Rutgers Business School Executive Education is launching an accelerated certificate program that will explore the impact of the Internet of Things (IoT) on the next generation of supply chain strategy. The Mini-MBA Supply Chain in a Digitized Network program will be offered April 11-15, 2016, in New Brunswick, N.J.
In addition to hosting a North America program, Rutgers will expand this program internationally to include the Asian and Pacific Coast (APAC) countries. Over the past five years, Rutgers has achieved great success with custom program delivery in the APAC region. Corporate clients include Johnson & Johnson (Shanghai &Singapore), Janssen Pharmaceutical (Vietnam), and Sodexo (Vietnam). The first international Supply Chain Mini-MBA program will be delivered in an open enrollment format and will be led by the Rutgers Business School Executive Education team and APAC-based faculty. The program will include relevant and regional challenges, compelling case studies, and will be hosted in Singapore in 2016.
The Internet of Things (IoT) is the network of physical objects, devices, appliances and other items embedded with electronics, software, sensors and network connectivity, that collect and transmit data through the Internet.
“IoT is profoundly reshaping the supply chain and reinventing the entire industry. Many companies have focused their IoT strategy on how the technology can cut costs and improve efficiency. However, IoT can also serve as a foundation for greater differentiation and innovation,” said Jackie Scott, global program director of Rutgers Business School Executive Education.
Every industry is ripe for digital disruption and supply chain is no exception. Innovation and technology are at the core of every business revolution and so it must be with supply chain management. To maximize supply chain effectiveness, progressive companies and leaders must re-examine their current business models and integrate essential technological capabilities that enable high-performing teams to proactively stay ahead of the competition.
“Supply chain leaders must out think the challenges ahead to gain competive advantage. Companies that embrace new technology will be better positioned to unlock fresh revenue streams, provide better customer experiences, and create modern operating models that will drive efficiency and create real value,” Scott said.
Participants in the Mini-MBA: Supply Chain in a Digitized Network will gain a better understanding of new technology and how to lead innovation in the organizational structure (e.g., talent, globalization, mergers & acquisitions, financial drivers, centers of excellence), technology (e.g., IoT, machine- to-machine technology, robotics, omni-channel enhanced customer experiences, digital manufacturing), and processes (e.g., predictive analysis, advanced analytics, cloud computing, risk mitigation, procurement, fulfillment, lean and green principles).
“The ‘old’ focus of discussion and research in supply chains was the optimal establishment of these supply chains. Companies, entire sectors, ‘lived and died’ by their supply chains,” said Farrokh Langdana, Ph.D, director of Rutgers Executive MBA and professor of Finance and Economics.
“The more recent focus in supply chains is on the exogenous shocks that buffet supply chains and can generate cycles of disruptions over multiple continents. These shocks can range from natural disasters, to political coups driven by economic catastrophes, to exchange rate collapses from broken exchange-rate pegs,” Langdana said. “The Rutgers Mini-MBA: Supply Chain in a Digitized Network will equip attendees to master both these aspects of supply chains, to not just survive, but to thrive in this hyper-connected global economy.”
“We are very pleased to have the opportunity to partner with some of the absolutely best external subject matter experts and thought leaders in the world of next-gen supply chain strategy as well as leveraging the expertise of our award-winning Rutgers Supply Chain Management Department, Supply Chain Disruption Research Laboratory, and Center for Supply Chain Management,” Scott said.
For more information,go to http://www.business.rutgers.edu/executive-education.