Upon course completion, students will be able to:
1. Assess inventory management with emphasis on the logistics of risk involved in the commitment of financial assets on the basis of project events.
2. Compare and contrast the advantages and disadvantages of using common, regulated, contract, exempt, and private carriers in the flow of goods and services.
3. Relate the consequences of the deregulation of the transportation industry to current logistics trends.
4. Determine and apply the requirements for a comprehensive logistics and supply chain network.
5. Determine and apply the requirements of materials procurement and strategic sourcing, including the use and application of e-procurement and e-sourcing.
6. Analyze and differentiate various production and planning strategies, including the integration of information technology, as they apply to logistics and supply chain management.
7. Analyze and apply reverse flows and closed loop supply chains as they pertain to logistics and supply chain management.
8. Analyze and assess current and future challenges in logistics and supply chain management, including the need for transformation and the steps that are important to accomplish that objective.