Master of Science in Operations Management

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OMGT 5003 Introduction to Operations Management,Course Description. Provides an overview of the functional activities necessary for the creation and. delivery of goods and services Topics covered include productivity strategy in a global business. environment project management quality management location and layout strategies human. resources management supply chain and inventory management material requirements planning. JIT maintenance and reliability and other subjects relevant to the field Required course. Course Objectives, The course goal is to define operations management and the role of the operations manager in making. strategic OM decisions in relation to the following objectives. 1 Apply strategies for Designing and Producing Products and Services. 2 Apply a Total Quality Management principles that identify and satisfy customer needs. 3 Make Process and Capacity Design decisions along with process options for products and. 4 Select optimal facility Locations for both manufacturing and service organizations. 5 Select effective and efficient Layout strategies that will meet the firm s competitive. requirements, 6 Create a Human Resource strategy to manage labor and design jobs. 7 Make Supply Chain Management decisions giving consideration to quality delivery. innovation and costs, 8 Make Inventory decisions that strike a balance between inventory investment and customer. 9 Make quantity and timing of production decisions for the intermediate future through. planning and scheduling, 10 Make reliability and Maintenance decisions to maintain the capability of Operations.
Management systems, 11 Evaluate the importance of strategies to achieve competitive advantage in a global. environment, 12 Construct Analytical tools for Operations Managers that include the following decision making. tools linear programming transportation models waiting line models learning curves and. simulation, 13 Apply excel functions as tools to aid in the analysis and evaluation of solutions for strategic OM. decisions Excel required, OMGT 5013 Supply Chain Management for Operations Managers. Course description, Focuses on the development and application of decision models in supply chains with emphasis on.
supply chain performance cost and metrics demand forecasting aggregate planning inventory. management supply chain design and distribution transportation modeling and analysis supply. chain coordination the role of information technology and sourcing decisions Spreadsheet tools and. techniques will be used to analyze supply chain performance Prerequisites OMGT 4333 OMGT 5003. Course Objectives, 1 Define a supply chain and discuss its goals and the impact of supply chain decisions on the. success of the organization, 2 Describe how a company achieves strategic fit between its supply chain strategy and its. competitive strategy, 3 Identify the major drivers of supply chain performance and be able to define the key metrics. for tracking performance of the supply chain for each driver. 4 Explain the role of forecasting for both an enterprise and a supply chain and be able to identify. the components of a demand forecast, 5 Discuss the importance of aggregate planning as a supply chain activity. 6 Explain the impact of quantity discounts and trade promotions on lot size and cycle inventory. 7 Describe the role of safety inventory in a supply chain and be able to identify the factors that. influence the appropriate level of safety inventory. 8 Describe the role of sourcing in a supply chain and identify the dimensions of supplier. performance that impact total cost, 9 Identify the key factors that must be considered when designing a distribution network and.
discuss the strengths and weaknesses of various distribution options. 10 Define uncertainties that are particularly relevant when designing global supply chains and. explain strategies for mitigating risk in global supply chains. 11 Evaluate the strengths and weaknesses of different modes of transportation in a supply chain. 12 Explain the importance of information and information technology in a supply chain. 13 Describe supply chain coordination the bullwhip effect and their impact on supply chain. performance, 14 Identify obstacles to coordination in supply chains. OMGT 5113 Human Resource Management,Course Description. A review of Human Resources Management functions as they apply in today s business setting with. specific emphasis on regulatory compliance total rewards systems recruitment training and. employment practices The course is designed both for HRM professionals and for line managers. professionals who need to understand the roles and responsibilities of HR as a business partner. Course Objectives, 1 Explain the core function of Human Resources Management as it relates to operating a. business with emphasis on the numerous tools utilized by the Human Resources practitioner. 2 Demonstrate Human Resources impact on the morale and attitude of employees through. effective conflict resolution and corrective action processes that promote favorable employee. 3 Enumerate regulatory challenges involved in Human Resources Management and the. consequences to the individual and the enterprise for lack of compliance. 4 Present ways in which Human Resources can add value to the organization through the. implementation of effective employment practices and by influencing motivating employees. 5 Describe methods and tactics employed by Human Resources professionals in developing total. performance management systems as well as implementing these systems such th. at they will be supported by both operational leadership and employees. 6 Explain operations managers responsibilities in the area of performance management. including the application of evaluation and coaching tools available within the field. 7 Explain the role of training and development in fostering management competencies. employee productivity and organizational effectiveness. 8 Discuss the tools available in the area of recruitment and staffing to continually improve the. organization s talent pool thus enhancing the organization s competitive position. 9 Explore Human Resources role as the face of the organization in creating a favorable labor. relations environment and the impact of unions on the competitive position of American. corporations operating in a global marketplace, 10 Review Human Resources role in international operations as it relates to value systems ethics. and customs that vary from those found in US domestic operations. OMGT 5123 Finance for Operations Managers,Course description.
Examines the scope and environment of finance for operations managers Topics include financial. markets interest rates financial statements cash flows and performance evaluation Valuation of. financial assets using time value of money the meaning and measurement of risk return capital. budgeting cost of capital capital structure dividend policy and working capital management are also. covered Required course or may substitute OMGT 5463 Prerequisite OMGT 4323. Course Objectives, 1 Explain and apply the concept of time value of money. 2 Discuss decision making effectiveness in financial performance analysis and evaluation capital. budgeting cost of capital dividend policy capital structure working capital management and. international issues, 3 Describe financial issues problems and decisions confronting the manager. 4 Present the framework to understand analyze and generate solutions consistent with. maximizing value of the firm, 5 Develop ability to perform financial analysis through the application of concepts methods and. tools including, a Financial performance evaluation using ratio analysis. b Measurement of cash flow,c Reading and interpreting financial statements.
d Capital budgeting issues,e Dividend decisions and the impact on firm value. f Working capital and liquidity management,g Issues for the international firm. OMGT 5133 Operations Management in the Service Sector. Course description, Review of the role of operations management in the service sector e g health care systems banking. municipal services utilities and postal service and others Emphasizes the principles and. methodologies applicable to the solution of problems within the service industries. Course Objectives, 1 Be able to fluently articulate the unique and similar aspects of a service and a product. 2 Apply fundamental marketing paradigms to the management of services. 3 Describe and reconcile the nuances of that which is considered qualitative in nature versus. that which is deemed quantitative, 4 Move fluidly between organizational levels in understanding and expressing service concepts.
5 Discuss with various aspects of managing and marketing service organizations. 6 Justify outcomes of the processes and decisions explaining assumptions and reasons within. the context of the strategic goals of the organization. 7 Formulate a strategic service vision, 8 Discuss and articulate the importance of the customer perspective in each facet of delivery. OMGT 5143 Strategic Issues in Human Resource Management. Course description, Explores the concept of Strategic Human Resource Management with emphasis on effective partnering. by various HR functions with all levels of management to support the large scale long range goals of. achieving success in the organization s chosen markets Internal and external impacts on and of HR in. all areas will be examined Students will analyze case studies to build on basic concepts acquired in. OMGT 5113 Prerequisite OMGT 5113 or consent,Course Objectives. 1 Describe the changing roles of HRM in contemporary business and government organizations. 2 Evaluate the impact of internal and external challenges to HR function in organizations. 3 Define what it takes to effectively partner with Operations Managers and the functional areas. of the organization in accomplishing corporate objectives and attaining business excellence. 4 Evaluate the challenges to HRM posed by an increasingly multigenerational and multicultural. society and by the demands of an increasingly diverse workforce. 5 Describe the latest political legal and regulatory changes trends and their impact on HRM. 6 Outline the legal and ethical challenges facing managers in today s society. 7 Develop the analytical capacity to quantify HR s impact on the organization utilizing balance. scorecard benchmarking and other metrics, 8 Explore the evolving role of HRM in creating value for the organization in the areas of. Compensation Benefits Recruiting Staffing ER Training Development etc. 9 Apply concepts learned to the analysis and interpretation of specific HRM case studies. 10 Assess the impact of technology on the HRM function with respect to change in the work. environment interpersonal dynamics and a widely dispersed workforce. OMGT 5253 Leadership Principles,Course Description.
Fundamental historical basis of ethics and character are studied with emphasis on the origin of the. factors that many cultures derive their ethical standards Relationship of how these standards relate to. operations management and business The characteristics of leadership and the ethical qualities that. make a person an effective leader in today s business and industrial environment are analyzed The. laws of leadership and examples that specific leaders exhibit these laws are discussed with emphasis. on individual growth as a leader in today s market. Course Objectives, The course goal is to define the role of the operations manager in making character based leadership. decisions by studying the following objectives, 1 Research and understand the origins of ethical standards and how they apply to society and. business operations, 2 Learn and relate the Ethics of John C Maxwell toward the Golden Rule and how its origins in. many global religions and cultures developed, 3 Define the seven classical virtues identified by Aristotle and other throughout history and their. applications toward character development in today s business and service environments. 4 Understand the relationship of competence and how it relates to adding value to others to. foster leadership, 5 Understand leadership as it relates to corporate responsibility.
6 Students will develop an awareness of their competencies core values and themselves and. will develop a personal approach a personal voice in relation to leadership. 7 Students will understand the process of leadership how it involves both leaders and followers. and the connections and resonances between them, 8 Students will learn the origins of ethical standards and how they apply to society and business. operations, 9 Students will understand the varieties of leadership charismatic situational indirect and. direct informal legitimate and positional, 10 Students will recognize that authors of leadership books approach the subject based on their. background and experiences requiring the content of the books to be interpreted accordingly. 11 Students will gain a better understanding of historical leadership icons in comparison with. contemporary leaders, 12 Students will understand and begin the process of grappling with the moral ethical and. political dimensions of leadership,OMGT 5303 Health Care Policies and Issues.
Course description, Explores Health care management strategies and policy development with emphasis on health. Master of Science in Operations Management UNIVERSITY OF ARKANSAS Graduate Course Descriptions and Objectives Last updated April 22 2019 2 OMGT 5003 Introduction to Operations Management Course Description Provides an overview of the functional activities necessary for the creation and delivery of goods and services Topics covered include productivity strategy in a global

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