MBA Specialization in Supply Chain Management has become a central focus for several firms, because of the rapid changes in the products and services, availability of advanced planning, globalization of the economy and the much needed communication to coordinate the participants of the supply chain. Students get to learn about the supply chain in an integrated business framework with the help of the applied learning program. Thus, students who complete the MBA Specialization in Supply Chain Management are able to understand the various job prospects related to the various aspects of supply chain management- consulting, logistics, procurement to name a few. The course prepares the students with skills needed to manage international supply chains, while working across different functional areas. MBA students learn the tips and tricks of managing business challenges by building comprehensive skills in analytical techniques and problem solving.
Skills Needed to Excel in the Field
- Ability to understand the strategic construction and usage of logistic resources to achieve customer expectations in a cost effective manner.
- Hands on experience in managing advanced Excel tools, such as optimization modeling which is needed for real companies that face complex problems
- Potential to learn the fundamentals of project systems, ERPs as well as Lean Six Sigma DMAIC process.
- Broad functional understanding of supply chain management and business so that the goods and resources are procured and sold off to the customers in the needed manner.
- Basic fundamentals of Human Resource Management, Finance, Accounting and Marketing.
- Ability and drive to do business with the international frame of reference.
- Consideration of the process of how supply chains functions as one product moves from one particular country to the next.
- Readiness for a non-traditional working schedule.
- Understanding the basics of pricing strategies and decision models.
- Business, Government and Global Economy: The course helps the students to understand the domestic as well as the global institutions such as IMF, NAFTA, WTO, etc. The student is able to understand the forces that shape the global economy along with understanding their historical and cultural contexts. Major topics covered are international trade, foreign exchange, business ethics and roles of government.
- Strategic Management: It focuses on the formulation and implementation of strategy, by exploring the functions of Supply Chain Management. Importance is given for the development of cross-functional integration, team-work, leadership and communication. The students get to learn about the business and corporate planning, as well as the manner in which organizational change is implemented through systems, structures and people.
- Project Management: The course emphasizes on the cross-sectional application of product development, information technology and supply chains. Topics covered include project life cycles, types, attribute estimations, portfolio management and selection. Issues related to management such as planning, subcontracting, project manager selection, scheduling, and resourcing are dealt with great detail.
- Operations Modeling: Application-oriented learning is offered for students to build computer models for their respective business problems with the use of spreadsheets as the primary software. Wide ranging applications would be discussed such as marketing, financial portfolio management, asset allocation models, inventory management and waiting lines analysis of the system.
- Modern Manufacturing Strategy: The course deals with understand the gaps that exist in between the manufacturing and marketing terms of a corporate strategy, understanding the strategic perspective of the manufacturing services and use of analytical methods to chart of manufacturing strategies. The other areas covered include product reviewing, experience curves, focused manufacturing as well as manufacturing infrastructure development.
Potential Career Options on Graduation with Concentration in SCM
All types of businesses, big or small, need supply chain managers to maneuver important tasks. Thus, the potential career options on graduating with MBA Specialization in Supply Chain Management are myriad and have tremendous growth prospects. Students can choose various job options such as being an Analyst, Consultant, Inventory Control Manager, International Logistics Manager, System Supports Manager, Warehouse Operations Manager, Vendor Managed Inventory Manager and Supply Chain Manager. With more experience in the area of Supply Chain Management, the professional would be able to take on advanced roles in the field. Job Profiles up the hierarchy include Operations Manager, Global Logistics Manager, Transportation Director, Industry Analyst and Logistical Manager. An MBA Specialization in Supply Chain management is the best way to get firsthand experience in this field, which has long term prospects and great growth potential.