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Supply Chain Management

Supply Chain Management

In your world, the definition of supply chain as simply getting the right goods/services to customers in the right quantity at the right time is expanding and changing.

  • Traditional supply chain tactics (improved materials flow and production optimization) now rest within a more integrated and mission critical supply chain management role.
  • Linear supply chains have begun to morph into complex and adaptive networks that hold both far greater risk and opportunity for companies.

In the past, supply chain expertise was viewed as a tactical asset. Managers viewed tradeoffs between doing it cheaper (cost containment) and doing it better (product/service innovation) as inevitable.

Today, supply chain leaders look to avoid such compromise by helping companies do more than one thing well, including:

  • control costs
  • anticipate disruptions
  • factor in design/sustainability considerations
  • manage supplier and customer relationships
  • track competitors
  • commercialize more and better products

It goes without saying that as a supply chain professional, you will play a larger, more mission-critical role — overseeing the full span of activities from sourcing to production planning to marketing, delivery and customer service.

What You Will Do

As with all business areas, supply chain is getting much more complex thanks to two forces: emerging technologies and data.

Several emerging technologies have begun to reshape supply chain management, including:

  • Advanced delivery systems
  • Artificial intelligence
  • Wearable technology
  • 3D printing
  • Advanced robotics

For example, a company like Amazon is already planning for a future in which some products get produced on demand aboard moving factory/delivery vehicles.

Big data sets are also changing supply chain management.

For example, when Coke teamed with Cargill, a global food ingredient maker to make a better sugar substitute, the two combined not just food science expertise, but also marketing knowledge and data — anything that could help answer questions regarding package design and customer preferences for a changing product.

You will be asked to mine data using a variety of tools and methods:

  • Integrated business planning
  • Control tower analytics and visualization
  • Real-time shipment tracking
  • Supplier collaboration and risk analytics
  • Demand forecasting
What You Will Learn

As a Boler supply chain management major, you will benefit from the right mix of core knowledge, study in the major and hands-on experience:

  • best-in-class supply chain management foundations (methods, concepts and tools)
  • industry-tested faculty
  • speakers and field visits
  • internship opportunities

You will gain knowledge and skills across key supply chain principles:

  • strategic sourcing
  • global procurement
  • contract management
  • business performance improvement
  • supply chain technologies
  • pricing analysis
  • channel coordination
  • brand management
  • new product development
  • supply chain alignment
  • retail management and distribution management

Upon graduation, you will hit the ground ready and running, able to rethink and re-engineer business processes in a variety of settings, types and sizes. Boler encourages supply chain students to consider adding courses in management and marketing, especially those focused on statistical analysis and other computational and data-focused abilities.

Job Outlook

A new generation of supply chain management graduates are in high demand across industries ranging from pharmaceutical and healthcare, hospitality, retail and all manufacturing. According to the Bureau of Labor Statistics, supply chain management is projected to continue as one of the fastest growing industries for jobs over the next ten years (over 1.5 million openings in the next several years).

Many schools report supply chain undergraduate placement rates between 85% to 100%. The average starting salary for undergraduates can be over $50K a year. As a Supply Chain Management graduate, you will be prepared for positions such as:

  • procurement/sourcing manager
  • logistics planner
  • supply management analyst
  • acquisition project analyst
  • marketing analyst
  • sales/distribution managers

 

Supply Chain Management Program Requirements

Bachelor of Science in Supply Chain Management: 61-67 credit hours.

Business Core: 40-46 hours, including EC 208 and SCM 301 Supply Chain and Operations Management

Major Courses: 15 credit hours, including SCM 328 Logistics in the Supply Chain, SCM 350 Fundamentals of Supply Chain Transportation, SCM 361 Global Supply Chain Management, SCM 440 Supply Chain Management Problems and one  course chosen from MK 309 Social Engagement Technologies and BI 341 Advanced Data Driven Decision Making

ELECTIVES: 6 Credit Hours, one course chosen from: MHR 483 Project Management or MK 302 Applied Consumer Insights, and one chosen from BI 371 Business Decision Optimization or MK 402 Market Analysis

Recommended Course Sequence
  Fall Semester   Spring Semester
Junior Year  SCM 328        SCM 361
Senior Year   SCM 350,  MHR 483 or MK 402  SCM 440, BI 371 or MK 309

 

Industry Statistics

1.4M Material Handling Industry predicts number of jobs the logistics business will look to fill by 2018.
$74,170 2016 average median salary for Logisticians
100M Square feet of space for Amazon fulfillment and data centers across the U.S.
Bloomberg

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