The seventh edition of Operations and Supply Chain Management for MBAs is the definitive introduction to the fundamental concepts of supply chain and operations management. Designed specifically to meet the needs of MBA students, this market-leading book offers clear presentation of topics such process planning and design, capacity and location planning, schedule and inventory management, and enterprise resource planning. A strategic, conceptual approach helps readers comprehend the contemporary issues they will soon be facing in industry.
Operations and Supply Chain Management for MBAs book pdf
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Operations and Supply Chain Management (OSCM) includes a broad area that covers both manufacturing and service industries, involving the functions of sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfillment, and more.
A supply chain is involved in processing or using these materials or even providing services to customers using these materials. Professionals in these fields also work with processes and increasing efficiencies with processes. Operations and supply chain professionals have a place in all of these environments.
Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption to meet customers' requirements.
Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third-party logistics services providers. To varying degrees, the logistics function also includes sourcing and procurement, production planning and scheduling, packaging and assembly, and customer service. It is involved in all levels of planning and execution--strategic, operational and tactical.
More than 20 centers and initiatives bring professionals and academics together to advance the future of business. Each one focuses on a critical part of industry, from supply chain management to blockchain and beyond.
The MBA/Master of Mechanical Engineering dual degree represents an opportunity for a well-rounded professional education in management of engineering organizations. For the mechanical engineer, this program offers the opportunity to understand the labor and management issues in engineering operations. For the engineering manager, it develops deeper insights into mechanical engineering principles.
ENRG 7610 Energy Trading: Wholesale Electric Markets (3) - This course covers the fundamental concepts necessary to maintain and operate an efficient wholesale electric power market. Through in-class simulations, students will apply concepts from operations management, economics, risk management, and negotiations to manage physical and financial power portfolios. Lecture topics will include deregulation/industry segmentation, security constrained economic dispatch (including unit commitment and scheduling), locational marginal pricing, resource development (including traditional thermal and renewable resources), and contract negotiation. Instructor-led case studies will review historic successes and failures of deregulated energy firms. Successful completion of this course will provide students with a firm understanding of electric power market operations and portfolio management.
FINE 7140 Venture Capital and Private Equity (3) -Entrepreneurial firms face financial issues that are significantly different from those facing established companies. This course focuses on analyzing the special finance issues faced by such companies and on the knowledge and tools needed by managers of these firms. Topics covered will include stages of venture capital development, start-up financing (venture capital, leasing, bank loans), financial management of rapidly growing firms, deal structuring for entrepreneurial firms, and financial distress issues and concerns. Initial public offerings will also be examined as a culminating event for entrepreneurial firms. The course also covers the broader topic of private equity. The course investigates why firms seek private rather than public equity and identifies differences between private and public equity investments. The recent trend of investment in emerging economies by private equity funds is also examined. Students will create a deal or pitch book as part of the class.
MGMT 6150 Global Business Projects (3) - This course provides an overview and some in-depth study of management at the executive level in a country outside of the United States. With a conceptual base in books, current articles and brief lectures, it tackles the most important issues and current situations for top level management doing business in another country. Direct experience for the students is provided through a team project developing and presenting a strategy for a global client.
MGMT 6720 Asia-Global Leadership III (3) - Competing internationally is no longer limited to large multinational corporations. The globalization of production and markets, the decline in barriers to trade, and the development of the internet, world wide web, and transportation technologies have allowed even small companies access to global markets and supply chains. The objective of this course is to examine ways to design a strategy for competing efficiently in global markets. In a given industry, what are the mechanisms for market entry? How can international opportunities be evaluated and understood? What are the factors underpinning the success of global competitors in a given industry? How do you redesign the value chain of the firm across the globe? How do you successfully enter foreign markets? This course has a regional focus on Asia and includes an international business consulting project and an immersion experience in Asia.
MGSC 6020 Business Statistics and Models (3) - Methods for summarizing, analyzing, and making inferences from statistical data germane to management are learned. Topics include descriptive statistics, probability concepts, discrete and continuous probability distributions, sampling distributions, confidence intervals, hypothesis testing, simple and multiple regressions, and chi-squared tests. The methods are applied to management problems drawn from finance, marketing, accounting, operations management, human resources management, economics, and strategic planning.
MGSC 6090 Operations and Supply Chain Management (3) - The management of technology, people, and business processes presents one of the most critical challenges to business leaders. To achieve competitive advantage, managers must thoroughly understand the complex processes underlying the development, manufacture, and distribution of products as well as the creation and delivery of services. This course will expose students to topics and techniques related to operations, design, and management of supply chains by means of qualitative and quantitative techniques. The course material is applicable to a broad range of industries such as electronics, online services, insurance, healthcare, retail, fashion, automotive, manufacturing, and more. The topics covered include: process, capacity, inventory, revenue, supply chain, quality, and project management.
The MS in Supply Chain Management will give you a deep understanding of the concepts of logistics, supply chain, change management, innovation and integrated risk management. Some courses specific to this program include Strategic Quality Management, Options and Futures, Contemporary Marketing Channels and Operations Planning and Control. For a detailed look at the curriculum, download the MSSCM Curriculum and Course Descriptions (PDF).
Getting a product into the hands of a consumer is a complex process, involving multiple internal and external processes and companies along the way. Each player involved is overseeing its part in the process through several types of oversight, including supply chain management and operations management.
Supply chain management includes the collection of materials, the manufacture of products, and the delivery to the consumer. Supply chain managers coordinate with key players in the supply chain: suppliers, logistics teams, and customers, often working globally and overseeing suppliers, purchasing orders, warehouses, and forecasting.
One critical facet of supply chain management is risk evaluation and security. Today, this also means looking at cybersecurity in the supply chain. Supply chain managers must regularly evaluate suppliers and their strategies and protocols, forecast demand to avoid over-supply, improve customer service, and coordinate with other departments in the business including marketing, finance, sales, and quality assurance.
Supply chain management is vital to businesses because it can help reduce costs with better efficiency from suppliers and leaner inventories, provide better customer services with faster delivery and react faster to market demands and innovations. It also offers the assurance of corporate responsibility in every facet of production.
Operations management focuses on running a business effectively and efficiently, including maintenance, material planning, and the analysis of production systems. Operations managers coordinate the internal business operations, driving not how the product or service is moved, but how it is developed. This generally requires professionals to be skilled in building rapport with organizational stakeholders, current in technology applications, and adept at analysis. 2ff7e9595c
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