Global Economy and Supply Chain Management

The world of business has drastically changed in the last fifty years. Every industry today – retail, manufacturing, banking, and even health care – can no longer succeed if it is simply “local.” You will find major brands in every corner of the globe, as well as many companies moving operations and manufacturing to more than one nation. As a result, today’s supply chain specialist needs to have a firm grasp on the global economy and the implications that immediately affect the supply chain of an organization. The best way to gain this knowledge is with additional education, ideally the Masters of Business Administration (MBA) in Supply Chain management.

What is the MBA in Supply Chain Management? Every MBA programs has a few key elements in common. First and foremost, there are core curriculum items that are paramount. These basic principals teach students about the complex responsibilities facing business leaders, particularly in our global economy. So at the beginning of your MBA program, you will focus on the basics of business. You will learn about business strategy and how to factor outside and internal elements into making long-term plans for a business. You will study basic accounting, including recent legal changes that have impacted how businesses report their finances. You will study economic philosophies and different economic theories. You will learn about finance and financial management. You will learn critical elements of human resources and how important it is to form a great team. You will study marketing management and how quickly marketing is changing thanks to the Internet. You will also gain a greater understanding of manufacturing, including the history of this industry. You will learn about basic operations and management of organizations. There will be statistics, and you will learn how to use the knowledge gained from statistics to create business strategy. Lastly, you can expect to learn about information technology and how it has changed the face of business in recent years.

Specialized business topics in your area of focus are featured in the last half of your MBA in supply chain management, often with an international or global element. You will learn more about making difficult business decisions, how to navigate complex managerial concerns related to the supply chain and issues of transportation and geography, and the legal, ethical, and economic realities of logistics. You might also expect to learn about the normal fluctuations of the markets and the role they are now playing on a global, national, and local scale, as well as strategic communication and e-commerce in supply chain management.

As you can see, the Supply Chain MBA is the ideal choice for those interested in supply chain management and the global economy. Get started today!