On popular demand and as a gesture to thank you all for making the SNAP Mock test seriescourse the most enrolled course for new snap pattern based mock test series across all platforms, we bring to you in this article the list of SNAP 2020 important topics so that you all can fine tune your preparation in a better way as we approach the exam day.
SNAP 2020 Important Topics
Percentages and Averages
Simple and Compound Interest
Time, Speed and Distance
Time and Work
Mixture and Allegations
Antonyms and Synonyms
Active Passive Voice
Fill in the blanks
Figures of Speech
Arrangements and Distribution
Numeric and Alphanumeric Series
Statement Assumption Conclusion
Family Tree and Blood Relations
Cubes – colors and paints
We wish you all the best for upcoming SNAP Exam and do enrol for SNAP Mock Test Series based on new pattern if you are yet to enrol. Already more than 2100 students are preparing through it.
We bring to you today the list of MICAT Essay Topics 2020 – 21. We all know that you will get three questions in essay writing, where in one you have to write for the topic, in one against the topic and in the third question, as a critic review. We will again update this article in mid January 2021.
MICAT Essay Topics 2020 – 21
Let us have a look at some of the probable Essay Topics so far.
Impact of Covid 19 on Indian economy
Accessibility of Covid vaccine to all – dream or a possibility
Role of international relations in accessing covid vaccine
India managed covid 19 well – Agree or Disagree
Work from Home will be a new normal even after covid – yes or no
OTT content needs a stringent censorship
Impact of short video applications on Indian young generation
Role of HR managers in managing workforce from home
Ban of Chinese apps – was it justified
India Not to become USD 5 Tn economy
Bank Mergers will cause economy collapse
Is Aatmanirbhar bharat a possibility?
Can indian consumers ever go vocal for local?
Artificial Intelligence is an evil in disguise – will take away jobs
Individual freedom is a myth in India’s civil society
Financial inclusivity is a myth unless Technology reach is inclusive
Sex education is the only way to remove teenage pregnancy
Use of animals for research purposes is justified
Political campaigns on social media channels are all fake content to mislead voters
Media and movies have influenced the perception of female body image
Violent video games directly correlate to violence in schools
Women empowerment is hollow if gender bias continues in society
Law amendment is not enough to curb crime against women
Art and Artists cannot be excluded when it comes to isolation of rival countries
Industrial Development and Ease of Business is more important than Climate Change control
Data Security is a myth in the days of Whats app and Facebook
IIFT Exam Date 2021 Announced – Exam will be conducted on January 24, 2021. Last date to apply for IIFT 2021 exam is December 20, 2020. IIFT Exam 2021 will be conducted from 3 PM to 5 PM on 24 January, 2021.
IIFT Exam Date 2021 Announced
IIFT Exam will have 4 sections:
Reading Comprehension and Verbal Ability
Data Interpretation and Logical Reasoning
IIFT Exam 2021 Eligibility Criteria
Recognized Bachelor’s degree of minimum 3 years’ duration in any discipline with minimum 50% marks [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and Persons with Disability (PwD) categories] (workedout on the basis of aggregate marks obtained in all the papers)
Candidates appearing for a qualifying examination can also apply subject to submission of proof of requisite qualification by 7 th October 2021.
There is no age limit for appearing in this examination. Admission of any candidate who joins the programme on provisional basis but fails to obtain minimum percentage in the bachelor’s degree examination will be automatically cancelled forthwith.
The customer today is spoilt for choice and the increasing competition just makes it more important for companies to differentiate themselves. Apart from innovation, another important way to stand out from the crowd is communicating with the customer. This is where sales and marketing professionals come in. Communicating with the customer would primarily consist of marketing which would include brand management, market research and advertising and sales which is a different function in itself. Let us now have a look at most popular Job profiles after MBA in Marketing.
Job Profiles After MBA in Marketing
Brand Manager Let us start off with brand management since this is what most of the B-Schoolers aspire to be someday. The primary target of brand managers is to increase market share and it is their call as to what kind of advertising and promotions to use after studying the customers and the other external factors like the regulatory frameworks.
A brand manager typically starts with the basics like segmentation of the customers which makes it easier to target the group that they plan to cater to. They use different methods like demographic, psychographics, geographic and behavioral studies.
Brand managers are responsible for creating a brand identity for the product; the brand should be distinguishable from the clutter in the market. Typically a brand manager is appointed for a specific product i.e. a brand manager would be appointed for Axe Deodrants rather than being appointed for HUL as whole.
Brand management also involves long term strategy for the product, interpretation of the market research, pricing and product developments and decision to either expand or curtail the brand. MBAs out of top B-Schools usually start off as Assistant Brand Managers.
Account Managers/ Executives (Advertising)
Another interesting field in the marketing space is advertising. Advertising would appeal to people who are creative and enjoy working in a chaotic environment with little structure. We would limit our discussion to account management in advertising agencies which is a career choice post MBA.
Account executives in advertisement agencies are responsible for acquiring and managing accounts. They act as a liaison between the clients (brand managers) and the creative team in the agency.
Account executives and managers take important decision like briefing the creative department, execution of campaigns and taking calls on the advertising budgets. With social media becoming a main stay, we have many advertisement agencies that specialize in internet marketing.
The starting salaries in advertising are on the lower side, but one gets good exposure working with big clients and in high profile campaigns that can be leveraged later.
Research Manager/ Senior Analyst Marketing research is a field that supports other marketing functions. Some companies have their own marketing research departments while others prefer to outsource their marketing research to other firms which specialize in this field. Marketing research primarily involves a lot of number crunching and interpreting the outcome of that. Marketing research revolves around finding patterns in the data that would enable companies to predict the behavior of consumers and identify trends that would enable them to be prepared for a coming change in the market.
The term big data is going to shape the way companies target and communicate with the customers. Data crunching and using new techniques that are being developed by big players like IBM and Oracle is creating a new breed of professionals known as data scientists. This tilts towards the field of analytics but is a function that would be very important for brand managers in the coming days.
Professionals are hired as Analysts for marketing research. An MBA may be typically hired for the post of a senior analyst or research managers. Some of the basic tools that are a must for professionals in this field are Microsoft Excel, SPSS and SAS.
The starting salaries in this field are competitive and with the right skills the scope for negotiating salary is good.
Sales Manager Though MBA aspirants mostly aspire to be hired as brand managers right out of college, in reality most of the fresh hires from B-Schools are offered sales positions. The responsibilities for a sales manager would depend on the organization and the sector. Once the marketing team is done with the go to market strategy, it is up to the customer facing sales professionals to take it from there on.
In a FMCG organisation, the sales manager would have to interact with the distributors and the retailers in addition to the customers, where as in a direct selling scenario like insurance there may be no intermediaries and the customers may have to be approached directly.
As a sales manager one would typically be responsible for a particular territory and would supervise a team of sales executives. Maintaining relations with the stakeholders in the sales and distribution channel is of prime importance for a sales manager.
Sales managers would be given sales targets that may be a reflection of either the market conditions or the current condition of the company.
Business Development Manager
A Business Development Manager works to improve an organization’s market position and achieve financial growth. This person defines long-term organizational strategic goals, builds key customer relationships, identifies business opportunities, negotiates and closes business deals and maintains extensive knowledge of current market conditions. Business Development Managers work in a senior sales position within the company. It is their job to work with the internal team, marketing staff, and other managers to increase sales opportunities and thereby maximize revenue for their organization. To achieve this, they need to find potential new customers, present to them, ultimately convert them into clients, and continue to grow business in the future. Business Development Managers will also help manage existing clients and ensure they stay satisfied and positive. They call on clients, often being required to make presentations on solutions and services that meet or predict their clients’ future needs.
Marketing analytics comprises the processes and technologies that enable marketers to evaluate the success of their marketing initiatives by measuring performance (e.g., blogging versus social media versus channel communications) using important business metrics, such as ROI, marketing attribution and overall marketing effectiveness. In other words, it tells you how your marketing programs are really performing.
Marketing analytics gathers data from across all marketing channels and consolidates it into a common marketing view. From this common view, you can extract analytical results that can provide invaluable assistance in driving your marketing efforts forward.
Define the business goals and own the results for respective products
Plan and launch products that help the company generate revenue, while being conscientious and cautious of impacts on core user experience
Manage a long-term roadmap for internal tools, data and analytics, and revenue-related products and improvements
Solicit ideas and feedback, gather requirements, write specs, create wireframes and workflows, and coordinate cross-functionally
Drive strategic product decisions via evaluation of market trends and meticulous retrospective and prospective analysis of product and revenue performance
Search engine marketing (SEM) is a form of Internet marketing that involves the promotion of websites by increasing their visibility in search engine results pages (SERPs) primarily through paid advertising. SEM may incorporate search engine optimization (SEO), which adjusts or rewrites website content and site architecture to achieve a higher ranking in search engine results pages to enhance pay per click (PPC) listings.
SEM is the wider discipline that incorporates SEO. SEM includes both paid search results (using tools like Google Adwords or Bing Ads) and organic search results. SEM uses paid advertising with AdWords or Bing Ads, pay per click (particularly beneficial for local providers as it enables potential consumers to contact a company directly with one click), article submissions, advertising and making sure SEO has been done. A keyword analysis is performed for both SEO and SEM, but not necessarily at the same time. SEM and SEO both need to be monitored and updated frequently to reflect evolving best practices.
HOW TO BEGIN THE PREPARATION FOR MARKETING PROFILES
Coming to the preparation for these positions, first and foremost thing is to be well read as it always provides you an extra edge. For starters, Marketing Management by Philip Kotler is a great place to learn the basics. Reading the book and then searching for applications in the current market scenario is a great way to imbibe the knowledge from the book. Going through the latest business periodicals gives an idea about the direction in which companies are moving.
Afaqs.com, a website dedicated to advertising is a must for aspirants who are looking to enter the field of brand management and advertising. The B-School would give you the necessary academic input needed for a career in sales and marketing, but succeeding in it would be a function of the hard work you put in, pro-activeness you show, the ability to flesh out details and strength to leverage networking.
With this, we come to the end of this article and we hope that it was informative and helped you. Since you are reading this article, we are sure that you are a marketing enthusiast, so we suggest you to go through following articles as well.
Human Resource is not just about interacting with people and alleviating their problems. In fact, barring a few disciplines, interaction is not even required on the level which people presume to be. In a typical setup, the HR department constitutes the following disciplines:-
• Talent Acquisition (or Staffing) • Organizational Talent Development • Compensation and Benefits • Industrial (Labor) Relations • HR Analytics
1. Talent Acquisition (or Staffing)
To begin with Talent Acquisition or Recruitment as we generally perceive it as is the function which gives you the opportunity to interact with people on a regular basis. As a manager in this function you are handed over the charge of taking care of the organization’s staffing requirements (includes both blue and white collars). So apart from the interviews and the campus relations, you have to maintain, evaluate and forecast the requirement of manpower in the company. The job also involves getting in touch with the HRs of different departments and units (if yours is a multi-location organization) to co-ordinate and ensure that the vacancies are filled within the time frame. Maintaining a talent pool (as some of the IT giants are known to do) is also a part of your work.
2. Organizational Talent Development
Next in the pipeline is Organizational Talent Development which basically articulates the skills, competencies and capabilities of the workforce and tries to enrich the same by encompassing areas like on the job training, job enrichment, job rotation etcetera. The OTD strives to better the non-financial aspects of the employee reward package. Thus be it training to facilitate knowledge enrichment, rotation to give varied exposure or introduction of mentoring programmes to develop a leadership pipeline, OTD ensures that an employee gets every opportunity to grow and progress within the organization.
3. Compensation and Benefits
A Compensation and Benefits manager is entrusted with the vital task of handling the most important motivating factor for the employees. The C&B personnel has to stay abreast with the latest industry standards and keep inculcating the best practices for his company, to whichever extent possible. He has to ensure that the pay structure is employer friendly and helps them to manage their funds (including save on taxes) effectively. The different parameters on which the variable pay and the benefits (company car, medical insurance, LTC etcetera) depends, are also largely decided by this sub-function.
4. Industrial (Labor) Relations
Industrial Relations or IR as it is widely abbreviated, has so many intricacies involved in it that it can form a specialization in its own! An IR manager caters to the blue collared employees and hence they are usually not to be found in IT/ITES companies. The scope of work in IR involves a lot of legal compliances and statutory requirements that need to be met. Consequently it requires the personnel to be completely knowledgeable of all the labour laws and policies at all times. Excellent negotiation skills are also a pre-requisite for an IR manager since wage settlement forms an important accountability of his job. A dereliction of duty by him can lead to disaster for the company (strikes and shut downs)
5. HR Analytics
The last discipline on the list is also the newest on the block. Gone are the days when HR used to be all about theories and intangibles. Today every business needs its departments to talk in numbers and HR is no exception. HR Analytics creates a single view of all relevant workforce and talent data and uses it to arrive at business driving processes and initiatives. So parameters like turnover, optimization or cost of the employees are all presented in a single view to be positively used to impact the business. It’s like establishing a cause and effect relationship between what the HR does and the business outcomes.
With the industry revolutionizing day on day basis, Human Resource Managers have started playing a much bigger role as compared to earlier days. They are involved in all the strategic moves which includes people and the related policy making.
Are you aspiring to be an MBA with specialization in Finance? Or are you a current MBA student deliberating about taking Finance as a specialization? Aspirant or Student, you must be curious about the various profiles being offered to MBA Finance Students – Here we bring to you the comprehensive list of Job Profiles in Finance after MBA.
Job Profiles in Finance after MBA
Investment Banking is the field of banking that assists companies in acquiring the funds they need for their businesses. Investment Bankers help the business to know the most suitable way to manage the assets of the business and make use of the financial leverage a company has.They also have the job of tracking the market in order to be able to offer advice to a company about the ideal time to release IPO or FPO.
Many people choose a career in investment banking industry because of its potential for high earnings. A career in this field is competitive and time intensive. One needs to travel a lot, work round the clock on a more or less regular basis. They also need to be cutting edge and ready to fight in this cutthroat competition.
Consulting is the job of helping organizations improve their business performance, primarily through the analysis of existing organizational problems.
What do they do?
Consultants search for the problem, do a need gap analysis and finally provide solutions.They generally work for consultancies.
Consultancies provide organizational change management, development of coaching skills, technology implementation, strategy development, operational improvement services, etc. Management consultants generally bring their own proprietary methodologies or frameworks to guide them in the identification of problems and to serve as the basis for their recommendations. This provides for more effective and efficient ways of performing work tasks.
This is one field which primarily involves financial advice and services for large corporations and HNWI individuals. They invest their own capital in client companies and provide fee-based advice services for mergers and acquisitions, issuing letters of credit, trade consulting and co-investment in projects involving trade of one form or another among other services they provide. Also they work as financial institutions with its prominent role being that of stock underwriting.
Risk Management is the task of assessing and quantifying business risks such as liquidity, operational or credit risk, capital risk and then taking measures to control or reduce them. It is often a part of the compliance function. For example, Minimum Capital Adequacy Ratio, SLR, CRR, etc. for banks and provisioning for bad investments or Non Performing Assets for other businesses.
It is an integration of banking, investment and other financial services provided by banks to private individuals investing sizable assets. In addition to providing exclusive investment-related advice, private banking goes beyond managing investments to address a client’s entire financial situation. Services include: protecting and growing assets in the present, providing specialized financing solutions, planning retirement and passing wealth on to future generations.
Private Banking customers have a dedicated relationship manager (RM) and service manager/officer to advice and service accounts. Many of the private banking clients are owners /promoters of business, thus the private banking RM works closely with corporate banking RM to personal as well as business banking needs of the customers. Cross Referrals between private banking and corporate banking business are very important. Along with this Private Banks depends on Bank’s Treasury and asset management companies that provide them innovative products that provide them a competitive advantage
The single-biggest problem for growing wealth management businesses in India is supply, as the talent pool of financial advisers is very shallow. Despite the large number of graduates, the talent pool of financial advisers is very shallow, and every firm is chasing them. Demand from clients is there and there is the right delivery mechanism in terms of an evolving array of products. However, there are nowhere near enough advisers to service this demand. And thus creating a large number of opportunities for employment in this field
Asset Management is the professional management of various securities and assets in order to meet investment goals of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments, etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes. e.g. Mutual Funds or Exchange Traded funds.)
Project Finance is the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure. Here project debt and equity used to finance the project are paid back from the cash flow generated by the project.
In other words, project financing is a loan structure that relies primarily on the project’s cash flow for repayment, with the project’s assets, rights, and interests held as secondary security or collateral. Project finance is especially attractive to the private sector because they can fund major projects off balance sheet.
Private Equity/Venture Capital
Institutions which provide entrepreneurs with seed capital to startup firms and small businesses with perceived long-term growth potential are known as Venture Capitalists. This is a very important source of funding for startups that do not have access to capital markets. It typically entails high risk for the investor, but it also has the potential for above-average returns.
Venture capital can also include managerial and technical expertise. Most venture capital comes from a group of wealthy investors, investment banks and other financial institutions that pool such investments or partnerships. This form of raising capital is popular among new companies or ventures with limited operating history and which cannot raise funds by issuing debt. The downside for entrepreneurs is that venture capitalists usually get a say in company decisions along with a portion of the equity.
At the end, we would like to say that doing a specialization in Finance does open doors to many lucrative jobs with high packages. However, work-life balance may take a toll at times for few of the above mentioned profiles. So, you need to take a call between money and work-life balance sometimes! 🙂
Hope the article helped you in understanding major Job Profiles in Finance after MBA.
Most b-schools in India have more than 70% engineers in every batch , and many of them have work-ex in the range of 1-3 years. Out of these, 70% engineers have work experience in an IT firm. Most of them leave their jobs for better future, better profile, switching domains or some are just simply tired of coding. Today in this article we will explore some career options in IT post MBA and this is applicable to every aspirant; be it a one with work experience or a fresher. Let us have a look at Job Profiles After MBA in IT.
Job Profiles After MBA in IT
The responsibilities include but are not limited to working on RFIs, RFPs, Project Estimations, Competitive Market Analysis, Opportunity Identification, Negotiations with Finance Teams and Presentation for Clients. It is considered to be a perfect heads-up for the role of Business Development Manager which is nothing but front end Sales Profile in IT.
Pre-sales can be of 2 types: One is horizontal pre-sales and other is account based pre-sales horizontal pre-sales is looked after by MBAs hired as pre-sales consultant / associate consultant and account pre-sales can be looked after by either BA (for a small account) or pre-sales consultant (for a big account).
Client trusts the Pre-Sales person the most as he is considered to be one aware about what is being suggested by the vendor. Pre-Sales people are the go-to guys in any IT company and front end Sales Team, Delivery Managers and Leadership all look upon them for coming up with breakthrough ideas/identifications to generate more revenues for the company. Career Growth beginning from a Pre-Sales Consultant can be into diverse lines: One may get into Domain Consulting, can get into Delivery Roles if interested in Project Management stuff and at last but not the least, may get into front end sales which is the most obvious progression.
2. Business Analyst
A Business Analyst acts as an interface between the customer and delivery team. Business analysts understand the business processes and customer requirements followed by a need gap analysis and finally document them properly in a format that the delivery team (developers) understands. The developers in turn convert those business problems into technical problems and provide technical solutions for them.
Apart from the above, BAs act as Single Point of Contact for the client and are regarded as Subject Matter Expert by the client for the ongoing project(s). It is the position that again holds high in front of client and includes a good amount of client interaction.
3. Functional /Technical IT Consultants
They are responsible for understanding the business processes of the customers and implementing packaged ERP/SCM/CRM software (like SAP, Oracle) after making the necessary customizations. ERP(Enterprise Resource Planning) is meant for streamlining business processes internally within an organization CRM(Customer Relationship Management) is related to Customer management from booking to delivery, after-sales etc SCM(Supply Chain Management) is related to management of suppliers of an organization
You may Google to know more about above terms or may let us know if you want to know more about them in upcoming articles! 🙂
4. Project Manager
Project Managers are involved in a project right from the stage of requirements gathering. They are required to do Planning, Estimation, Resource (People, Hardware, Software etc.) and time management. Tools like MS Project, IPM + are heavily used by PMs. This is more internal to the company and the interaction with the client may not be of the same level as the delivery manager. This has more to do with the internal operations of the company and the project.
We hope this article succeeds in throwing some light on career prospects in IT post MBA. Feel free to pour in your feedback in the comments section or on our FB page. And yes, please do hit Like button if you enjoyed reading!
Supply Chain Management, the process of managing the network of interconnected entities involved in provision of end product to customer, is one of the high growth functions across the sectors. It is being considered as the most coveted specialization in Developed Nations while Companies in Developing Nations have started giving it due importance. And with this increasing demand of Supply Chain Managers, B-Schools have started to strengthen their base in the specialization. Student fraternity in India and other developing nations has started to explore more about the domain. They want to know more about the profiles being offered, about the work-life balance and many more details of this domain. In order to facilitate our friends who are spending their grey matter on research before diving into the deep ocean of opportunities in Supply Chain area, here we come with the analysis of few major job profiles after MBA in Operations and Supply Chain Industry.
Job Profiles After MBA in Operations / Supply Chain
1. Procurement / Purchasing This is one of the most coveted profiles in Supply Chain domain. Procurement/Purchasing manager is responsible to buy/approve acquisition of goods and services needed by the company. This can either be raw material needed for production, facilities and equipments for manufacturing, general supplies needed for the company and even the marketing services. In simple words, you have to spend TONS of money wisely.
Scope of the role would be defined by the policies of the company you are employed with, for example: Procurement Manager in Proctor and Gamble might be having a different scope of work when compared to his counterpart in Hindustan Lever Limited. It is an important role as almost all the leading companies spend two-third of their revenue on buying goods and services, making this role a vital one for the organization. Profile needs a good mix of hard and soft skills as you need to interact with plethora of people, suppliers and other organizations.
Few key responsibilities include:
Getting goods and services for the best price and value
Cutting any waste and unnecessary costs to create a streamlined process and fast production times
Working with suppliers to ensure that key processes are running efficiently and cost-effectively
Building strong working relationships both internally and with key suppliers
Liaising between suppliers, manufacturers, relevant internal departments and customers
Contract management and negotiation
Understanding and keeping up with new trends and regulations in the business
Dealing with international suppliers
Understanding technology and managing online systems such as e-auctions and e-tendering
However, remember that if you screw up the deliverables in this role, entire supply chain of the company gets disrupted, goods are not delivered, and company loses revenue as well as the brand image. So, if you are ready to take up the challenge, this is the role in Supply Chain that deserves you!
2. Plant/Facility Manager This is another important role and generally people with work experience in Core Engineering branches like Mechanical, Electrical, Production and Civil are preferred for these roles. Plant manager oversees all daily operations of a plant. He often is in charge of everything from production and manufacturing (including physical operations) to making sure policies and procedures are followed in all departments. Supervising and motivating staff members also form the important part of the responsibilities of manager. He is even required to maintain a clean plant free of safety or health concerns.
Key responsibilities also include ensuring that the production equipment and machinery should be meticulously cared for to avoid lapses in the manufacturing process and to ensure quality control standards are upheld.
In addition, the manager may be responsible for creating and following a budget and preparing profit and loss projections. This requires proficiency in math and skills in creating reports and spreadsheets utilizing commercially produced and in-house software programs. The ability to interpret reports and statistics from outside agencies is also an important skill needed by a plant manager.
Depending on the company one is working for, there may be sub-divisions of all the responsibilities into different roles like: Plant General Manager, Plant Manager- Manufacturing, Plant Operations Manager and Line Manager to name the few.
Before we move on to the next role, we would want to mention that traditionally, manufacturers have relied on plant managers to ensure the production process moves forward as smoothly and efficiently as possible. But increasing competitive pressures have changed the way many manufacturers view the role of the plant manager.
The modern plant manager needs to be more than a “traffic cop” but someone who is involved in critical decision-making activities that impact profits.
3. Logistics / Distribution Manager This is another coveted profile for Supply Chain enthusiasts. Key responsibility is to organize the storage and distribution of goods. Essentially, manager needs to ensure that the right products are delivered to the right location on time and at an optimized cost. They may be involved in transportation, stock control, warehousing and monitoring the flow of goods.Logistics Manager job
Managers needs to have an understanding of the whole supply chain so they can co-ordinate it effectively and liaise with suppliers of raw materials, manufacturers, retailers and consumers. Even IT plays a big part in the role as IT systems are used to keep track of stock levels, delivery times, transport costs and performance evaluation. Managers must also be aware of external influences such as legislation, fuel costs and environmental pressures. They will always need to be considering how business development can fit with sustainability. Responsibilities vary according to the specific job role and whether the employing company is a manufacturer, retailer or specialist service provider (e.g. in third party logistics (3PL)).
Few common work activities include:
Monitoring the quality, quantity, cost and efficiency of the movement and storage of goods
Coordinating and controlling the order cycle and associated information systems
Analyzing data to monitor performance and plan improvements and demand
Allocating and managing staff resources according to changing needs
Liaising and negotiating with customers and suppliers
Developing business by gaining new contracts, analyzing logistical problems and producing new solutions.
Once the person moves up the ladder in role and starts playing role at higher management, responsibilities enhance and include: Planning projects Working on new supply strategies Planning vehicle routes Using specialist knowledge, such as mechanical-handling systems, to provide consultancy services
4. Warehouse Manager
Role of Logistics/Distribution Manager may be sub-categorized into the role of Warehouse Manager. As a warehouse manager, your responsibilities will specifically include: Continuously optimizing Warehouse operational processes Ensuring all the processes are conducted smoothly and no bottleneck is present Implementing health and safety procedures in warehouse Managing staff training issues Motivating other members of the team Setting objectives for all the employees as warehouse to achieve better efficiency on yearly basis
5. Supply Chain Manager There are few companies which prefer to have the role name as Supply Chain Manager rather than sub-dividing it on the basis of different functional entities. Generally, one may expect to be dealing with much wider scope of responsibilities in this role.
Supply chain managers have a tremendous impact on the success of an organization. These managers are engaged in every facet of the business process, right from planning and purchasing to distribution and customer service. A supply chain manager can either work in one of the following areas of supply chain, or can be managing all of them. These include planning of entire Supply Chain or of any of the functional entities, production supervision, inventory management, product delivery and Customer Service.
Competencies and Skills Required You might be thinking that what are the competencies and skills that I should be possessing to leave my mark in these coveted Supply Chain profiles.
Here we list few of the major ones for you: Domain Knowledge- a clear understanding of various concepts of SCM Decision Making Skills- Analyzing information and evaluating results to choose the best solution and solve problems Analytical Skills- Observing, receiving, and otherwise obtaining information from all relevant sources, analyzing it to arrive at logical conclusions Communication Skills- Communicating with Supervisors, Peers by telephone, in written form, e-mail, or in person Team Building- Developing and working in small and large teams. Resolving conflict, providing motivation Negotiation- Negotiating with different vendors, suppliers, logistic providers etc.
At the end, we would just like to say that do not go by the scenario of today while deciding about Supply Chain as a specialization, reason being India is still developing. Think about the industry requirements in long run and then decide whether Supply Chain profiles are the ones in which you would like to build your career and contribute to your organization. We hope this article provided you ample information on the basis of which you may evaluate Supply Chain Management as a career in a better way.
New SNAP 2020 Exam Pattern has been announced. SNAP 2020 Exam will be of 1 hour duration and can be attempted upto 2 times by a candidate, with best of the two scores to be considered for SNAP 2020 Admission.
New SNAP 2020 Exam Pattern
SNAP 2020 exam will be conducted once in Dec 2020 and then possibly two times in Jan 2021. An aspirant can take SNAP UP TO TWO TIMES and the best of the performance of candidate out of the attempts he/ she has made will be considered for final percentile calculation.
Following is the revision in SNAP test structure for SNAP 2020 ( in comparison to what it was earlier)
Total no. of questions
Quantitative, Data Interpretation
Analytical & Logical Reasoning
The marking pattern to be one (1) mark for each correct answer and 25 % negative marking for each incorrect answer.
SNAP will be conducted using the computer-based test, or CBT in short, mode. The application fee will be Rs. 1750/- for each attempt of SNAP 2020. The candidate has to decide if he/she plans to give SNAP ONCE or TWO times (well in advance)
Top MBA Colleges Accepting SNAP 2020 Score
SIBM Pune (among top 10 MBA in Marketing colleges)
SCMHRD Pune (among top 3 MBA in HR colleges)
SIIB Pune (relatively decent for Consulting and IT profiles)
SIMC Pune and Bangalore (for MBA in Media and Communications)
Thank you all for the overwhelming response to TISSNET Coaching Course,TISS Toppers Packand TISS GK Courseand we assure you to continue our performance of last 4 years where more than 80% of the GK Questions came from our GK E Books and Tests. To further help you all in preparation, we bring to you in this article the TISS GK Topics Breakup. If you are enrolled in our courses, you need not worry as comprehensive e books are taking care of all these topics.
TISS GK Topics Breakup
On an average 40 Questions will be asked from GK in TISSNET Examination. Cutoff for GK section of TISSNET is 14 marks. Here is the tentative break up of topics as per the past trends of 5 years.
Business & Economy
Science & Technology
Programs & Acts
Social & Economic Issues
Arts, Dance, Culture, Tribes, Government Schemes, Economy