Earlier, a supply chain leader was a tactical position because it included one with specific expertise on things such as warehousing equipment, shipping routes, and fuel costs. Today, the profile of a supply chain leader is immensely different. Supply chain leaders are strategic leaders and are focusing on the overall growth of the company, not just their part in it.
The need for smart, strategic supply chain leaders is crucial as organizations now are spending a large amount of money on their supply chain processes. Whether it’s gathering business intelligence to help make better decisions, or building relationships with suppliers and stakeholders, supply chain leaders require a new set of skills above and beyond logistical knowledge.
Thinking beyond the supply chain:
Today’s supply chain leaders need to have business skills in order to drive results and accelerate revenue for their respective companies. This requires a more strategic approach, and a more strategic mindset. Some characteristics of a successful supply chain leader include:
Business Acumen: Supply chain leaders are no longer relegated to their specific expertise; they are now a critical part of the overall business. The involvement is complete right from speaking to the CEO in terms of ROI, or discussing cash flow with accounting, these professionals must see beyond the supply chain and see the business as a whole.
Global orientation: All senior business executives today need to be globally capable. Global sourcing and global supply chains have expanded tremendously in recent years, for both retailers and manufacturers. There are few companies that do not either source globally, sell globally, or have competitors that do so. Therefore, supply chain executives must manage, like never before, an enterprise that extends across continents and must deal effectively with suppliers and customers worldwide.
Leadership: Supply chain leaders are no longer hidden in the background; they hold prominent positions in companies. They must not only lead their team to create an effective and efficient supply chain, but they must also be able to collaborate with other departments and external stakeholders to drive cost savings and revenue generation.
Information Technology and Automation Knowledge: Supply chain is all about people using technology as a tool. Nothing is more important than working on your people skills if you want to be a successful supply chain leader
The Skill of Flexibility: The one thing you won’t find on this list of supply chain leaders’ “must have” skills is innovation. You don’t have to be an innovator to be a good supply chain leader, but you do have to support and drive innovation. Flexibility is the skill that will help you to do that.
Demand for the most talented supply chain professionals will continue to rise, and hiring and retaining them will continue to tax the best organizations. It is obvious that companies must “sell the opportunity” to candidates much more adroitly.
IMT Dubai campus sets an atmosphere that motivates a student to learn and explore, and derive benefits from interactions with the multinational student community of the Dubai International Academic City (DIAC). The DIAC is a purpose-built campus exclusively for colleges and universities. It provides a single location for post-secondary education in the Emirate bringing together 30 institutions from 13 different countries, allowing students and faculty coming from different institutions to connect and learn from each other.
IMT Dubai occupies an entire stand-alone building covering approximately 250,000 square feet, divided into blocks and areas. The campus is built in a contemporary fashion, with hi-tech learning centers, mock trading rooms, an up-do-date library, video conferencing facility, a Reuters terminal and more. The in-campus cafeteria offers multinational and international cuisine to the students. Students also participate in various festivals and theme events hosted by IMT Dubai and other schools of the Academic City. The whole environment gives the students a comprehensive learning experience as well as a chance to understand what it means to be a global citizen.
Ranking and Recognition: In addition to local accreditation, the MBA program at IMT Dubai is accredited by the International Accreditation Council for Business Education (IACBE), a premier professional accrediting organization for business programs in student centered colleges and universities throughout the world.
At the end of the program, students are conferred with an degree accredited by the Ministry of Higher Education in the UAE. This greatly enhances the international acceptance of the degree, thereby giving impetus to higher education and careers, globally.
The academic qualifications granted by IMT Dubai are certified by KHDA are recognized in the Emirate of Dubai by all public and private entities for all purposes.
Impromptu meets, group studies, activities all around the corner, the buzz that is always on at IMT. The recent buzz created was an event that had over 450 students from all over UAE. You can imagine the hype and the energy at the campus, with the students of IMT pitching in and welcoming the lot. The event was an Interschool Literary challenge. A day for fun, a day for learning! With a lot of activities lined up, the event gave the students a chance to sneak a peek into the college life that awaits them. We started off with an assembly followed by a lot of activities lined up for that got the ice breaking and a lot of interaction and laughter. We had debates and elocution that got the speakers in them up and running. We had creative writing for the budding writers out there. For some more laughter, there was of course a dumb charades game! Followed by what’s the good word, some very beautiful collages and painting for the artists. That wasn’t all, there was a lot of unanswered perceptions about college life and the choices to be made in the future, and IMT was there to sort it out. The students interacted with the IMT students on campus and answered a whole lot of queries about college life and options one could chose after schooling. Overall it was a day of learning and fun at IMT, where even we, students of IMT relived the school life.
Dr Sharad Nair from Apex Advisors DMCC gave an insightful talk on “How to grow rich and stay rich”. He gave some tips as to how to invest in a prudent manner and also emphasized the importance of striking a work-life balance.
IMT Dubai conducted the Management Lounge Meetup October 2017 at the campus in DIAC. The theme of the event was “Innovation in Management” which was graced by prominent personalities from various schools in Dubai.
The workshop presented by Professor Jeremy Williams encouraged the participants to reflect on what it means to be a professional educator, school administrator or counselor in the 21st century. Its main purpose is to critique some of the popular beliefs about the characteristics of the current generation of students in schools, and what strategies might be employed to foster student engagement. The workshop also shared the possibilities and probabilities of employment and employability in the management side in current job market.
The Management Lounge Meetup is a unique platform that reaches out to our school partners for an interactive-academic collaboration. This is an initiative that benefits the principals and students through university engagements, projects, and talent-need collaborations.
Here’s a quick glance at the event conducted at our campus:
IMT Dubai – Empowering your next move
The UAE retail industry is poised for solid growth over the next four years, owing to a lot of macro economic factors including non-oil sector boost, population boom, tourism and massive economic growth in the country, said a report.
Considering Arabian economies, UAE economy has witnessed spectacular growth in past few decades. This growth is majorly attributed to oil sector of the economy which not only contributes to national income but is also an important source of foreign direct investment (FDI), stated Ken Research in its latest publication on “The Future of Retailing in the UAE to 2020.”
Construction and tourism sector has also contributed to significant improvements in the economy. And in last three decades, retail sector has observed spectacular growth and development, said the report, which provides a snapshot of major retail sales and distribution channels gaining popularity in recent years.
The Retail Management concentration offered to the Bachelor students at IMT Dubai helps students with a practical know-how along with a theoretical understanding of retail management. It caters to the needs of the booming retail sector within the region and provides students with the appropriate knowledge and skills to take up responsibilities in various aspects of the retail industry.
According to Ken Research, the food and grocery sector received a maximum share of the industry. In today’s dynamic retail environment, we as a university understand the importance of innovative new strategies and ensure to improvise the program and train our students for the future of Retail in Dubai.
To help our students get there, we partner with big business hubs in the GCC and organize in company projects; internships and industry speaker who enlighten our students for current trends in the industry. We also make them corporate ready so that they can respond, and deliver the technology, solution, and expertise needed to stay one step ahead while staying in touch with constantly changing needs of the market.
Sunday 20th August 2017, a Memorandum of Understanding was signed between The Institute of Chartered Shipbrokers (ICS), M.E. Chapter and Institute of Management Technology Dubai (IMT Dubai), to foster education and industry collaboration between the two parties.
IMT Dubai, a top Business School in the UAE, is launching a Masters in Supply Chain and Logistics Management in February 2018. The IMT-ICS collaboration represents the commitment to educate industry-ready graduates who are academically and professionally strong to lead the shipping and logistics industry in the UAE.
The signing ceremony was attended by more than 60 ICS members. During the signing ceremony, Dr. Francois Therin quoted “With the strong presence of the logistics sector in the UAE and lots of our students specializing in this area, we are very happy to move further in our commitment with this industry through this partnership. Together with ICS, we will develop actions towards uplifting the shipping industry to the benefits of our students and of the current employees in the industry.” He added, “This agreement is fully aligned with the vision and mission of IMT Dubai for the next years”
Mr. Subarmaniam, CEO of ICS added “I’m delighted to sign this new agreement with IMT Dubai, which marks the commencement of our partnership. On behalf of ICS- ME I would like to extend a sincere thanks to the IMT Dubai and in particular Dr. Francois Therin for the excellent support they have provided for collaboration.” He commented “This MOU will facilitate the mutual sharing of best practices and expertise in learning of supply chain and logistics trends and research – pedagogy, and the professional development of our members.”
A captivating mentor and facilitator, most of which he does on a voluntary basis as a part of “giving back to the society”, Deepak Mehra is an asset to the fraternity not only as the Head of Advisory – Treasury Sales, Investment advisory & product at Commercial bank of Dubai but for all of us in IMT. His vision encompasses the objective of assisting b-school students and young professionals to transit in the corporate world. He has taken a further step in his already successful career by trying his hand at writing. His first book “Ready, Steady and go” is published by Jaico (India).
An interactive session with Mr. Deepak Mehra was very engaging and it included some of the very intrinsic concepts handpicked directly from his book. He first talked about how the real world out there is very different from the academic environment in which we dwell. He then highlighted some intriguing concepts from his 59 high-octane rules for personal success and discussed them. It included Be Sociable, Not Social, Passion Is out of Fashion, Think Like a Golfer, Get the Boss Equation Right, et cetera. Smile and sleep were the fascinating ones. Answering some of the most debatable topics like sleeping cycle and early risers, he rose the participation level of the lecture, to an entirely new level. He differentiated successful people like Bill Gates, Warren Buffet, from the mango man on grounds on these two parameters. The session was concluded on a high note, leaving the students highly motivated and clear about direction
This week, Corporate Relations Committee came in limelight with their first guest lecture on 2nd August, 2017. We had on board two eminent personalities, Mr. Abhilash Polassery and Mrs. Sanam Butani, two holding pillars of SPT Middle East.
Briefing a little about both of them, Mr. Abhilash, A Chemical Engineer with an MBA and proven capabilities gained through extensive experience in sales, operations, project management, technology transfers and joint ventures in the Petrochemical industry. Mrs. Sanam, on the other hand, a recent MBA graduate with extensive experience in the investment banking and financial services fields. Her skills and specialties includes Financial Modelling and Analysis, Capital Markets, Data Analysis and Venture Capital.
Their diversifying backgrounds and mixed lot of experiences dipped us into the real world. Sanam talked about her first layoff and how that was an incredibly powerful kick that taught her to keep moving forward. Abhilash Sir explained and related with students through his multiple career shifts from a plastic company to a non-profit.
This was followed by an intensive Q/A session where both the delegators patiently and elatedly answered.
Special Mention of IMT’s famous Alumnus, Mr. Nishant Singla, MD of Capital Connexions, who brought these two important personas in our campus and provided us with such an enriching experience.