Management Department hosts short course on tactical supply management and strategic sourcing

The Trulaske College of Business Management Department, in partnership with Honeywell, held a comprehensive two-day short course, "Tactical Supply Management & Strategic Sourcing," on April 4-5, 2023. The program aimed to empower participants from Honeywell with essential tools and strategies fundamental to sourcing and supply management, offering opportunities for engagement with fellow professionals and experienced academics.

The pandemic has brought unprecedented attention to the complexities of sourcing and supply management, with supply shortages and risks affecting every industrial sector. As a result, organizations have shifted from defensive strategies to more proactive ones to support their short- and long-term goals. Recognizing this growing necessity, the short course was designed to educate professionals across various organizational functions at Honeywell, such as finance, engineering and business development.

The course covered a range of topics, including improving sourcing and supply management processes, defining a supply management strategy, comparing and qualifying suppliers, implementing agreements, managing supplier relationships and transforming sourcing into a value-added operation. The curriculum also provided an overview of best-in-class purchasing tools, methods, procedures and systems.

Faculty and speakers at the event included Dr. Anthony Ross, Department Chair of Management; Dr. Jung Ha-Brookshire, Department Chair of Textile & Apparel Management in the MU College of Arts & Science; and Dr. Jim Noble, PE, Department Chair of Industrial and Systems Engineering in the MU College of Engineering.

"The two-day short course provided a unique opportunity for participants to broaden their understanding of the ever-evolving landscape of sourcing and supply management,” Anthony Ross said. “By engaging with experts from various fields and sharing practical experiences, our attendees are better equipped to make informed decisions and drive positive change in their organization."

The Trulaske College of Business remains committed to offering programs that address emerging trends and challenges in the business world, preparing professionals to adapt and excel in an increasingly complex and interconnected global landscape.