OPM500 - Supply Chain Management
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|Last revision date||Oct 12, 2012 10:27:02 AM|
|Last review date||Oct 12, 2012 10:27:02 AM|
Supply Chain Management
This subject is an introduction to the study of Supply Chain Management which encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. It spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Logistics refers to the procurement, transporatation, production planning, inventory management, materials handling, warehousing and distribution functions associated with the movement, production and storage of goods. The logistics area encompasses a number of rapidly changing functional areas. The application of communication and information technologies has altered the basic goals with respect to the movement of goods. The emphasis has switched from the efficient transportation of goods to the planning of the entire goods handling cycle, so that the least handling, storage and movement occurs. Today's business firms recognize the important role that logistics play in determining profitability and survival.
OPM 500 is a required subject for the 5th semester Operations Management specialization program, as well as a professional option in the other BAD specialization.
Upon successful completion of this subject the student will be able to:
1. Explain the role of logistics in organizations.
2. Discuss the development, evolution and objectives of effective supply chain management.
3. Understand the relationship between supply chain management and logistics and other functional areas in a company, including production, marketing and finance.
4. Understand the basic elements of customer service that are important to logistics managers.
5. Discuss the strategic role warehousing plays in the logistics system.
6. Explain the effect of materials handling and packaging on logistics.
7. Discuss the economic and service characteristics of the basic modes of transportation.
8. Determine the most appropriate price determination strategy for alternative transportation modes.
9. Discuss currently used and innovative supply chain and logistics information technologies.
10. Discuss the current trends in the development of supply chain management.
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