This course is designed to provide you with a comprehensive understanding of the supply chain's significant impact on a company's financial performance and how utilizing data and optimization techniques can drive cost savings and strategic decision-making in today’s turbulent business environment.
Read more
This course is designed to provide you with a comprehensive understanding of the supply chain's significant impact on a company's financial performance and how utilizing data and optimization techniques can drive cost savings and strategic decision-making in today’s turbulent business environment.
This course is designed to provide you with a comprehensive understanding of the supply chain's significant impact on a company's financial performance and how utilizing data and optimization techniques can drive cost savings and strategic decision-making in today’s turbulent business environment.
Our course has three main goals:
• First, you will learn how supply chain management serves as a powerful lever for cost savings through effective management of products and services flows, information flows, and financial flows. You will learn optimization techniques to facilitate strategic decision-making to manage these flows along the entire supply chain.
• Second, the course explores how supply chains can mitigate risks of today’s turbulent times through operational flexibility and aligning incentives between supply chain partners. You will learn how to develop collaborative and global strategies which benefit the entire supply chain.
• Finally, the course highlights the potential of new technologies for supply chain management. Here we are also in an age of turbulence, with advancements in computing power and communication speed rapidly yielding new and innovative technological solutions.
With the foundational understanding of the supply chain and its potential for optimization, you will be equipped to creatively adopt new technologies in your own supply chain.
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Syllabus
Course Introduction
Introduction and Supply Chain Strategy
Supply Chain Drivers, Planning and Coordination
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Syllabus
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Activities
Review basic concepts of operations management
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Refreshing your knowledge of operations management will strengthen your foundation for understanding the role of supply chain management in optimizing business performance.
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Operations Management
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Review textbooks or online resources on operations management.
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Identify key concepts such as process analysis, capacity planning, and quality control.
Attend industry conferences or meetups
Show steps
Networking events are a valuable opportunity to connect with professionals in the supply chain field, learn about industry trends, and expand your knowledge.
Show steps
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Identify relevant industry conferences or meetups.
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Register for the event and prepare materials to introduce yourself and your interests.
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Attend the event, actively participate in discussions, and make connections with others.
Assist other students in understanding supply chain concepts
Show steps
Mentoring others can reinforce your understanding of supply chain concepts and develop your communication and leadership skills.
Show steps
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Join a study group or tutoring program.
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Identify areas where you can assist others with their understanding.
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Prepare materials or activities to support your mentoring sessions.
Five other activities
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Explore emerging supply chain technologies
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Following tutorials on emerging technologies will expose you to the latest advancements in the field, providing hands-on experience with tools that can drive innovation in your supply chain.
Show steps
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Identify a specific emerging technology that aligns with your supply chain goals.
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Locate reputable tutorials or online courses on the technology.
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Follow the tutorials and complete the exercises provided.
Solve supply chain optimization problems
Show steps
Solving practice problems will reinforce your understanding of the optimization techniques covered in the course, enabling you to apply them effectively in real-world supply chain scenarios.
Browse courses on
Supply Chain Optimization
Show steps
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Identify a problem that requires optimization in a supply chain context.
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Select an appropriate optimization technique based on the problem's characteristics.
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Implement the optimization technique and analyze the results.
Simulate supply chain scenarios
Show steps
Simulations will enhance your ability to analyze supply chain data, make decisions, and respond effectively to disruptions or changes in demand.
Browse courses on
Scenario Planning
Show steps
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Identify appropriate simulation software or platforms.
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Develop a model based on your supply chain data.
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Run simulations and analyze the results.
Develop a supply chain risk mitigation plan
Show steps
Creating a risk mitigation plan will help you apply the principles of supply chain resilience learned in the course to identify and mitigate potential risks in your own supply chain.
Browse courses on
Supply Chain Risk Management
Show steps
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Identify potential risks to your supply chain.
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Assess the likelihood and impact of each risk.
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Develop strategies to mitigate each risk.
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Create a plan for implementing and monitoring the risk mitigation strategies.
Conduct a supply chain cost analysis
Show steps
Performing a cost analysis will help you apply the techniques learned in the course to identify inefficiencies and opportunities for cost savings in your supply chain.
Browse courses on
Cost Optimization
Show steps
-
Gather data on supply chain costs.
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Identify areas where costs are high.
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Analyze the data and develop recommendations for cost reduction.
Review basic concepts of operations management
Show steps
Refreshing your knowledge of operations management will strengthen your foundation for understanding the role of supply chain management in optimizing business performance.
Browse courses on
Operations Management
Show steps
- Review textbooks or online resources on operations management.
- Identify key concepts such as process analysis, capacity planning, and quality control.
Attend industry conferences or meetups
Show steps
Networking events are a valuable opportunity to connect with professionals in the supply chain field, learn about industry trends, and expand your knowledge.
Show steps
- Identify relevant industry conferences or meetups.
- Register for the event and prepare materials to introduce yourself and your interests.
- Attend the event, actively participate in discussions, and make connections with others.
Assist other students in understanding supply chain concepts
Show steps
Mentoring others can reinforce your understanding of supply chain concepts and develop your communication and leadership skills.
Show steps
- Join a study group or tutoring program.
- Identify areas where you can assist others with their understanding.
- Prepare materials or activities to support your mentoring sessions.
Explore emerging supply chain technologies
Show steps
Following tutorials on emerging technologies will expose you to the latest advancements in the field, providing hands-on experience with tools that can drive innovation in your supply chain.
Show steps
- Identify a specific emerging technology that aligns with your supply chain goals.
- Locate reputable tutorials or online courses on the technology.
- Follow the tutorials and complete the exercises provided.
Solve supply chain optimization problems
Show steps
Solving practice problems will reinforce your understanding of the optimization techniques covered in the course, enabling you to apply them effectively in real-world supply chain scenarios.
Browse courses on
Supply Chain Optimization
Show steps
- Identify a problem that requires optimization in a supply chain context.
- Select an appropriate optimization technique based on the problem's characteristics.
- Implement the optimization technique and analyze the results.
Simulate supply chain scenarios
Show steps
Simulations will enhance your ability to analyze supply chain data, make decisions, and respond effectively to disruptions or changes in demand.
Browse courses on
Scenario Planning
Show steps
- Identify appropriate simulation software or platforms.
- Develop a model based on your supply chain data.
- Run simulations and analyze the results.
Develop a supply chain risk mitigation plan
Show steps
Creating a risk mitigation plan will help you apply the principles of supply chain resilience learned in the course to identify and mitigate potential risks in your own supply chain.
Browse courses on
Supply Chain Risk Management
Show steps
- Identify potential risks to your supply chain.
- Assess the likelihood and impact of each risk.
- Develop strategies to mitigate each risk.
- Create a plan for implementing and monitoring the risk mitigation strategies.
Conduct a supply chain cost analysis
Show steps
Performing a cost analysis will help you apply the techniques learned in the course to identify inefficiencies and opportunities for cost savings in your supply chain.
Browse courses on
Cost Optimization
Show steps
- Gather data on supply chain costs.
- Identify areas where costs are high.
- Analyze the data and develop recommendations for cost reduction.
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