SUPPLY CHAIN MANAGEMENT
101
meet regularly with a faculty member, and with a supervisor to provide continuing evaluation of quality and progress of the student’s work. At the conclusion of the experience the student will submit a paper to the supervisor and faculty member and make an oral presentation. Prerequisite: Junior standing 1-6 credits RISK 415: Enterprise Risk Management This course is designed to provide students with a conceptual framework for evaluating and managing an organization’s risks using an enterprise-wide, or holistic, approach. The course starts with an overview of an enterprise risk management (ERM) integrated framework, including in depth discussions and exercises on developing business objectives and applying risk assessment techniques to those objectives. Risk control concepts and alternative risk financing techniques are presented next. After making sure that the students have a good understanding of these concepts, the course concludes with several classes dedicated to the practice of ERM and the practical application of ERM concepts. Students will learn and apply these concepts through lectures, exercises, cases, and guest speakers. Prerequisite: RISK 300 3 credits RISK 425: Insurance Operations This course focuses on the key operational activities of insurance organizations. It specifically covers marketing and distribution systems, underwriting, an introduction to claims adjusting, the principles of ratemaking, reinsurance and financial statement analysis. These functional areas are studied in the context of regulatory and public policy issues. Students will analyze the operational and financial aspects of an insurance company. Prerequisite: RISK 300 3 credits RISK 450: Retirement and Estate Planning This is a comprehensive course consisting of two parts: Retirement Planning and Estate Planning. The practical knowledge needed for choosing the best retirement plan and designing a plan that will meet a client’s needs from a tax and retirement standpoint is discussed. Retirement planning topics include qualified plans, non-qualified plans, and IRAs. Estate Planning will include various aspects and strategies of estate and gift tax planning, including the nature, valuation, transfer, administration, and taxation of property. Emphasis is given to a basic understanding of the estate and gift tax system. This course is also listed as FINC 450. Prerequisite: BCOR 311 3 credits RISK 499: Business Continuity and Risk Management This course explores the area of Business Continuity and Risk Management in a comprehensive manner to provide for organizational resilience. Particular emphasis is placed on assessing threats which may lead to disastrous events, evaluating control alternatives and implementing strategies. Practical solutions to enable an organization to mitigate risk, to manage crisis and to recover after a disaster are discussed and emphasized. The course is designed to expose the student to all aspects of a holistic Business Continuity and Risk Management program and to determine the most appropriate requirements. This class will involve development of a Business Continuity Plan for a local business enterprise. Prerequisites: RISK 300, RISK 321 3 credits
SUPPLY CHAIN MANAGEMENT (BSBA) The supply chain is defined as the entire system of organizations, people, activities, information, and resources involved in moving a raw material, input, or service from supplier to end user. Managing a firm’s supply chain is a complex task and requires the firm to plan its own operations in concert with its suppliers’ and customers’ operations. The introduction of just-in-time and continuous flow operations in production facilities has created the need for such intensive planning and control. The supply chain management curriculum includes the study of inventory management, transportation management, enterprise resource planning, sourcing, logistics, and decision modeling.