With this course, the students are expected to:
- To learn the specifics of retail practice, understand the main problem areas in retailing management, and analyze the retail industry from a system perspective.
- To understand the impact of effective supply chain management on retail business performance, and link it to customer preferences and financial targets.
- To develop solutions for issues in retail practice by leveraging theory and previously-learned tools in the IE discipline (i.e. inventory planning and control, logistics, statistical analysis, optimization, and etc.) to impact the business performance.
- To be able to leverage data to inform operational and tactical decisions in retail, and connect strategic decisions with tactical and operational consequences/challenges.
- To develop the necessary background for a career in (i) retailing and retail supply chains, (ii) businesses like consulting and information technology that provide services to retailers, and (iii) brand manufacturers that reach the end consumer through retailers.