Supply chain management (SCM) offers a diverse and rewarding career. SCM professionals now occupy a range of influential positions across organizations. Those in the field work in procurement, operations, logistics, transportation and trade, as well as consulting and senior management. Fortune 500 companies, small- and medium-sized enterprises (SMEs), governments at all levels, other public sector institutions and non-profit bodies all employ supply chain management professionals.
Statistics Canada data indicate that the supply chain sector is expanding. More than 700,000 people work in some aspect of supply chain management in Canada today.
The annual labour force growth rate of the supply chain sector was 2.1% from 2001 to 2009. The sector added about 14,500 new jobs a year between 2001 and 2009. As well as an anticipated continuation of growth in new jobs, the sector is expected to face a vacancy rate of more than 80,000 jobs a year due to retirements and turnover.
Approximately 150,000 positions in the supply chain are at the professional or managerial level. These positions demand professionals who are both supply chain specialists and strategic business managers.
Skills in Demand
What’s required of today’s successful SCM professional? PMAC undertakes extensive market research to determine the competencies that organizational leaders are looking for in their supply chain professionals.
In addition to foundational supply chain management and business function knowledge, employers expect the following skills and attributes:
- Ethical Behaviour
- Strategic Vision
- Change Management
- Strategic Leadership
- Strategic Planning
- Relationship Management
- Process Management
A Rewarding Career
According to the most recent annual Salary Survey from PMAC, Purchasing b2b and MM&D magazines, the average salary for a supply chain management professional in Canada is $81,000. Holders of the SCMP (Supply Chain Management Professional) designation earn an average of $88,900, compared to $78,300 for non-holders, a premium of nearly 15%. Supply chain salaries at the executive level are an average of $164,600.