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Learn to navigate the laws governing customer-supplier relations, and how to structure effective contracts and their management. As part of the Rutgers Stackable Business Innovation Program (rSBI), the Supply Chain Law and Contracts Concentration is stackable with the following master's programs: Master of Supply Chain Analytics, MS in Supply Chain Management, MBA.
Supply chain professionals must understand the domestic and international laws and legal processes that bound their strategic decisions and business planning. This concentration is aimed towards both supply chain managers who wish to learn more about law and governance of the supply chain, and contract managers that wish to possess a deeper understanding of how contract law functions domestically and across borders. Students will study the law not to become lawyers, but rather to be managers who can strategically use the law to meet their firm’s business and supply chain objectives.
You can take the course listed below as individual classes or as stackable courses towards the completion of a concentration.
Law impacts every stage of the product and service cycle. Supply chain managers and professionals must therefore be conversant with the substance and language of a number of legal issue areas that are tightly bound with strategic supply chain management. The legal topics covered in the course will include but are not limited to: supply chain and procurement contracts, dispute settlement, finance, international trade, transportation, tort, international investment law, and labor and environmental supply chain governance. Students will learn key legal concepts and also learn how to apply them to real life situations.
This course introduces the legal environment in which managers and the firm functions. Students will examine managerial aspects of law including: corporate law, contracts, employment, property, tort and product liability, and international law, among other topics that are necessary tools for modern managers and entrepreneurs. The focus will be on learning how the legal system functions and on developing tools to strategically use the law to further the firm’s goals, as well as avoid liability and costly litigation.
Intense competition is a key driver that elevates supply contracts and their lifetime management to a strategic level. How well supply chain management professionals structure supply contracts and commercially manage supply transactions will continue to be an important part of how organizations improve, reduce costs, and maximize opportunities. The success of critical commercial transactions depends on flawless execution which in turn requires expert contracting and management skills. Billions of dollars are spent every year by corporations in procuring goods and services from their suppliers. Therefore, even small changes and improvements in how supplier contracts are managed can have substantial positive impacts on the bottom line. Supply chain and procurement professionals need to be well versed in the subtleties of how to optimally manage supply contracts and their associated commercial challenges. This course provides supply chain management professionals with skills, strategies and techniques to avoid the pitfalls associated with poor contract management. The course focuses on crucial real-world contract management considerations including: how sound contract management practices are an important part of being successful in an increasingly competitive global environment; how to assess, minimize and commercially manage supply contracts by early identification of contract management “red flags”; and practical steps for improving and standardizing contract management techniques in organizations.
The concentration and courses are offered by the Supply Chain Management Department
Sample Relevant Careers: Procurement Officer, Buyer