subject

Get started with custom lists to organize and share courses.

Sign up

Supply Chain Management

Design and optimize the flow of a supply chain

Earn a Certificate

  • XSeries via edX and Massachusetts Institute of Technology
  • $250 for 5-6 months
  • 8-10 hours a week of effort
0 Reviews
Rating based on 0 student reviews.

Learn More

Title
Supply Chain Management
Rating
☆☆☆☆☆ (0 Reviews)
Overview
Learn how to design and optimize the physical, financial, and information flows of a supply chain to enhance business performance.
Credential Type
Provider
Cost
$250
Effort
8-10 hours a week
Duration
5-6 months

XSeries Program Overview

This XSeries consists of three courses that enable students to learn and practice the art and science of supply chain management. The component courses build from fundamental concepts to advanced design and finally to strategic decision making. It is ideal preparation for anyone interested in succeeding in a career in logistics, operations, or supply chain management within any large global firm or organization.

What You'll Learn

  • How to make trade-offs between cost and service for both the design and operation of supply chains using total cost equations
  • Fundamentals of demand planning from forecasting to Sales & Operations Planning
  • How supply chain strategies align to overall organizational strategy
  • How supply chain activities translate into financial terms that the C-level suite understands
★★★★★ (1) 9 weeks 24th Jul, 2019
<p>Supply Chains are complex systems involving multiple firms and organizations with different goals and objectives. Additionally, there are external forces and trends that can impact (positively or negatively) a supply chain&rsquo;s efficiency and effectiveness. Understanding the dynamics and risks within supply chains, both large and small, is key to being a successful supply chain professional.</p> <p>This course builds on the fundamental models introduced in SC1x and the design trade-offs covered in SC2x. It is essentially a capstone in understanding how to successfully model, design, and manage a supply chain in any industry. We will divide the course into three sections.</p> <p>First, we will introduce the field of System Dynamics. Developed at MIT, system dynamics is an approach that examines and models complex systems that feature interacting, non-linear, and dynamic elements. The objective is to better understand the underlying features of a complex system and to recommend policies and other actions to improve overall performance.</p> <p>Second, we will explore the concepts of supply chain risk. Supply chains are subject to a wide number of potential disruptions &ndash; from both within and outside of the supply chain. Students will understand how supply chains can be better designed and managed to not only mitigate the downside of supply chain disruption but also to leverage and capture any upside.</p> <p>Finally, the students will engage in a series of more extended case studies and simulations that demonstrate these complex relationships. Actual case studies and examples from companies will be used to help students better prepare for actual situations.<br /><br /><strong>This course is part of a MicroMasters program.</strong></p>
★★★★★ (3) 12 weeks 23rd Oct, 2019
<p>This Supply Chain Design course is part of the <a href="https://www.edx.org/mitx-micromasters-credential-supply">MITx MicroMasters Credential in Supply Chain Management</a>, offered by #1 ranked SCM Master's program at the Massachusetts Institute of Technology.</p> <p>CTL.SC2x Supply Chain Design covers all aspects involved in the design of supply chains for companies and organizations anywhere in the world. The course is divided into four main topic areas: Physical flow design, Supply chain finance, Information flow design, and Organization/Process design. In the design of physical flows, we show how to formulate and solve Transportation, Transshipment, Facility Location, and Network Design Problems. For financial flows we show how to translate supply chain concepts and actions into the language of the Chief Financial Officer (CFO) of a company. We cover Activity Based Costing, Working Capital, the Cash-to-Cash cycle and Discounted Cash Flow Analysis. The design of the information flow section describes how firms communicate with suppliers (procurement, risk contracts), internal resources (production planning, bills of materials, material requirements planning), and customers (Sales &amp; Operations Planning and other collaboration based processes). In the last section, we introduce performance metric design and organizational design within the supply chain organization focusing mainly on the centralize/decentralize decision.</p> <p>The main topic areas we will focus on in this course are:</p> <ul> <li>Supply Chain Network Design</li> <li>Supply Chain Finance</li> <li>Supplier Management</li> <li>Production and Demand Planning</li> <li>Process and Organizational Design</li> </ul> <p>This course is indispensable if you’re considering a supply chain management career and, specifically, the positions of <strong>Supply Chain Analyst</strong>, <strong>Operations Manager</strong>, or <strong>Logistics Coordinator</strong>.</p> <p><strong>MITx MicroMasters Credential in Supply Chain Management</strong></p> <p>The MITx MicroMasters Credential in Supply Chain Management is specifically designed and administered by MIT’s Center for Transportation &amp; Logistics (CTL) to teach the critical skills needed to be successful in this exciting and growing field. In addition to being a standalone certificate demonstrating expertise in the field, students who complete all of the required courses and the final proctored exam will be qualified to apply to gain credit at MIT for the blended graduate master's degree program. In order to qualify for the MITx MicroMasters Credential in Supply Chain Management you need to earn a Verified Certificate in all of the required courses. When you register for a Verified Certificate you will also be granted access to additional practice problems, supplemental readings, and opportunities for increased interaction with the faculty and teaching staff.</p> <p>To learn more about the MITx MicroMasters Credential in Supply Chain Management, please visit <a href="http://scm.mit.edu/micromasters">http://scm.mit.edu/micromasters</a></p> <p><em>MITx requires individuals who enroll in its courses on edX to abide by the terms of the edX honor code. MITx will take appropriate corrective action in response to violations of the edX honor code, which may include dismissal from the MITx course; revocation of any certificates received for the MITx course; or other remedies as circumstances warrant. No refunds will be issued in the case of corrective action for such violations.</em></p>
0 ratings
5
0
4
0
3
0
2
0
1
0
0 reviews
@

Supply Chain Management

Receive email notifications about this credential.
Follow Supply Chain Management

Class Central

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free

Never stop learning Never Stop Learning!

Get personalized course recommendations, track subjects and courses with reminders, and more.