Supply Chain Management and Global Sourcing Specialization Description
Several factors have made crafting a supply chain and sourcing strategy the central focus for firms. These include the rapid changes in consumer demand for products and services, the globalization of the economy and the availability of advanced planning and communication tools for coordinating the activities of supply chain participants. Outsourcing and offshoring of services such as IT, finance and accounting, human resources, medical transcription, and even R&D are expected to continue to grow exponentially in the next decade.
The function of supply chain management is to optimally design and manage the flows of funds, material and information to implement a firm’s business strategy. Supply chain decisions have a direct impact on the revenue side because they affect both market penetration as well as customer service. On the cost side, logistics account for 20-25% of a typical firm's total cost. Global sourcing affects both sides of the equation. It lowers costs through access to inexpensive resources and increases revenue by increasing responsiveness through the creation of supply options. In addition, global sourcing brings to the forefront the issues of supply chain management not only in manufacturing, but also in services.
The purpose of a specialization in Supply Chain Management and Global Sourcing is primarily to give students the ability to develop supply chain and sourcing strategies. Second, the student becomes acquainted with the global trends in this area as well as the innovative strategies and solutions crafted by leading players. Finally, students obtain skills and tools for designing and managing supply chain operations, for coordinating activities of buyers and sellers, evaluating the scope for outsourcing, crafting performance metrics for service systems, IT system design and implementation, supplier relationship management, etc.
This specialization is of direct interest to students who wish to pursue careers in management consulting, managing information systems, product management, and supply chain management. It is also relevant to those interested in human resources management, sales and marketing, investment banking, and other financial services.REQUIRED INFO-GB.2306 (B60.2306) Supply Chain Management
OR INFO-GB.3155 (B20.3155) Global Sourcing and Open InnovationOR INFO-GB.3355 (B20.3355) Globalization, Open Innovation, and Crowdsourcing: New Ways of Organizing*Students are strongly encouraged to take two of the requirements to specialize in this area
BSPA-GB.2331 (B75.2331) Law and Business and Human Rights
FINC-GB.2310 (B40.2310) Managing Financial Businesses
INFO-GB.2318 (B20.2318) Digital Strategy
INFO-GB.3136 (B20.3136) Search and the New Economy
INFO-GB.3336 (B20.3336) Data Mining & Business Intelligence
INFO-GB.3351 (B20.3351) Risk Management Systems
INFO-GB.3356 (B20.3356) Business Process Design and Implementation
INFO-GB.3362 (B20.3362) Emerging Technology and Business Innovation
INFO-GB.3383 (B40.3383) Networks, Crowds, and Markets
INTA-GB.3340 (B55.3340) Digital Marketing
MGMT-GB.2340 (B65.2340) Global Strategy
MKTG-GB.2153 (B70.2153) Pricing Strategy
MKTG-GB.2345 (B70.2345) Building and Managing Customer Relations
MKTG-GB.2353 (B70.2353) Pricing Strategy
MKTG-GB.2361 (B70.2361) Competitive Strategy in the Marketplace
MKTG-GB.2385 (B70.2385) Global Marketing Strategy
OPMG-GB.2312 (B60.2312) Man, Plan, Canal: Panama
OPMG-GB.2313 (B60.2313) Operations in Entertainment: Las Vegas
OPMG-GB.2350 (B60.2350) Decision Models
OPMG-GB.2351 (B60.2351) Advanced Decision Models
OPMG-GB.2360 (B60.2360) Operations in Real Estate Development
OPMG-GB.2365 (B60.2365) Operational Risk
OPMG-GB.3355 (B60.3355) Operations Strategy
OPMG-GB.3357 (B60.3357) Service Operations and Strategy
STAT-GB.2301 (B90.2301) Regression and Multivariate Data Analysis
For course descriptions, please see the Office of Records & Registration website.