Supply Chain Management
Supply chain management has been defined as the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. Importantly, it also includes coordination and collaboration with supply channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies.
This course provides an introduction to the many critical facets of supply chain management. The course coverage ranges from basic topics of inventory management, logistics network design, distribution systems, and customer value to more advanced topics of strategic alliances, the value of information in the supply chain, information technology, decision-support systems, and international issues in supply chain management. State-of- the-art models, concepts, and solution methods are provided for the design, control, operation and management of supply chain systems.
Course Learning Outcomes
Analyze various forms of inventory management.
Assess the basic concepts of logistics network planning.
Integrate the utilization of supply contracts for strategic as well as commodity components.
Demonstrate the value of information and the effective use of information in the supply chain.
Describe supply chain integration.
Differentiate between centralized and decentralized distribution strategies.
Formulate various forms of strategic alliance.
Distinguish between outsourcing, offshoring, and procurement strategies.
Assess international logistics and risk management strategies.
Examine the basics of supply chain management and product design.
Demonstrate how customer value is crucial to the supply chain.
Formulate revenue management and pricing strategies.
Illustrate and interpret the relationship between information technology and business processes.