What is a supply chain degree
Master of Logistics, Supply Chain Management in Austria 🎓 - 6 courses
Course offerings in the field of logistics and supply chain managementThe courses offered by educational providers and universities include, for example, master’s courses that focus on supply chain management or international supply chain management or deal with (online) logistics management. Further courses of study that are available to prospective students are, for example, those in the areas of international logistics and trade, logistics and transport management, or project and process management.
Structure and content of the degree in Logistics and Supply Chain ManagementLogistics and supply chain management are classic componentsthe Economics. Business management learning content is therefore an integral part of this subject. Especially at the beginning of the course, but mostly throughout the rest of the course, the students sit down in the subjects with course content such as controlling, marketing & management, sales, financial planning and financial management, investment calculations, personnel management, process and production management, quality management or with the Drafting business plans apart. This means that they also have to acquire or prove expertise in mathematics and statistics. This knowledge is also a prerequisite for dealing with different management models as well as with the theoretical and practical foundations of international trade.
The fan core - e.g. techniquesand Organizational formsthe storageand Provisionof goods, services and raw materials - is primarily under the buzzword Industry 4.0 and therefore deals with the networking and digitization of storage and transport. The technical requirements that are required for this are analyzed. In addition, the appropriate IT architectures and services are examined. Students analyze the nature and structures of value chains on a scientific basis and reflect on possible optimizations, for example in terms of costs or the reduction in time required. Classical subjects such as warehouse management teach students the ideal organization and equipping of warehouse systems. Students also deal intensively with the techniques scientific workand applied research methodology and learn, among other things, how to operate logistics systems better. Further course content and focus of the curriculum are - depending on the course - for example purchasing organization, materials management, sustainability, supplier management, leadership, strategic supply chain management or logistics planning.
Course content and examples for lecturesDepending on the educational provider / university (e.g. university or FH), the training takes place in a wide variety of core areas. Here you will find exemplary focal points and in addition selected lectures for the master’s degree in Logistics and Supply Chain Management:
Procurement & Global Sourcing
- Lead times
- Inventory and supplier evaluation
- Big data and logistics
- Online trading and logistics system
- Auto-ID and logistics management
International transport & transport law
- Logistics geography
- Intercultural management
- National and international transport law
Tenders and IT systems
- Electronic tenders (eRFI, eRFQ)
- Price structure analysis and cost breakdown
- Lifecycle cost analysis for capital goods
Requirements for the Master’s degree in Logistics and Supply Chain ManagementOne of the formal requirements for admission to the master’s course is often a university degreerelevant first degree (e.g. Bachelor in economics or engineering) or the corresponding - usually several years -Professional practicein the industry. If you do not have a first university degree, but you have a university entrance qualification, this can entitle you to admission in combination with several years of professional activity. The same applies to a lack of university entrance qualification, which - depending on the training provider - can be compensated for by providing evidence of completed vocational training and relevant professional experience.
The subject area deals with the essential components of modern business: the international supply and value chains as well as transport routes. WithoutEnglish skillsit is therefore almost impossible to successfully complete such a degree. In addition, prospective students should bring a high level of willingness to cooperate within the company as well as outside of the company, for example when dealing with customers or suppliers, both during their studies and in their later professional experience with supply and supply chains. Teamworkis also an important key skill. The courses offered are often interdisciplinary, so those interested in studying should also be curious about related subjects. Logistics and supply chain management are particularly interesting for people who have a strong ability to plan and organize, who also like to think about what leadership means and how motivation and incentive systems work.
Career prospects and salaries after completing the master’s degree in logistics and supply chain managementThe dynamics of globalization - increasing networking, digitization and integration of markets - ensure that the need for supply chain managers is steadily increasing. Economic processes based on the division of labor mean that many transport routes are often required for the manufacture of a product. After completing their studies, graduates are deployed wherever the planningand organizationof (international) supply chainsgoes. They ensure, for example, the unhindered flow of goods, services or raw materials. Most of them work in an interdisciplinary manner and are responsible for both logistics and IT tasks. Graduates create the right conditions to ensure that supply chains do not stall. Most of the time, they either work full-time and at a managerial level in the production facility itself or in a company that specializes in logistics services. To further Occupational fieldsin which supply chain managers can be found include e.g. strategic and operational purchasing (e.g. as purchasing manager) or supplier management. Ideally, logisticians ensure that goods arrive on time so that they can be further processed - they avoid costly warehousing. In addition to the areas Industryand tradeGraduates also come in Consulting companyor used in management consulting. Here you model, plan and design optimal supply and supply chains for your customers. In addition, graduates of the logistics degree have career opportunities in logistics management, procurement logistics, disposal logistics, production logistics or distribution logistics.
The salaryFor Career startersis estimated at € 38,000 (gross) per year. With appropriate professional experience, this can increase to an annual salary of up to € 56,000 (gross). It should be noted that the wage level and taxation are different in Germany, Austria and Switzerland.
To the courses
The master’s courses in the field of "Logistics, Supply Chain Management" can be taken in the following Austrian federal states as well as distance learning:
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