Thomas G Schmitt
Provides an overview of trade, transportation, and logistics activities. Develops an understanding of the physical and information flows in supply chains, and the economic drivers of supply chain choices. Includes methods to analyze and improve logistics and transportation systems, including applications of policy, technology, and infrastructure. Offered: jointly with CEE 587; AWSp.
OPMGT 535 is a course that deals with making and moving goods through national and international markets. The mission is to get the right goods and services to the right place, at the right time, in the desired condition, and at the least cost. Understanding this process is important both for those who manage operations and those whose career plans lie in other areas. For example, the commitment of product delivery dates is typically viewed as a marketing issue, yet the products are built by a manufacturer and its suppliers and transported through its distribution channels. Knowing how and why inventories accumulate in a supply chain permits more effective financial controls. Facility justification is typically a financial concern, but the capacity additions can have a dramatic effect on operational performance, especially at peak times. Traditional accounting practices may actually provide disincentives toward productive behavior.
Course topics include supply-chain management, manufacturing scheduling, capacity planning, distribution, procurement, logistics decision-support systems, facility location, transportation routing and scheduling, transportation modes, inter-modal handoffs, international trade, regulation, private-public partnerships, strategic alliances, port management and security in commerce. Exotic Extracts is one of the simulation games designed for this course. It enables student teams to compete on profitability as they make weekly financial, procurement, production, warehousing and transportation decisions in their supply chains throughout the quarter.
Student learning goals
General method of instruction
The course uses competitive games, lectures, videos, case discussions, quantitative exercises and guest speakers to explore the structure and dynamics of international supply chain management.
Participate with teammates in competitive games; read homework assignments.
Class assignments and grading
Weekly team decisions are required for play of the Exotic Extracts game. Answers to about one text-book problem per week will also be submitted. Additionally, a mini-case write-up is required at the end of the quarter.
20% Individual Class Attendance and Participation, 35% Individual Homework Exercises, 15% Exotic Extracts Game Team Performance, 15% Teammate peer evaluation of contribution, 15% Final Case Write-up