A profession in logistics and supply chain management is relatively new in India, as the field is still evolving. As a result, while demand exists, there is a lack of understanding and awareness about the industry. Despite all of the efforts, the industry will take its time to develop and mature into an educational giant. However, as the industry develops, it is critical to get your hands on suitable facilities, and the institutes that provide solid knowledge and higher value to these courses are at the top of the priority list.
What Do Logistics And Supply Chain Management Entail?
Logistics is the process of managing the flow of goods and services, as well as their storage, from point of origin to point of consumption.
It comprises both inbound and outbound movements but excludes forecasting and procurement.
The management of goods, information, and money as they move from supplier to manufacturer to wholesaler to retailer to the consumer are known as supply chain management (SCM).
SCM entails managing and integrating these movements both within and across companies in order to make items available when they are needed.
Three key flows can be identified in supply chain management:
– Flow of products
– Flow of data – Flow of money.
The Logistics Situation in India
India spends 13% of its GDP on logistics, compared to 10% in the rest of the world countries in development By 2020, India’s logistics market will have doubled.
By 2022, the Indian logistics industry would require 28.4 million competent warehouse managers in the “Senior Resource Category.” Technological advancements in the logistics business necessitate well-trained personnel across the board. In the future years, the Indian logistics industry will reach a market size of more than $125 billion.
Top colleges in India for Logistics and Supply Chain Management
1. Indian Institute of Foreign Trade, Delhi
The Indian Institute of Foreign Trade (IIFT) in Delhi is approved by AIU, AIB, AIMA, AIMS, GCN, and UGC, and is accredited by AACSB, EFMD, AMBA, and NAAC with an A grade. The institute was established as an autonomous organization by the Indian government in 1963, and it was later given the status of a judged to be university. NIRF 2021 has IIFT Delhi ranked 25th for MBA. IIFT Delhi, IIFT Kolkata, IIFT Kakinada, and IIFT Dar-es-Salaam (Tanzania) are the four campuses of the deemed university, which contains nine divisions and six centers. Students from Management, Commerce and other fields can enroll in PG diploma Executive, MBA (IB) full-time and weekend courses, Ph.D. programs, and a variety of other certificate courses at IIFT Delhi.
2. VELS Institute of Science, Technology and Advanced Studies, Chennai
VELS Institute of Science, Technology, and Advanced Studies (VISTAS) are a private, Deemed-to-be University (VELS University) in Chennai that was founded under section 3 of the UGC Act, 1956 and was recently recognized by the UGC under section 12 (B). VELS University has received an ‘A’ grade from the NAAC and provides NBA-accredited Engineering and Management Studies courses. Across 15 schools and 42 departments, the university provides 49 undergraduate, 45 graduate, 23 diploma and certificates, and MPhil and Ph.D. programs. In the NIRF Rankings 2020, VISTAS Chennai was ranked 43 in the Pharmacy category.
3. ICFAI Business School, Hyderabad
One of the greatest private institutes in Hyderabad is CFAI Business School (IBS). The institute was founded in 1985 under the supervision of the ICFAI Foundation for Higher Education and is accredited by the MHRD, SAQS, and NAAC. ICFAI Business School is one of the best management schools in Hyderabad and the first B-School in India to be certified by CRISIL with a national and state-level grade of A**.
IBS Hyderabad is a business school that prepares students for the workforce through a variety of programs and an industry-focused approach to curriculum, pedagogy, and other activities.
4. Loyola Institute of Business Administration, Chennai
The Loyola Institute of Business Administration (LIBA) is a prestigious private business school affiliated with Madras University. The institute is housed within the Loyola College campus in Chennai, Tamil Nadu. The college has provided world-class business education and competent executives who are socially responsible, practical, and dedicated with a global perspective and entrepreneurial spirit for more than four decades. The Jesuits of the Loyola College Society run the Loyola Institute of Business Administration in Chennai. The Jesuits have a long history of making significant contributions to higher education. The institute places a strong emphasis on the holistic growth of students in all areas, including spiritual, emotional, and social development.
5. CMS Business School, Bengaluru
Bengaluru, in the Indian state of Karnataka, is home to CMS Business School. It is a private college that was founded in 2009. UGC has granted the college accreditation. CMS Business School offers 15 courses in Management over one stream. MBA is a popular degree given by CMS Business School. CMS Business School is a leader in research and innovation, in addition to having a strong teaching pedagogy. CMS Business School places a strong emphasis on activities outside of the classroom, as seen by its infrastructure, extracurricular activities, and national and international connections. CMS Business School offers a wide range of placement opportunities, including corporate and public sector jobs, as well as entrepreneurship.
6. Amity Business School, Noida
Amity Business School, Noida is Amity University’s first private business school, founded over two decades ago by the RitnandBalved Education Foundation, which is Amity University’s parent foundation and is based in Noida, Uttar Pradesh.
The business school is UGC-approved, NAAC-accredited, and AICTE-recognized. Many magazines and agencies have ranked the institution as a premier B-school, and it has received high rankings from them. In 2018, the Times of India put ABS in the Top 10 B-schools alongside the IIMs, while Business Today ranked the institute as the 9th best B-school in India, as well as the 3rd best private B-school in India. ABS Noida offers MBA and Ph.D. programs in a variety of management specialties.
7. New Delhi Institute of Management, New Delhi
New Delhi Institute of Management, which was founded in 1992, is dedicated to providing the finest quality education in order to build business leaders with worldwide experience. NDIM was formed with the goal of becoming a global learning hub, and it has been recognized by AIMA, IMRB, Business World, and other organizations as one of the best management schools in the world. Since 2008, the AICTE and the Association of Indian Universities (AIU) have given their approval to NDIM.
8. GITAM (Deemed to be University), Hyderabad
GITAM (Deemed To Be University) was founded in 1980 with the goal of becoming a global leader in the higher education industry. GITAM, Hyderabad, provides modern and complete education that meets international standards, as evidenced by its accreditations and prizes.
The Indian Institute of Social Welfare and Business Management (IISWBM or IISWBM, Kolkata)
The Indian Institute of Social Welfare and Business Management (IISWBM or IISWBM, Kolkata) is a public B-School in Kolkata, West Bengal, India. The first management institute in the country, IISWBM, was founded on April 25, 1953, by Dr. B.C. Roy, the then Chief Minister of West Bengal, as its Founder-President and Prof. D.K. Sanyal as the first Director. In the subject of management, IISWBM provides a variety of PG, Certificate, and Doctoral programs. The institute conducts national level tests such as CAT, MAT, GMAT, XAT, ATMA, Group Discussion, and Personal Interview to select students for various programs.
9. Lovely Professional University (LPU), Punjab
Lovely Professional University (LPU) was founded in 2005 and became operational in 2006. It is located in Phagwara, Punjab. Along the National Highway, near the entrepreneurial city of Jalandhar, is the state-of-the-art university campus. Over 30,000 students attend Lovely Professional University, which employs over 4000 staff and faculty members.
The prestigious LPU university is considered the country’s largest single-site campus private institution, with over 300 courses attended by a diversely wealthy student body from all over the country.
The University Grants Commission, the Council of Architecture, the National Council For Teacher Education, the Pharmacy Council of India, and the Bar Council are only a few of LPU’s affiliations and accreditations.
Conclusion
All of the above-mentioned logistics and supply chain management courses offer some form of unique benefit. You may be able to get your hands on industrial software as part of one course, but you can also receive a more in-depth look at the ideas involved. Your choice is yours to make. In the post, we have clearly specified the topics covered as well as the pricing of each course. Keep your end objective in mind, whether you want to learn more about the subject or gain a career by acquiring an MBA in logistics and supply chain management. These are the best colleges for Logistics and Supply Chain Management degrees in any case.
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