College of Business Redesigns its Global Supply Chain Executive Development Program
For more than 35 years, the UT Knoxville College of Business Administration has excelled in delivering an internationally renowned executive education supply chain curriculum. Given the dynamic and ever-changing supply chain arena, the college has revamped its executive-level curriculum to address today's issues.
"Ten megatrends drove the need for us to develop a new educational program for supply chain executives," said Ted Stank, Bruce Chair of Excellence in the Department of Marketing and Logistics. "There was a need for a new, fresh curriculum to prepare supply chain executives for the future environment they will face."
The new week-long, global supply chain management executive development program will be introduced the week of October 31, 2011. It addresses the following ten megatrends:
- Information systems are becoming more sophisticated and complex; therefore, supply chain executives need to better understand how to integrate current technology with their own capabilities.
- The demand and supply relationship is becoming more integrated and involved. Organizations must understand how to more effectively weave these functions together for maximum effectiveness.
- Increased transportation costs and the challenges of providing/delivering optimal service are mandating enhanced collaboration with service providers.
- Distribution networks are being redesigned to react to increased freight costs and system bottlenecks. This will significantly change the face of North American supply chain networks.
- The cost of diesel fuel is continuing to rise, adversely affecting supply chain costs.
- Higher transportation rates (more than 15 percent), coupled with limited capacity, are challenging the efficiency of current supply chain networks.
- Organizations are facing increased safety and security compliance regulations, thereby causing new supply chain challenges and opportunities to surface.
- Driver shortages are expected to escalate once the housing slump eases, which will place an undue burden on supply chain networks.
- The continued deterioration of the transportation infrastructure has negative ramifications for all supply chain networks.
- Legal and government issues, such as the passage of a surface transportation bill and the national export initiative, will have pronounced long-term effects on supply chain networks.
Operational topics such as procurement, manufacturing and distribution strategies, network optimization, inventory planning, the application of Lean, and supply chain metrics and financials also will be covered. Concluding the program will be a discussion of managing supply chain risk, sustainability, and change management strategies. Two highly interactive, team-based simulation strategies will be woven throughout the event.
"This one-week comprehensive program gives supply chain executives all they need to know about the supply chain megatrends impacting the world today," said Paul Dittmann, executive director of the Global Supply Chain Institute at UT Knoxville.
To learn more about the Global Supply Chain Executive Development Program, contact Rhonda Barton at 865.974.1626 or firstname.lastname@example.org.
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