UMT Launches New Supply Chain Management Concentration under MBA

ARLINGTON, Virginia, December 17, 2019

The University of Management and Technology (UMT) is pleased to announce the launch of a new Supply Chain Management (SCM) area of concentration under the Master of Business Administration (MBA) degree. The new concentration has received approval from the Distance Education Accrediting Commission (DEAC) on November 7, 2018.

"Supply Chain Management is a critical management area that international and domestic business enterprises and organizations including various levels of governments undertake daily." said Dr. J. Davidson Frame, UMT's Academic Dean, "Since Supply Chain Management deals with a vast array of subjects and disciplines in management processes, it is important for MBA students who are current or future managers to gain an understanding of broad and complex issues that supply chain management practitioners face every day."

Students who are working in or interested in pursuing the supply chain management positions will benefit from the SCM concentration of study. This concentration enables students to address the complex issues modern businesses encounter in their supply chain as well as applying effective sourcing strategies to achieve a competitive advantage.

The MBA-SCM degree program requires the following core, concentration and capstone courses:

MBA Core Courses
ACCT 600 Accounting
COMM 500 Communication and Soft Skills
ECON 500 Economics
MGT 530 Leadership and Organization
MGT 535 Operations, Logistics and Supply Chain Management
MGT 540 Business Law and Ethics
MGT 570 Information Technology
MKT 500 Marketing and Sales

MBA Concentration in Supply Chain Management
SCM 500 Supply Chain Management
MGT 571 e-Commerce
MGT 553 Risk and Quality Management
MGT 554 Contracts and Procurement
SCM 505 Transportation Management
SCM 610 Strategic Sourcing

MBA Capstone
MGT 699 Business Policy and Strategy

According to US Department of Labor (DOL), the job outlook for the supply chain managers, specified as logisticians, will grow 7% annually in the next decade, with 148,700 to 159,000 logistic management jobs in US labor market from 2016 to 2026.¹ US DOL reported that the median pay level for logisticians in supply chain management was $74,590 in May 2017. The low was $44,820 and the high $120,120.² In May 2018, APICS, an association in supply chain management, published 2018 Supply Chain Compensation and Career Survey Report. This survey reveals a healthy outlook for those employed in the supply chain. Key findings include: the average salary for supply chain professionals in 2017 was $85,210. 90 percent of respondents received an average salary increase of at least 3 percent in 2017 and nearly all reported they are happy and likely to remain working in the supply chain field.³

About UMT

The University of Management and Technology is an accredited university located in Arlington VA. Since 1998, UMT has built a strong global higher learning community through its online and distance education. Geographical boundaries do not limit UMT and its students who reside in 50 states, the District of Columbia, 4 US territories of the United States, and 78 countries worldwide. As of May 2018, UMT has provided various levels of education programs to 23,850 students. Of these, 12,700 have earned their degrees from UMT.

All questions for information about UMT degree programs may be addressed by email to admissions@umtweb.edu or by calling toll free (800) 924-4883.

Sources:
1. https://www.bls.gov/ooh/business-and-financial/logisticians.htm#tab-6
2. https://www.bls.gov/ooh/business-and-financial/logisticians.htm#tab-5
3. http://www.apics.org/apics-for-individuals/apics-magazine-home/research/apics-research-reports?pr=salary-report-2018