Meeting/Event Information

ISM-CT NEW! Hybrid course: "Supply Chain Economics"

November 15, 2018
9:00 AM to 2:00 PM
 Add to Calendar

Yale University
344 Winchester Avenue
New Haven, CT 06513

Supply Chain Economics

A Hybrid Course Offered by ISM-CT

Brief Video: Rich Weissman about this hybrid course: Rich Weissman

The Course

Economics drives the supply chain.  This hybrid seminar examines the principles of macroeconomics and microeconomics by focusing on how to manage effectively in the global context of suppliers, customers, and competitors. The principles of cost, strategy, and organizational analysis are discussed, focusing on how managers evaluate both the internal structure and incentives within a firm, as well as the competitive forces external to the firm. Key concepts studied in this session include a review of basic economic terms, identification of business drivers in the supply chain, an examination of total cost of ownership criteria, a review of fiscal and monetary policy, and the importance of cost and value analysis in managing the end-to-end supply chain. Special consideration will be given to creating a strategy to deal with current economic conditions impacting all of our organizations.

The Process

  • This 15-hour course will be offered in a hybrid version, with both onsite and online sessions, for ISM-Connecticut. The overall course will be 15 hours long.
  • We will meet for a 4-hour onsite session as a group at a location to be determined by ISM-CT. This session will cover the basics of the subject matter and also provide an opportunity to explore the requirements and concepts of the online sessions to be held during the next four weeks. The onsite session, and the online sessions, will total 15 hours.
  • The four online sessions will be on the CANVAS learning management platform. While it is a subscription-based system used my many universities and corporations, there is a fully featured free version that is perfect for this program. Students will be provided with login credentials for the course and a demonstration of the platform. It is quite simple and straightforward.
  • The online portion of the course is asynchronous. That means that we will not be meeting at any specific time, but students will have access to, and complete the course assignments, as their schedule permits during the course of the week. It is expected that the students will need to invest approximately 2.5-3 hours per week during the 4 weeks the course is online.
  • The online portion is relatively simple. There will be several pieces of content available to the students each week, including articles, podcasts, and videos. There will also be a thematic lecturette created by the instructor to organize and launch the material for that week.
  • There will also be 2-3 threaded discussion questions posted each week. These questions are applied knowledge questions and might ask for a reflection of one or more of the posted readings, a discussion of a current event topic, or a topical work related issue. Each post will be 100-200 words and students will be expected to read and comment on some of the posts of the other students. This participation is a critical component of the online course. The more participation…. the better the student experience. And, as we will have met in the onsite session, we will all know each other!
  • This is a fully moderated and instructor lead course. The instructor will be present in the course on a daily basis, ready to share additional content, moderate the discussion, and answer any questions.
  • Your instructor has almost 20 years teaching online. He launched the online program at Endicott College where he still teaches online courses for undergraduate and graduate students. He also teaches online for Northeastern University and Lesley University.

The Instructor

Rich Weissman, an experienced supply chain management practitioner and educator, works with businesses to build scalable and sustainable supply chain strategies. His focus includes strategic sourcing, sales and operations planning, process improvement, and sales and customer service management. Weissman teaches operations and supply chain management, strategy and policy, entrepreneurship, and managerial economics at the graduate and undergraduate levels, and writes and speaks extensively on issues impacting the global supply chain. He has more than twenty-five years of hands-on experience in procurement and supply chain management for Boston area manufacturing and service companies. He is past president of the Purchasing Management Association of Boston (ISM-GB) and the recipient of the Harry J. Graham Memorial Award, the highest honor bestowed by the Association. Weissman earned an MS in Management from Lesley University and a BA in Economics from Rutgers University.


$250.00 ISM-CT Members
$200.00 Earlybird rate before November 1

$350.00 Non-Members
$300.00 Earlybird rate before November 1