Workforce Domination: Millennials and Supply Chain Management
Millennials are quickly taking over the workforce. The Governance Studies at Brookings predicts that by 2025, 75 percent of the workforce will be millennials. So, what will become of the supply chain in the millennial workforce?
A study done at the close of 2017 by the Council of Supply Chain Management Professional found striking results in regards to the future. CSCMP interviewed 300 young professionals. Of those 300, 70 percent are working towards a bachelor’s degree and 54 percent are majoring in supply chain management or a related field. The reason? When choosing a career choice, millennials gravitate to jobs that give endless opportunities and different types of jobs. They’re also looking for an abundance of room for growth. Millennials appreciate the surplus of opportunities for internships and first hand learning, saying it gives them perspective into the job before graduation.
Job satisfaction is another reason young professionals are looking to supply chain management for their career choice. When asked, 88 percent responded positively in regards to their overall job. Most using words such as “good”, “meaningful” and “enjoyable”.
Despite these reported high levels of job satisfaction, millennials are always looking for the next great job opportunity. A way for them to design, develop and implement business strategies of their own.
Millennials and the Attraction to Supply Chain Management
In the past 20 years we’ve been around, we’ve seen consumerism turn into an around-the-clock, on-demand industry, an increase in prescription drug abuse, and more and more shipping regulations put in place by big retailers and automakers. And throughout it all, we had to tailor our software to meet those demands.
These are the things millennials crave to be a part of. They want to effect change. After all they’re a huge reason new consumerism trends are emerging from brick-and-mortar stores to online, 2-day delivery.
Supply chain management provides millennials with the task of problem solving and analyzing business’s needs. Solving supply chain problems requires sorting through piles of data and delve into descriptive, predictive and prescriptive analytics.
A career in supply chain management also provides opportunities for millennials to make an impact. Lots of businesses are struggling to keep up with growing consumerism trends. We work to decrease those chances by completely customizing our software for our clients. Tailoring our software for clients makes projects impactful – even the slightest change brought on a company’s supply chain has a large impact on how it runs overall. Every decision made changes the face of the company strategy and organizational structure.
The wide varieties the supply chain industry offers keeps millennials engaged and stand out as a key reason they study supply chain management.