MBA Procurement and Supply Chain Management
The MBA in Procurement and Supply Chain Management is a specialized graduate degree program that focuses on preparing individuals for leadership roles in managing procurement processes and supply chain operations within organizations. The programmes involves:
Core Business Foundation: Similar to other MBA programs, the curriculum includes foundational business courses such as finance, accounting, marketing, operations management, and strategic management. These courses provide a comprehensive understanding of business principles and their application in procurement and supply chain contexts.
Procurement Principles and Practices: The program covers core procurement concepts, including strategic sourcing, supplier management, contract negotiation, vendor selection, and procurement risk management. Students learn how to effectively manage the procurement process to optimize costs, quality, and supplier relationships.
Supply Chain Management: Emphasis is placed on understanding supply chain dynamics, logistics management, inventory control, demand forecasting, and distribution strategies. Students learn how to design and manage supply chain networks to enhance efficiency, agility, and responsiveness to customer needs.
Strategic Sourcing and Vendor Management: Courses focus on developing sourcing strategies, assessing supplier capabilities, and building strategic partnerships with key suppliers. Students learn how to evaluate supplier performance, mitigate supply chain risks, and negotiate favorable contract terms.
Supply Chain Analytics and Optimization: With the increasing use of data analytics in supply chain management, students learn how to collect, analyze, and interpret supply chain data to make informed decisions. They explore optimization techniques, simulation models, and forecasting methods to improve supply chain performance.
Global Supply Chain Management: Given the globalization of supply chains, students learn about international trade, cross-border logistics, customs regulations, and cultural considerations in global supply chain operations. They gain an understanding of the complexities of managing global supply chain networks.
Ethical and Sustainable Procurement Practices: The program addresses ethical considerations, corporate social responsibility, and sustainability principles in procurement and supply chain management. Students learn how to integrate ethical and sustainable practices into procurement processes and supply chain operations.
Technology in Supply Chain Management: The program covers the role of technology in supply chain management, including supply chain software, automation technologies, IoT (Internet of Things), blockchain, and predictive analytics. Students learn how to leverage technology to enhance supply chain visibility, collaboration, and efficiency.
Risk Management and Resilience: Courses address supply chain risk management, business continuity planning, and resilience strategies. Students learn how to identify supply chain risks, develop risk mitigation plans, and build resilient supply chain networks to withstand disruptions.
Capstone Project: The program incorporates capstone projects where students apply their knowledge and skills in real-world settings. A critical component is a Business and Networking Bootcamp, which brings together our students and some industry players for network building and fostering partnerships and collaborations between our students, entrepreneurs and businesses. These opportunities provide valuable hands-on experience and may lead to networking and employment opportunities post-graduation.
Overall, the MBA in Procurement and Supply Chain Management prepares graduates for leadership roles in procurement, logistics, supply chain management, operations management, and consulting across various industries and sectors. Graduates are equipped with the knowledge, skills, and competencies needed to optimize supply chain performance, reduce costs, and drive organizational success in today's global business environment.
Admission Requirements:
Candidates for admission into the MBA programme must satisfy the following requirements:
- A good first degree (at least Second Class Lower) in Commerce, Marketing, Procurement, Accounting, Economics, Finance, Mathematics, Statistics, or any other related degree from a recognised University.
- A good first degree in an area unrelated to business studies from a recognised university with at least 2 years of working experience in a business
- Candidates shall be interviewed or be required to take an entrance examination.
- Foreign applicants will be assessed based on GTEC’s evaluation of their qualifications.