Supply chain management is a key component of any large-scale business operation, especially in today's technologically-advanced global shipping and distribution market. Students who are interested in studying this field at an advanced level may want to consider pursuing a Master of Professional Studies in Supply Chain Management. Learn about this program in greater detail below, including its common course requirements and admission standards.
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MPS in Supply Chain Management Program Information
Master of Professional Studies in Supply Chain Management programs are not particularly widespread, though it is possible to find these programs online or focusing on a specific sub-field of supply chain management. In general, students can expect to spend one to two years completing this program if they are enrolled full time. Below are five courses that are commonly found in MPS programs in supply chain management.
Fundamentals of Supply Chain Management
One of the first courses that students who are enrolled in an MPS program in this field may take is an introductory level course in supply chain management. This course exposse students to the basic framework of an effective supply chain management model. Students learn about topics like performance monitoring, variability, different organizational structures, and how to integrate a supply chain management program into an organization.
These programs generally include a course that focuses specifically on the topic of logistics. In this course, students learn about the role that logistics plays in the supply chain, focusing specifically on topics like supply and demand, e-commerce, transportation, selecting warehouses for storage, the handling of goods and materials, and packaging. Students also learn about different technologies that can be employed to make the logistics process easier and more streamlined.
Supply Chain Analysis
In this course, students can learn about various tools and methods that can be used to predict and solve common problems that may arise in the supply chain field. For example, students study topics like the uncertainty matrix, forecasting demand, sales predictions, and aggregate planning. This course typically focuses on developing quantitative and mathematical skills.
Strategic Sourcing and Procurement
These programs often include a course that focuses on how to source and obtain necessary goods and sources from outside suppliers. In this course, students learn about how to identify suppliers that fulfill the needs of their organization and how to correctly align suppliers with other aspects of the supply chain to create an effective supply chain program. In addition, students study how being strategic in their methods can have a positive effect on their organization's position in the marketplace.
Innovation in Supply Chain Management
Programs in supply chain management may also include a course that highlights innovative technologies, strategies, and methods. In this course, students learn how to remain effective managers when incorporating new strategies and technologies into their organization's supply chain management program. Students also focus on developing the skills required to help employees and organizations go through a transition process and continue achieving their goals.
General Admission Requirements for MPS Programs in Supply Chain Management
Admission standards for MPS programs in supply chain management vary from program to program. However, because MPS programs are typically geared towards students who have already gained some work experience, prospective applicants will often need to have spend a couple of years working before applying for one of these programs. For instance, a school may look for candidates with two years of post-baccalaureate work experience in a related field. When submitting an application, students will need to send official undergraduate transcripts, letters of recommendation, a personal statement, and a resume. Some programs may require that you take the GRE or GMAT exam, though this requirement could be waived depending on how much work experience you have. Some schools may also have an interview component, which could be done in person or virtually.
In summary, while MPS programs in supply chain management are not common, they are available. Students are able to learn about topics like logistics, procurement, distribution, and innovations in the field.