwork, online networking etc. Even the salary growth in IT increases as per experience and skill set. While in the field of Supply Chain, one can interact with different people and improve Leadership, management, and teamwork skills.
Thank you for reading this article.
Author Bio :
Harsh Chauhan is the founder of Fixedjob.in. He has helped many businesses to hire the right talents for their workspace. He is a self-taught programmer and created Fixedjob by himself at the age of 17. Moreover, he has great knowledge of business, technology and hiring systems.