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Supply Chain Fundamentals

Supply Chain Management,

This Supply Chain Fundamentals course is part of the MITx MicroMasters Credential in Supply Chain Management, offered by #1 ranked SCM Master's program at the Massachusetts Institute of Technology.

The CTL.SC1x Supply Chain Fundamentals course provides the foundational skills for supply chain management and logistics. You will learn how to develop and apply analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. We place a strong emphasis on the development and use of fundamental mathematical models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations.

The main topic areas we will focus on this course are:

Demand Forecasting, Planning, and Management

Inventory Planning, Management, and Control

Transportation Planning, Management, and Execution

While our main objective is to develop and use models to help us analyze these situations, we will make heavy use of examples from industry to provide illustrations of the concepts in practice. This is neither a purely theoretical nor a case study course, but rather an applied analytical course that addresses real problems found in practice.

What you'll learn

  • High School level algebra and basic mathematical manipulation.
  • Familiarity with undergraduate probability, statistics, and calculus.
  • Demand Forecasting, Planning, and Management
  • Inventory Planning, Management, and Control
  • Transportation Planning, Management, and Execution
  • Incorporate and manage uncertainty and risk within supply chain management
  • Segment different customers, products, and channels and design an optimal portfolio of logistics approaches and strategies for these various segments
  • Identify, design, and implement the appropriate forecasting methodology for each segment
  • Identify, design, and implement the appropriate inventory replenishment policy for each segment
  • Select the optimal transportation routing and modal choice for each segment

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Rating Not enough ratings
Length 13 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $299
From Massachusetts Institute of Technology, MITx via edX
Instructors Dr. Chris Caplice, Chris Caplice
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

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Rating Not enough ratings
Length 13 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $299
From Massachusetts Institute of Technology, MITx via edX
Instructors Dr. Chris Caplice, Chris Caplice
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

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