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Supply Chain Dynamics

Supply Chain Management,

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’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.

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.

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.

Second, we will explore the concepts of supply chain risk. Supply chains are subject to a wide number of potential disruptions – 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.

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.

This course is part of a MicroMasters program. If you complete all courses in the MicroMasters program in 2018, GE will guarantee you an interview in Boston for an internship or full-time role. Open to Massachusetts residents only.

What you'll learn

  • Supply chain risk management
  • Supply Chain Dynamics
  • End to End Supply Chain Management

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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, Yossi Sheffi, Bruce Arntzen, Chris Caplice, Alexis Bateman
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Supply Warehouse Specialist $49k

Supply Sergeant 2 $52k

Supply Specialist 3 $54k

Power Supply technician $65k

Merchandiser - Major Chains $65k

Supply Technician 4 $71k

Analyst, supply and distribution optimization, Supply Chain $78k

Supply and Distribution Scheduler $89k

Cyber-Attack and Global Supply Chains Security Project, Team Member $110k

SAP Supply Chain $125k

Supply Assurance Leader $140k

Analyst - Supply Chain $149k

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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, Yossi Sheffi, Bruce Arntzen, Chris Caplice, Alexis Bateman
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

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