This course will instruct and apply various key concepts of Supply Chain (SC) and the related decision making tools to solve practical supply/demand problems in the context of global supply chains.

Students will learn core SC-related concepts including time-based inventory management, warehousing, transportation and distribution systems design, facility location decision process, and information handling in SC operations as competitive advantages in service-based emerging economies. SCs are concerned with the efficient integration of suppliers, factories, warehouses and stores so that products are distributed to customers in the right quantity and at the right time. One of the primary objectives is to minimize the total supply chain cost subject to various service requirements. SCs are responsible for, now on a global scale, the delivery of valueadded goods/services in any organization – public or private, and profit or non-profit.

The course explores important supply chain metrics, primary tradeoffs in making supply chain decisions, and basic tools for effective and efficient supply chain management, production planning and inventory control, order fulfillment and supply chain coordination. We will also investigate topics such as global supply chain design, logistics, and outsourcing, several other recent supply chain innovations".

This course applies theories of microeconomics and macroeconomics to real-world scenarios. The main objective of the course is to teach students how to use analytical tools that help to gain a deep understanding of the business environment; give meaning to the strategic interactions of companies; and facilitate effective economic decision-making.

The concepts familiarize students with market structure, dynamics, and behaviors, including how producers and consumers interact with each other and shape market behaviors. Key topics include consumer theory, intertemporal decisions, market structure, low-risk decisions, externalities and market failures, economic forces, and business cycles.

Upon completion of this course, students will possess the knowledge and skills necessary to make proper judgments regarding the likely consequences of various economic events.