Masters in Supply Chain Management, Everyone who is willing to study their Masters in Supply chain Management, this article will be helpful to do their masters in Supply Chain Management in Canada.
Canada is the new landing place for MSCM (Masters in Supply Chain Management) which have around 356,700 openings in around approximately 3-5 years.
International students who are in search of a good destiny to do their masters in Supply Chain, Canada will be the most helpful place which makes and gives you all the needs for your masters in Supply Chain and also it helps students to other roles in also other various fields.
A master’s in supply chain management in Canada is available as an MS, MBA or MM (masters in management) specializations as well.
The program is a one year course (MS and MM, MBA- two years) which costs international students around 23,000-47,000 USD.
First of all, before knowing about your masters in Canada, you have to know about Canada and also Supply Chain Management.
Do you know why everyone wishes or dreams to study in Canada because it ranks best among the education system and is ranked among the seventh in the international education system.
Also, Canada is the second-largest country in the world which has a great education system for all-around the world students.
Few facts or reports say that A student has to pay exactly or approximately from CAD 13,000 to CAD 15,000 annually.
The Canada government has about 80% of schools and colleges so that they should provide a better education system for the students. Canada is also known for its two official languages such as English and French.
Supply chain management (SCM) bought about an approach to the operations such as management, logistics, procurement, and information technology to manage materials, inventory and goods from their points of origin to their points of consumption.
In simple words, It is defined as ” The flow of the goods and services that process and transforms raw materials into finished products.
The Master of Supply Chain Management (MSCM) program will help and prepare students for leadership roles in building, managing and changing supply chains.
Supply Chain Management (SCM), the program will add value to persons with previous degrees in areas such as engineering, economics, healthcare, science, social science, and business.
With a growing demand for sound logistics in the global market, there is an increasing need for professional logistics and supply chain managers to manage the efficiency and effectiveness of the industry.
Supply Chain Management:
What is Supply Chain Management (SCM)?:
Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products.
It also involves the live and active streaming of a business’s supply-side activities to maximize customer value and also to acquire a better advantage in the marketplace.
Supply Chain Management takes an effort to develop and enhance their products and also implement the supply chains to every area. Supply Chains will cover everything in their management like from production to product development which is all need to direct the undertakings.
The retail companies started t involved in the Supply Chain Management so that they can control the product quality, quantity, type, incomes and also expenses. The few of the examples of supply chain management includes activities such as farming, designing, packaging and also transporting.
What is Supply Chain?:
Everyone first wants to know about the Supply Chain before studying Supply Chain Management. There is a common question on What is Supply Chain?. Here is the answer:
Supply Chain is defined as,” The Connected network of the individuals, organizations resources, activities and also the technologies. Few technologies are involved in the manufacture and also the sale of a particular product or a service.
The Supply Chain will start with the particular delivery of the raw materials that are received from the supplier and delivered to the manufacturer and it also ends with the delivery of the finished product.
The Supply Chain Management across every point of the service of the company, that is from the starting stage to the final stage.
The supply chain involves many steps which are involved to get a product or service to the customer. The steps are from moving to transforming the raw materials into the finished products and transporting the products.
Each phase is markedly different and often requires different value chains. Supply managers need to craft supply strategies that reflect the unique needs of each phase. The Four Stages of Supply Chain Management are:
- The introductory phase
- The growth phase
- The maturity phase
- The decline phase
How SCM (Supply chain management) works?:
First, the SCM (Supply Chain Management ) tries to command the link of the production, shipment and also the distribution of the products.
By managing the supply chains, the companies will be able to get the excess costs and to deliver the products to the consumer quicker.
This will be done by the tighter control of inventories, production, distribution and sales. Supply Chain Management is working on the idea that every product which comes to the market takes a better effort from the various organizations.
Although supply chains are there for many years, most companies have only recently paid attention to them as a value-add to their operations.
The supply manager consists of five parts:
- The plan or strategy
- The source (of raw materials or services)
- Manufacturing (focused on productivity and efficiency)
- Delivery and logistics
- The return system (for defective or unwanted products)
Why you have to study in Canada:
Some of the top universities and colleges in the world are located in Canada, and students from all over the world have come to join the biggest names in their field.
Experts in Journalism, Politics, Medicine, and Technology, Canada got their start at universities like the University of Toronto and McGill University and everyone will have the chance to work in some of the sharpest minds in the world.
Canada offers an interesting variety of college models: colleges, polytechnics. Depending on the goals or what you’re looking for, you can find the best educational institution that suits you the best.
In Canada. there are a variety of subjects you can select on your particular stream. Like Art History to Neuroscience, to Accounting and Software Engineering.
To Clarify your doubt here are something you can consider:
- Economics degrees in Canada
- History degrees in Canada
- Finance degrees in Canada
- Pharmacy degrees in Canada
- Engineering degrees in Canada
Although Canada is a huge country, geographically speaking, most of its inhabitants live toward the southernmost region of the country. Some of the biggest cities in the country are also home to major universities and institutions:
- Study in Montréal
- Study in Québec City
- Study in Toronto
- Study in Vancouver
Masters in Supply Chain Management in Canada:
There are a few reasons to study Supply Chain Management in Canada are:
1. Good Pay and High Demand will come with a Career in Logistics and Supply Chain Management. A Career in Logistics Could Include Opportunities for Travel.
2. Graduates of Logistics Courses will be bored in their job. The rate of increase for supply chain employs is expected to be 8.4% for tactical jobs and 14.9% for managerial posts.
These are the reasons why you have to study a Masters in Supply Chain Management in Canada.
Top Universities for Supply Chain Management in Canada:
The top Universities for Supply Chain Management are listed down:
1. York Schulin School of Business ranks 401-500 and the program they offer is MSCM [Masters in Supply Chain Management] where the Intake Sessions are conducted in May.
2. HEC Montreat ranks 85 and the program they offer is MSc Global Supply Chain Management where the Intake Sessions are conducted in September and January.
3. The University of Windsor ranks 601-800 and the program they offer is Masters of Management Logistics and Supply Chain Management where the Intake sessions are conducted in September and January.
4. The University of Manitoba ranks 351 and the program they offer is MSc Supply Chain Management where the Intake sessions are conducted in September.
5. Concordia University ranks 601-800 and the program they offer is MSCM [Masters in Supply Chain Management] where the Intake sessions are conducted in September.
These are the top Universities for Supply Chain Management in Canda.
Subjects and Degree Offered In Supply Chain Management:
The supply Chain Management is the best field that combines the best concepts from the Industrial and Systems Engineering, Operations Management, Information Technology etc.
The particular courses that you study include market and research needs, planning methods and also controlling the supply flow.
In addition to the course, you will also have to develop some skills in research and analysis, problem-solving etc.
A Bachelor’s or Master’s degree in Supply Chain Management & Logistics will allow you to find jobs working as a project manager, industry analyst, global logistics manager, transportation director, supply chain consultant, and others.
Advantages of Studying in Canada:
The few advantages of studying in Canada are:
- The degree that is offered all over the world, the international business in Canada offers students the best academic system.
- The Canada government offers high living standards in the world at the most affordable price for the students.
These are the few advantages of Studying in Canada.
Admission Requirements:
In order to seek admission in logistics and supply chain management courses in Canada, students must fulfil the below-mentioned:
For Diploma / Undergraduate courses –
These are the requirements for the diploma/Undergraduate courses:
- completion of 12 years of elementary education
- relevant mark sheets and other necessary documents as required by the institution
- a good IELTS / TOEFL score
For Postgraduate / Master’s courses –
These are the requirements of the postgraduate/Masters courses:
- A relevant bachelor’s degree/diploma from a recognized institution equivalent to a degree offered by Canadian institutions
- Work experience
- Appear for IELTS / TOEFL exam in case your first language is not English.
Fees Structure:
The fees structure for studying in Canada:
Studying a one-year master’s in supply chain management in Canada can cost international students 23,000-47,000 USD.
An MBA with SCM focus can cost international students around 30,000-50,000 USD.
Application:
Online through official websites.
International applicants must ensure that the applications are submitted before deadlines for ensuring ample time for Canadian student visa processing.
Documents required:
The Documents required to join for the degree in Supply Chain Management in Canada are:
- Transcripts
- Proof of Language proficiency
- Standardized test scores: GMAT/GRE
- Letter of recommendation
- Resume/CV
- SOP or other supporting documents
Tuition fees required for Supply chain management:
The tuition fees required for Masters in Supply Chain Management are:
- York Schulich of Business-19,100
- Concordia University-28,400
- Manitoba University-8,500
- HEC University-20,000
- The University of Windsor-7,523
- Rotman School of Management-23,700
- Alberta School of Business-21,000
- DeGroote School of Business-32,700
- Universite Laval-20,000
Cost for living in Canada:
Cost of accommodation, books & material, transport, food & beverages, etc make up the cost of living for an international student.
The Cost of Living in Canada may have slight changes depending on the particular university.
Job Prospects:
The few job prospects that are required to study in Canada are listed below:
The International applicants will be trying to make the career in Canada so that they have required to have the work permit.
The Postgraduates in the Supply chain will be employed in the positions that are responsible for the organizations’ supply chain
A product from such industries is usually supplied on time to the beneficiary.
Pursuing a one-year master’s in supply chain management in Canada can cost international students 23,000-47,000 USD.
An MBA with SCM focus can cost international students around 30,000-50,000 USD. The average annual salary after completion of the postgraduate degree lies within the range of 45,000-100,000.
With the rise in the data available in the market, there has been a spike in the need for this data-driven role. This has resulted in the rise of trained professionals, making masters in supply chain management the new hype-course.
This article will be helpful to the one who is willing to join Canada for the Master’s degree in Supply Chain Management. All the Best..!!
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