Business Operations and Supply Chain

Catalog description

Offers a look at real-world challenges faced in supply chain management. Explores gathering market data on an industry and creating a should cost model. Offers students an opportunity to gain exposure to pricing indices and realize risks that can impact businesses on a day-to-day basis. Uses tools such as SWOT analyses and Porter's Five Forces to promote strategic thinking. Expands into business continuity planning and scenario planning. Witnesses the importance of planning ahead on communication, backup plans, and safety stocks. Students are introduced to supply chain KPIs, prepared for negotiations, and participate in negotiations. Finally, offers students an opportunity to learn the business impacts of choosing to select a new vendor to add to an organization.