Supply Chains for Manufacturing
Inventory Analytics
A supply chain entails two or more parties that are linked together by material, information and money flows. The management of a supply chain attempts to coordinate the activities of the parties so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements.
As part of the Principles of Manufacturing MicroMasters program, this course will expose learners to concepts and models important in supply chain and manufacturing system planning,so that you canbettercoordinatevarious resources and assets to optimize the delivery of goods, with an emphasis on key tradeoffs and phenomena. There will be a particular emphasis on how to cope with variability as it arises across a supply chain. The course will introduce a set of operational tactics for dealing with supply chain variability, including:
Risk pooling
Inventory placement
Integrated planning and collaboration
Information sharing
Delayed differentation
Dual sourcing
Smoothing
Lectures, computer exercises, and case discussions introduce various models and methods for supply chain analysis and optimization.
Develop the engineering and management skills needed for competence and competitiveness in today’s manufacturing industry with the Principles of Manufacturing MicroMasters Credential, designed and delivered by MIT's #1-ranked Mechanical Engineering departmentin the world. Learners who pass the 8 courses in the program earn the MicroMasters Credential and qualify to apply to gain credit for MIT’s Master of Engineering in Advanced Manufacturing & Design program.
What you'll learn
- Concepts and models for effective supply chain and manufacturing system planning
- Operational tactics for managing variability
- Integrated planning and collaboration
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Rating | Not enough ratings |
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Length | 9 weeks |
Effort | 9 weeks, 10–12 hours per week |
Starts | On Demand (Start anytime) |
Cost | $175 |
From | Massachusetts Institute of Technology, MITx via edX |
Instructors | Stephen Graves, Sean Willems |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Data Science |
Tags | Business & Management Data Analysis & Statistics Engineering |
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Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Supply Chain/ Logistics $64k
Supply Chain Analysis $68k
Supply Chain Analyst, Supply Chain Development Program $80k
Supply Chain Scheduler $87k
Supply Chain 1 $88k
Supply Chain Accountant $92k
Supply Chain Planner 4 $105k
Supply Chain Dev $105k
Supply Chain 3 $120k
Regional Supply Chain $121k
Supply Chain Advisory $129k
Supply Chain Specialist, Nuclear Supply Chain Manager $130k
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Rating | Not enough ratings |
---|---|
Length | 9 weeks |
Effort | 9 weeks, 10–12 hours per week |
Starts | On Demand (Start anytime) |
Cost | $175 |
From | Massachusetts Institute of Technology, MITx via edX |
Instructors | Stephen Graves, Sean Willems |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Data Science |
Tags | Business & Management Data Analysis & Statistics Engineering |
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