Become a Supply Chain Manager
Supply chain management is critical in the business world and a key aspect of any organization’s success. If you want to advance your career in logistics, this 100% online course will train you to work as a purchasing and supply chain management professional.
Job Outlook for Supply Chain Management
- Supply chain management, which is part of the logistics industry, is growing at a rate of 7% annually according to the US Bureau of Labor Statistics (BLS).
- The BLS found that supply chain management professionals have a median annual salary of $74,590.
- The top 20% of earners in the supply chain management field take home over $90,000, according to workforce analytics firm, Burning Glass.
Supply Chain Management Frequently Asked Questions (FAQs)
What Is Supply Chain Management?
Supply chain management refers to the activities needed to manage the flow of a product, from purchasing raw materials to distributing to the end consumer, in the most economical way possible.
Is Advertising Still Relevant in a Digital and Social Media Environment?
Although some traditional forms of advertising have struggled in the digital age, businesses still need well-trained professionals who can communicate their messages. The American Marketing Association notes that content and digital marketing professionals are in especially strong demand as data-driven marketing grows in importance across all industries.
What Do Supply Chain Managers Do?
Supply chain managers ensure that a product moves from production to the consumer in a streamlined fashion. They oversee every stage of the production flow and monitor activities to ensure product delivery is on time and at budget.
Why Is Supply Chain Management Important?
Supply chain management is a critical aspect of today’s vertically-integrated business. Being able to plan, manufacture and deliver products at scale is key to retaining customers and essential to any organization’s success.
What Is the Difference Between Supply Chain Management and Logistics?
Supply chain management is an aspect of the broader logistics industry. Logistics refers to the movement, storage, and flow of goods after a product has been planned and created. Within this process, supply chain management streamlines any business operations that lead to the creation and distribution of a product.
- Master the basics of purchasing and the purchasing environment in the private sector
- Learn various approaches, tools, and strategies used in negotiations
- Build fundamentals of the budgeting process and managing the process in an organization
- Learn price and cost analysis from a purchasing and production perspective
Prerequisites and Requirements
There are no prerequisites to take this course.
Essentials of Purchasing
Overview of the interdependencies of purchasing; purchasing administration, financial statements and global sourcing
The Supply Chain Process
Acquisition of goods and services; quantity and demand
Leadership and risk; strategies, decision making, empowerment, and accountability
The concept of budgeting and factors to consider; production planning and inventory
The Procurement Process
Elements of supplier selection and evaluation; bidding and procurement processes
General contract principles and drafting; types of purchasing contracts
Fundamentals of communication; knowing the audience, the power of listening and credibility of the speaker
Steps, tools and types of Negotiating; BATNA
Price and Cost Analysis
Pricing evaluation, use of data and strategic cost analysis
Legal Aspects of Contracts
Elements of a contract; duties, obligations and good faith
Rose Roberts has 20 years of experience helping organizations develop purchasing strategies and implement process improvements. Through her leadership and coaching, Rose has helped purchasing departments and executive teams recognize the value of formulating strategies, employing methodologies, and measuring results. Rose has earned and maintained C.P.M. designation since 1995 and has a B.B.A from the University of Texas.
Katherine Squires Pang
Katherine Squires Pang, J.D., LL.M., M.Ed has practiced law with since 1983. She has served as an adjunct faculty member in the Graduate School of Management at the University of Texas, Dallas, and has been an adjunct faculty member of many universities, including New York University and the University of California, Irvine. She received her B.A. in 1980 from Clark University, her J.D. from the University of Dayton Law School in 1982, her LL.M in Taxation from Georgetown University Law School in 1983, and her M.Ed from the University of Texas in 2001.
Registration and Enrollment
This course is 100% online. Start anytime.