UNDERGRADUATE PROGRAM

Turning Passion to Purpose

The program in Operations provides the students an opportunity to pursue their academic interests in the Area of Operations/Supply Chain Management (SCM). The area focuses on designing, operating, and improving the productive systems—the systems that produce and deliver products and/or services. Organizations perform transformational processes of various types, for example, physical (as in manufacturing), locational (as in transportation or warehousing), exchange (as in retailing), etc.  The program enables participants to ensure that these transformation processes are performed efficiently and that the output is of greater value than the sum of the inputs.

The operations major program focuses on the two very broad disciplines of (a) Supply Chain Management (SCM) and (b) Project Management. The three courses related to Supply Chain Management area have been designed to develop capabilities to manage the flow of goods, services, and information through the supply chain in an integrated manner in order to make the chain responsive to customer needs while lowering total costs. The Project Management course, on the other hand, focuses on developing capabilities to plan and control large projects within the resource and budget constraints while keeping them on schedule.

The career opportunities for the operations majors start with the positions of purchasing managers, plant/production manager, logistics managers, warehouse managers, distribution center manager, business process improvement analyst, project manager, hospital administrators, branch manager (in a bank), etc. The participants can hope to rise rapidly to the positions like chief operating officer and chief supply chain officer in large multinationals.

In this program the students are exposed to a wide range of core courses through which they achieve a holistic learning of Business administration while focusing on an in-depth study of Operations/SCM through the major.  Throughout the program a strategic application perspective has been incorporated and emphasized so as to provide the students with both a conceptual foundation along with an exposure to real life business scenarios. Hands-on training on various modules of the latest version of SAP ERP system further enhances learning; and makes students ready to be productive from day one in the corporate world.

Along with advanced courses in Operations, capstone courses in Business Management like corporate governance, Ethics, Business Strategy are also offered to develop a holistic and an integrated view of business, its ethical aspects and its effective governance. Along with electives in Business management, a project in the area of Operations domain is also incorporated to provide the students with exposure to real life applications in the domain and an overall understanding of the work environment.

Program Aims

  • Provide an in-depth understanding of the strategic importance of operations and supply chain management in a global business environment.
  • Provide in-depth understanding of how operations function relates to and impacts other business functions.
  • Impart the ability to conceptualize how systems are interrelated, organize activities effectively, analyze processes critically, make decisions based on data, and push for continual process improvement.
  • Make participants understand the overall structures of different types of supply chains and how they are managed.
  • Make participants understand the procurement cycle, manufacturing cycle, replenishment cycle, and customer order cycle in detail.
  • Provide in-depth understanding of warehousing, material handling, logistical packaging and transportation.
  • Impart knowledge and skills to conceive, select, plan and implement projects in a systematic way.

18 MAJOR COURSES

1. Principles of Management

7. Business Research Methods

13. Strategic Management

2. Quantitative Methods

8. Financial Management

14. Enterprise Systems

3. Managerial Economics

9. Operations Management

15. Supply Chain Management

4. Marketing Management

10. Entrepreneurship and Creativity

16. Supply Chain Design and Sourcing

5. People Management

11. Legal Aspects of Business

17. Logistics Management

6. Accounting for Managers

12. Business Ethics & Corporate Governance

18. Project Management

 

1. Principles of Management

This course provides an overview of the key domains of the field of management. It enables them to develop a holistic understanding of the functions involved in developing and managing organizations and prepares them for deeper exploration of the management domain in future.

2. Quantitative Methods

Modern management is increasingly adopting quantitative methods in making strategic decisions. Though the uncertainty in business environment is increasing, the available data for making decision is also increasing at an extremely high rate. Managers are required to collect, analyze and interpret mathematical output for making decisions. The course has been designed to develop familiarity with application of statistical methods in managerial problem solving and decision-making.

3. Managerial Economics

This course provides a solid foundation of economic understanding for use in managerial decision-making. The course provides students with a broad overview of both micro and macroeconomics and thus equips them with the knowledge, tools and techniques to make effective economic decisions under different business environments.

4. Marketing Management

This course provides a conceptual framework to the students to understand the function of marketing in an organization. The course makes them vigilant of the marketing happenings in the real world. It also helps students to apply the marketing concepts and theories to solve case studies and projects. In conclusion, the course builds a foundation of marketing function in an organization.

5. People Management

This course is an introduction to organizational behaviour and human resource management for undergraduates. It discusses behaviour in organizations at individual, group and organizational levels and the practices and tools for managing human resources effectively. It enables students to understand the underlying aspects that drive behaviour in organizations and what tools and practices can be employed to direct individual actions towards organizational objectives.

6. Accounting for Managers

Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of Financial Accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, Management Accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.

7. Business Research Methods

The objective of the course is to enable students to understand the role and importance of research in improving managerial decisions when faced with uncertainty. Statistical methods are applied in all functional areas of business: accounting, finance, management, and marketing. The issue facing managers is not a shortage of information but how to use the available information to make better decisions. Statistical thinking includes the recognition that data are inherently variable and that the identification measurement, control, and reduction of variation provide opportunities for quality improvement.

8. Financial Management

This course in Financial Management provides a detailed understanding of the Finance Function and its interrelationship with other areas of Business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, Financing, working capital management and dividend decisions and what are the key factors that influence these decisions

9. Operations Management

The aim of this course is to inculcate key concepts, basic issues, capabilities, limitations, and tools/technologies related to the operations function. This course also helps students understand and appreciate the role of operations in the firm’s overall strategy and its interdependence with the other firm functions, learn the key concepts, basic issues, capabilities, limitations, and tools/technologies related to the operations function in manufacturing and services firms and develop analytical and problem solving skills specific to operations area.

10. Entrepreneurship and Creativity

The 21st century has dawned with entrepreneurship as major force shaping the global economy. In today’s knowledge economy India is emerging as an ‘Entrepreneurial nation on a global map. At the heart of this entrepreneurial manifestation is the entrepreneurial mind set. Those who possess the spirit of enterprise have led, and will continue to lead, the economic revolution that has proved repeatedly to raise the standard of living for people everywhere. This course is broadly designed to help you join this revolution to bring about lasting, positive changes in your community, organization and around the world.
This interdisciplinary and integrated course thus tries to address two sets of students.
i) Those desirous of building entrepreneurial attitudes and behaviors which can be applied across careers and work setting leading to creative & innovative solutions within community and organizational environment;
ii) Those having immediate entrepreneurial aspirations or considering being involved in starting an entrepreneurial venture at some point of his or her career.

11. Legal Aspects of Business

This course provides conceptual understanding and interpretation of business & economic legislations governing corporate environment and individual and corporate taxation. It aims to provide conceptual understanding and interpretation of business & economic legislations governing corporate environment and taxation for individual and corporate , appraise legal framework in India, provide an overview of important laws that have a bearing on the conduct of business in India, examine the various legal forms that a business entity can take and the relative advantages and disadvantages of each of these forms and understand various modes of dispute resolution in business transactions.

12. Business Ethics & Corporate Governance

The course is designed to develop a clear perspective on role of business and responsibility in society among students. It introduces student to ethical issues and dilemmas regarding what is right or wrong every day of working life. Understanding the responsibility of corporate boards and control mechanisms is essential to ensure prevention of irregular practices.

13. Strategic Management

The overall purpose of this course is to equip students of business management with the core concepts, frameworks and techniques of strategic management that will allow them to make better decisions both for their prospective companies and themselves. Strategic management is all about managing to achieve outstanding success; and the essential tasks of strategy are to identify the sources of superior business performance and implement a strategy that exploits these sources of superior performance. This course reaffirms the relationship between strategic planning, formulation and implementation. The practical and interwoven theoretical nature of class deliberations will cull out the deeper understanding of strategy in business. This course enable a student to build business decisions based on careful analysis of resources, capabilities, competition and environment.

14. Enterprise Systems

This course aims to describe key business processes and identify the main integration points between and among processes, understand the cross-functional nature of processes and their relationship to organizational areas illustrate enterprise integration using System Application Product (SAP) software and provide hands on application of Financial Accounting (FI), Controlling (CO) and Enterprise Asset Management (EAM) modules of SAP.

15. Supply Chain Management

This course helps students learn the key concepts, strategies, tools, and technologies related to Supply Chain Management, understand the overall structures of different types of supply chains and how they are managed, the procurement cycle, manufacturing cycle, replenishment cycle and customer order cycle in detail and the concepts related to supply chain strategy

16. Supply Chain Design and Sourcing

This course helps students learn the key concepts, tools, and technologies related to (a) Supply Chain Strategy Formulation; and (b) Strategic Sourcing and Advanced Supply Management. It also helps them understand competitive strategy and supply chain strategy, the purchasing process, strategic sourcing, and portfolio approach to sourcing and the supply network design process.

17. Logistics Management

The course tries to help students learn the key concepts, tools, and technologies related to Logistics Management, understand how logistics is managed in global supply chains and what techniques are employed to make supply chains lean, the warehousing, material handling, and transportation in detail and the concepts and practices related to logistical packaging.

18. Project Management

Project Management deals with the conception, selection, planning and implementation of projects in a systematic way. The course focuses on Generation and screening of project ideas, Techno-economic viability of a project, Project appraisal techniques, Methods of Project financing including Infrastructure Finance ,Project Planning and control using network techniques, PERT and CPM, Cost control and Quality control ,Risk Analysis and Management for Projects, Organization Structures for project. Project management combines skills of operation management, planning, Finance, cost control, quality and strategy.

14 MINOR COURSES

1. Principles of Management

6. Accounting for Managers

11. Project Management

2. Quantitative Methods

7. Financial Management

12. Enterprise Systems

3. Managerial Economics

8. Operations Management

13. Supply Chain Management

4. Marketing Management

9. Entrepreneurship and Creativity

14. Supply Chain Design and Sourcing

5. People Management

10. Logistics Management

 

 

1. Principles of Management

This course provides an overview of the key domains of the field of management. It enables them to develop a holistic understanding of the functions involved in developing and managing organizations and prepares them for deeper exploration of the management domain in future.

2. Quantitative Methods

Modern management is increasingly adopting quantitative methods in making strategic decisions. Though the uncertainty in business environment is increasing, the available data for making decision is also increasing at an extremely high rate. Managers are required to collect, analyze and interpret mathematical output for making decisions. The course has been designed to develop familiarity with application of statistical methods in managerial problem solving and decision-making.

3. Managerial Economics

This course provides a solid foundation of economic understanding for use in managerial decision-making. The course provides students with a broad overview of both micro and macroeconomics and thus equips them with the knowledge, tools and techniques to make effective economic decisions under different business environments.

4. Marketing Management

This course provides a conceptual framework to the students to understand the function of marketing in an organization. The course makes them vigilant of the marketing happenings in the real world. It also helps students to apply the marketing concepts and theories to solve case studies and projects. In conclusion, the course builds a foundation of marketing function in an organization.

5. People Management

This course is an introduction to organizational behaviour and human resource management for undergraduates. It discusses behaviour in organizations at individual, group and organizational levels and the practices and tools for managing human resources effectively. It enables students to understand the underlying aspects that drive behaviour in organizations and what tools and practices can be employed to direct individual actions towards organizational objectives.

6. Accounting for Managers

Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of Financial Accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, Management Accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.

7. Financial Management

This course in Financial Management provides a detailed understanding of the Finance Function and its interrelationship with other areas of Business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, Financing, working capital management and dividend decisions and what are the key factors that influence these decisions

8. Operations Management

The aim of this course is to inculcate key concepts, basic issues, capabilities, limitations, and tools/technologies related to the operations function. This course also helps students understand and appreciate the role of operations in the firm’s overall strategy and its interdependence with the other firm functions, learn the key concepts, basic issues, capabilities, limitations, and tools/technologies related to the operations function in manufacturing and services firms and develop analytical and problem solving skills specific to operations area.

9. Entrepreneurship and Creativity

The 21st century has dawned with entrepreneurship as major force shaping the global economy. In today’s knowledge economy India is emerging as an ‘Entrepreneurial nation on a global map. At the heart of this entrepreneurial manifestation is the entrepreneurial mind set. Those who possess the spirit of enterprise have led, and will continue to lead, the economic revolution that has proved repeatedly to raise the standard of living for people everywhere. This course is broadly designed to help you join this revolution to bring about lasting, positive changes in your community, organization and around the world.
This interdisciplinary and integrated course thus tries to address two sets of students.
i) Those desirous of building entrepreneurial attitudes and behaviors which can be applied across careers and work setting leading to creative & innovative solutions within community and organizational environment;
ii) Those having immediate entrepreneurial aspirations or considering being involved in starting an entrepreneurial venture at some point of his or her career.

10. Logistics Management

The course tries to help students learn the key concepts, tools, and technologies related to Logistics Management, understand how logistics is managed in global supply chains and what techniques are employed to make supply chains lean, the warehousing, material handling, and transportation in detail and the concepts and practices related to logistical packaging.

11. Project Management

Project Management deals with the conception, selection, planning and implementation of projects in a systematic way. The course focuses on Generation and screening of project ideas, Techno-economic viability of a project, Project appraisal techniques, Methods of Project financing including Infrastructure Finance ,Project Planning and control using network techniques, PERT and CPM, Cost control and Quality control ,Risk Analysis and Management for Projects, Organization Structures for project. Project management combines skills of operation management, planning, Finance, cost control, quality and strategy.

12. Enterprise Systems

This course aims to describe key business processes and identify the main integration points between and among processes, understand the cross-functional nature of processes and their relationship to organizational areas illustrate enterprise integration using System Application Product (SAP) software and provide hands on application of Financial Accounting (FI), Controlling (CO) and Enterprise Asset Management (EAM) modules of SAP.

13. Supply Chain Management

This course helps students learn the key concepts, strategies, tools, and technologies related to Supply Chain Management, understand the overall structures of different types of supply chains and how they are managed, the procurement cycle, manufacturing cycle, replenishment cycle and customer order cycle in detail and the concepts related to supply chain strategy

14. Supply Chain Design and Sourcing

This course helps students learn the key concepts, tools, and technologies related to (a) Supply Chain Strategy Formulation; and (b) Strategic Sourcing and Advanced Supply Management. It also helps them understand competitive strategy and supply chain strategy, the purchasing process, strategic sourcing, and portfolio approach to sourcing and the supply network design process.