Bachelor of Science in Logistics and Supply Chain Management

Key mathematical and statistical concepts useful for understanding business problems and making informed decisions with the right tools are introduced. Concepts relate to numbers, formulas, linear equation models and descriptive statistics. Applications focus on personal decisions and decisions within businesses in the areas of finance, discounts, pricing, interest rates, loans, insurance, investment, payroll and taxes. Microsoft Excel is the software used in this class. MNS 205 and MTH 210 are the primary quantitative courses required for MNS 407. Students who have taken college algebra or calculus (MTH 215 or MTH 220) are exempt from this course.

In this course, students will study the price system, market structures, and consumer theory. Topics covered include supply and demand, price controls, public policy, the theory of the firm, cost and revenue concepts, forms of competition, elasticity, and efficient resource allocation, among others.

This course provides an examination of aggregate economic activity. It includes a study of aggregate supply and demand, the monetary and banking systems, aggregate economic accounting, inflation, unemployment, the business cycle, macroeconomic policy, and economic progress and stability, among other things.

A survey of basic accounting theory and the application of accounting principles, this course includes the recording and summarization of business transactions in the form of financial statements under the rules of generally accepted accounting principles. (GAAP). It is designed for students who have little or no prior knowledge of financial accounting, this course corresponds to Principles of Accounting I at other colleges.

Prerequisite: ACC 201

This course is an overview of the use of financial accounting and cost accounting data for the design and preparation of reports to aid management in organizing, directing, controlling, and decision-making functions. The topics include the fundamentals of cost accounting, budgeting and responsibility accounting for cost and profit centers.

A survey of contracts, sales, agencies, personal property, commercial paper and associated topics. Emphasizes prevention of litigation and liability arising from business operations.

Introduction to the roles of managers and the vision, mission and goals of organizations. Investigates management theories and explores the four primary functions of managers: Planning, Organizing, Leading and Controlling. Covers issues related to human resource management, organizational structure and behavior, creative problem solving, effective communication, and the management of teams, change and innovations.

This course is the introduction to contemporary marketing theory and practice in both the local and global marketplace. Basic concepts of marketing are examined with an emphasis on marketing positioning, segmentation and targeting as well as product development and distribution.

Prerequisite: ACC 201

This course is a survey of the basic principles and concepts used in the financial management of a business enterprise addressed from both theoretical and practical standpoints. Topics include money and capital markets, financial management of working capital, capital budgeting and fixed asset management, cost of capital, and short-term and long-term financing by means of debt and equity capital.

Exploration of values and ethics in businesses that operate locally and internationally. Moral philosophies, values, conflict of interests, discrimination, business cultures, and ethical standards are critically presented. Ethical leadership of people, technology and sustainability are used in the development and implementation of ethical business programs.

Examination of core issues in the practice of leadership. Identification of differing theories and styles of collaborative, integrative organizational leadership and comparison to authoritarian or management by edit within the organizational context.

Prerequisite: MNS 205 and MTH 210

An introduction to the fundamentals of business analytics. Focuses on the management science approach for problem solving, the application of linear programming, the use of decision analysis techniques, as well as project management tools. It is practical and students gain advanced skills in Excel. This course is a prerequisite for MGT 451.

Prerequisite: MNS 407

A survey of the fundamental concepts of production and operations management. Use of quantitative methods for forecasting, resource allocation, capacity planning, inventory management, and quality assurance. Focus is on improving production efficiency while simultaneously enhancing effectiveness through better managerial decision. Concludes with management skills to align the organization with external suppliers and customers using Supply Chain Management. Students who have taken MGT 351 cannot take MGT 451.

Introduction to the concept of project management, covering the essential elements of planning a project, initiating the project, implementing the project, and the termination of the project, while emphasizing the importance of team building and leadership, as well as incorporating cost, scheduling and budgetary principles according to contractual terms.

Prerequisite: ECO 203 and ECO 204

Prerequisite: MGT 451

Exploration of the evolving field of Supply Chain Management, which is increasingly important for competitiveness in the global market place. Evaluation of the eight key components of Supply Chain Management, focusing on how demand management is used to balance consumer needs with supply chain capabilities. Advanced forecasting techniques and rapid product development combine to create a responsive supply chain, providing competitive value to the consumer.

Procurement of goods and their storage costs impacts a firm’s competitive advantage. Prominence placed on reducing cost of purchasing while increasing product quality through co-creation of value. Evaluation of the costs, benefits and risks of holding inventory in the face of uncertain demand and product innovation. Implementation of lead-time reduction techniques to respond to changing demands and competition in a global, eCommerce market.

Linking a business enterprise to its suppliers and customers, transportation is among the more critical and increasingly complex functions within a business enterprise, especially in the competitive globalized business environment. Evaluation of the modes of transportation and principles such as Just-in-Time delivery, Transportation Management Systems, Routing and Scheduling and Automatic Identification. Culminates in the operation of Distribution Centers in an Omni-channel distribution system to create world-class customer service from order to returns.

Prerequisite: LOG 420

Development of strategies for the selection of international suppliers and then movement of goods across national boundaries. Discussion and analysis of modes of entry, global storage and transportation choices, international contracts and terms, and logistics risk management in order to add value through supply chain integration. Impact of international trade laws, culture, distance and time to make optimal logistics decisions. Emphasis on practical application of course concepts and systems thinking using case studies and mathematical models.

Analysis of pre-transaction, transaction and post-transaction elements that influence cost and risk toward achieving long-term customer satisfaction and profitability. Application of Blockchain technologies to reduce costs and verify supply pedigree. Other topics include Lean 6-Sigma, lead time reduction, risk management and resilience to create responsive and reliable supply chains. Alignment of these concepts between supply chain partners extends these traditional topics beyond the firm.

Prerequisite: MNS 407; SCM 440

Analysis of supply chain networks to evaluate strategic alternatives using both optimization and probabilistic models. Evaluate supply chain options under real-world variability and unknowns to quantify operational and financial risks from your supply chain, markets and competitors. Modeling in spreadsheets, discrete event software and system dynamics software.

Prerequisite: MNS 407

Prerequisite: All other Requirements for the Major courses (e.g., Business Core Requirements and LSCM Requirements) with a GPA of 2.00 or higher.

Prerequisite: FIN 310

An examination of the international aspects of corporate finance and investing, the course covers balance of payments, foreign exchange with emphasis on exchange rate determination, exchange risk, hedging, and interest arbitrage, international money and capital markets, international financing, and international banking.

An overview of the issues of quality applied to human resources management, topics include the delegation of authority and empowerment, work groups, team building, and employee involvement, reward/recognition programs and employee morale, and the importance of written and oral communication skill in the delegation, sharing, and execution of work. Students gain a clearer understanding of the ways the workplace is changing to improve productivity and profitability.

A study of entrepreneurship with particular reference to creating and starting a new venture. Emphasis on historical development of entrepreneurship, risk taking and entrepreneurship, innovation and marketing the plan, financial plan, organizational plan, going public, and legal issues for the entrepreneur.

An in-depth study of small to mid-sized companies with a view to preparing students for leadership roles. Emphasis on building and managing companies from the start-up phase to their growth and efficient operation. Problem solving strategies of managerial, legal and ethical issues and dilemmas particularly relevant to small business.

Creating, integrating and maintaining successful e-business through a business plan. Emphasis on origin and growth of e-business, security concerns of e-business, entrepreneurial aspects of business-to-business e-commerce, e-tailing and supply chain management. Students are encouraged to develop business plans through their own website.

Prerequisite: MKT 302A

An introduction to digital marketing that explores the development, implementation, and measurement of digital-based marketing strategies and tactics including search engine optimization (SEO), social media marketing, and online advertising.

Prerequisite: PMB 400

Examination of the elements of project planning and control by studying each element in depth. Addresses topics such as work breakdown structure, budgets, costs, resource planning and allocation, project monitoring and reporting, and project and process control methods, as well as the termination and audit of a project.

Prerequisite: PMB 400

Study the management of a portfolio of projects leading to organizational change, creation of a model that compares the program with other segments in an organization using benchmarks, and develops a plan that builds an infrastructure of critical chains for parallel projects.

Prerequisite: PMB 400

Overview of the management of contracts made with customers, vendors, or partners. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance, as well as documenting and agreeing to changes that may arise during its implementation of execution.

Analysis of constant and continuous change in modern organizational environments. This class will provide students with the skills needed to recognize the potential impacts of change on their organizations, and to lead their organizations through the change process effectively. Students will develop skills in assessing organizational culture and learn to create the learning organization of the future.

Effective conflict resolution, bargaining and negotiation are addressed in this course as methods for improving the organizational effectiveness in the long term. A special focus will be placed upon creation of win-win solutions to real life organizational situations. Conflict will be examined as both a necessary and challenging workplace phenomena.

Prerequisite: SCM 480