Capstone (3 credits; required)
This course allows students to use the tools, techniques, and knowledge they have learned throughout the program to solve a business problem or improve a process within their organization or as a consulting project for a real-world client. Students will work closely with their faculty advisor to determine an appropriate topic and scope for their capstone project.
Introduction to Operations and Supply Chain Management (3 credits; required)
This course introduces students to operations and supply chain management and orients them to the curricular areas of emphasis: Demand Management, Procurement Management, and Fulfillment Management. Students will be introduced to a variety of quantitative tools, techniques, concepts, and theories. Topics will include process design and improvement, quality, capacity analysis, and inventory management. This course will employ simulations, guest speakers, and case studies to immerse students in the world of supply chain management and help them understand essential terminology and current challenges.
Supply Chain Cost and Financial Analysis (3 credits; required)
This course challenges students to consider the linkages between supply chain management and corporate finance. Students learn to anticipate how supply chain decisions affect various stakeholders, both inside and outside the company, including how supply chain decisions create value for shareholders. Topics include accounting fundamentals, cost allocations, standard costing, activity-based costing, transfer pricing, working capital management, and cash flow projections. This course also covers the fundamentals of supply chain finance, including topics such as payables discounting, reverse factoring, and trade credits. Finally, the course introduces students to a variety of global supply chain and global trade topics, including duty and quotas, taxes, hedging, currency issues, and the mechanics of global joint ventures.
Supply Chain Design (1.5 credits; required)
This course teaches students how to drive better business performance by structuring the supply chain to deploy assets in ways that enhance profitability, align with the strategic goals of the organization, and ultimately create shareholder value. Students are introduced to the theory and practice of logistics management and learn how to operationalize a supply chain. Students work through case study examples and simulations to identify the optimal balance between manufacturing costs, goods transportation, and carrying inventory.
Sustainability in Supply Chain Management (1.5 credits; required)
This course introduces students to the increasing focus on sustainability in supply chain management, including choosing sustainable sources and vendors, environmental impact, waste reduction, and sustainable logistics.
Areas of Emphasis
Supply Chain Analytics (3 credits; required)
This course teaches students the primary quantitative and statistical methods of analysis required to understand and forecast variability in supply chain management. Topics include hypothesis testing, regression, linear programming, and forecasting methodologies, such as single, double, and triple exponential smoothing.
Forecasting and Market Analysis (3 credits; elective)
This course teaches students to determine customer needs, execute customer analysis including segmentation and customer lifetime value projections, and measure customer satisfaction. Students will learn multiple forecasting methods that will enable them to evaluate market opportunities, more accurately make planning and budgeting decisions, determine optimal inventory turnover rates, and analyze forecasted versus actual market share.
Data Management and Visualization (3 credits; elective)
This course introduces databases, data analysis, and information technology fundamentals for supply chain management. Topics covered include data modeling, relational databases, data extraction, and SQL. The course introduces data analysis tools for visualization, regression, and supervised and unsupervised classification, which includes principal components and clustering analysis. Students will also use the Python programming language to manage data as well as connect to APIs to efficiently acquire public data.
Operations Strategy and Strategic Sourcing (1.5 credits; required)
This course teaches students methods and techniques of strategic sourcing and enables them to analyze cost drivers and manage the vendor base to deliver maximum value to the organization. Topics include strategic planning, supplier relationships and sustainability, and value chain analysis.
Project Management (1.5 credits; elective)
This course provides an overview of the project management lifecycle and associated processes. Students gain a solid grounding in fundamental project management concepts and learn how to develop a project charter, components of a project management plan, a work breakdown structure (WBS), and a risk management plan.
Negotiations (1.5 credits; elective)
Effective negotiation is a key skill in supply chain management, impacting decisions such as order quantity, quality, cost, and arrival time. Students will learn techniques and methods to improve their negotiation skills and will have the opportunity to practice via simulations and role play exercises.
Outsourcing and Third Party Logistics (3 credits; required)
This course introduces the pros (including access to a global warehouse network, ability to focus company resources on core competencies, and shipping and risk mitigation) and cons (including cost and loss of control) of outsourcing fulfillment. Students learn methodologies for third party logistics (3PL) selection.
Innovation and Technology in Supply Chain Management (3 credits; elective)
This course examines how rapidly-changing technology and innovation is altering best-practices in supply chain management. Topics include 3D printing, robots, and the effect of artificial intelligence on supply chain operations.
Incoterms and Global Supply Chain Management (1.5 credits; elective)
This course introduces students to the rules governing international trade, and specifically to international commercial terms, or Incoterms. Topics include: who pays the cost of each transportation segment, who is responsible for the loading and unloading of goods, who bears the risk of loss at any given point during an international shipment, and how Incoterms influence customs valuations of imported merchandise.
Leading Cross-Cultural Teams (1.5 credits; elective)
This course focuses on practical, as well as theoretical, tools, methodologies, and approaches that students will use throughout their supply chain career. Leadership, organizational management, and cross-cultural communications topics will be covered in order to help students develop their management and teamwork skills.
Humanitarian Logistics (1.5 credits; elective)
This course uses case studies and guest speakers to introduce students to the particular supply chain challenges that are inherent in humanitarian crisis relief, emergency and disaster response, and international development projects. Students examine how infrastructure, political stability, and demographics affect logistical operations and supply chain design in different parts of the world.
Operations Strategy II (1.5 credits; elective)
This course covers advanced topics in strategic operations not addressed in the required courses. This course is suitable for individuals who have professional experience in strategic operations and is highly recommended for students who wish to develop expertise in the strategic analysis of a firm’s operations. Students learn to analyze trade-offs between quality, cost, and innovation and how to make business and operational decisions based on strategic alignment.
Contracting (1.5 credits; elective)
Any two entities who interact in the supply chain (suppliers, manufacturers, distributors, retailers, etc.) have contracts to govern the terms of their relationship. This course provides an indepth exploration of best practices and emerging trends in supply chain contracting, covering topics such as the use of “FinTechs” (financial technology companies that act as intermediaries between a company and its suppliers and can improve working capital for both), blockchain, and value chain analysis.