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Robert Craw, Peter Sharp, Sue Curd, Robert Moore, and Hilary Collins

Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is intended for anyone who wants to learn about the effect the digital era is having on supply chains, customers and other stakeholders. No previous experience of studying supply chain management is required, but some basic knowledge of how businesses work would be beneficial. Find further information about OU registration, the assessment module and MBA in the entry requirements . If you are aiming to use your study of courses in the Digital Economy program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM871 Managing in the Digital Economy starts July 2020. Please ensure that you allow yourself enough time to obtain all four Certificates of Achievement from courses in the program before registering for the Assessment Course. Details of runs of the relevant FutureLearn courses in 2019 and 2020 are available here .

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Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is intended for anyone who wants to learn about the effect the digital era is having on supply chains, customers and other stakeholders. No previous experience of studying supply chain management is required, but some basic knowledge of how businesses work would be beneficial. Find further information about OU registration, the assessment module and MBA in the entry requirements . If you are aiming to use your study of courses in the Digital Economy program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM871 Managing in the Digital Economy starts July 2020. Please ensure that you allow yourself enough time to obtain all four Certificates of Achievement from courses in the program before registering for the Assessment Course. Details of runs of the relevant FutureLearn courses in 2019 and 2020 are available here .

Topics Covered

  • What supply chain management is and why it is important
  • The distinct processes that make up a digital supply chain
  • How risk is assessed in the digital supply chain
  • How organisations are using the supply chain to gain a competitive advantage
  • Competitive advantage in the digital supply chain
  • How supply chain management fits with the company’s strategy
  • The future of supply chain management

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Reviews summary

Digital scm: foundational & relevant for professionals

According to students, this course provides a comprehensive overview of effective supply chain management within the digital economy, making it an excellent foundation for career-focused individuals. Learners frequently praise its clear structure and engaging lectures, which simplify complex concepts and offer relevant insights into current industry trends. Specific strengths include modules on risk assessment, competitive advantage, and strategic alignment. While highly recommended for beginners, a few reviewers note that the course may lack depth for experienced professionals and could be enhanced with more practical, hands-on examples, as some digital aspects feel high-level.
Offers valuable insights applicable to professional roles.
"It was a great foundation for applying these principles in my current role."
"I gained so much practical insight that I could immediately apply. The course reinforced my understanding..."
"It's truly designed for working professionals who need to grasp these concepts quickly."
"This course significantly enhanced my understanding of how digital transformation impacts supply chains. The practical insights shared were invaluable for my professional development."
A well-structured introduction to digital supply chains.
"This course provided a truly comprehensive overview of supply chain management in the digital age. The content was highly relevant..."
"A solid introduction to digital supply chains... Overall, very well structured and easy to follow."
"I found this course to be an excellent starting point for understanding digital supply chain management."
"Excellent and relevant content. The course structure is logical, guiding you through the evolution and importance of digital supply chains."
Leans theoretical, could benefit from more case studies.
"It gives a good theoretical background but I was hoping for more case studies or hands-on examples."
"The lectures were informative but sometimes a bit dry. I felt the course could benefit from more interactive elements or real-world examples..."
"While largely theoretical, it does provide a solid mental model. It's a good starting point but doesn't replace deep industry experience..."
"I think more real-world examples would make it even stronger, but it's a very good start."
May be too basic for seasoned SCM professionals.
"While the course covers a wide range of topics... might be a bit basic for experienced SCM practitioners."
"Disappointed with the depth. While it introduces topics, it rarely dives deep. As someone with some background in SCM, I found much of it to be a review..."
"The 'digital economy' aspect felt more like an add-on than integrated throughout. I would have liked more advanced concepts..."
"It's a decent primer, but if you're already in the field, you might not find much new here."

Career center

Learners who complete The Digital Economy: Effective Supply Chain Management will develop knowledge and skills that may be useful to these careers:

Reading list

We've selected 50 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in The Digital Economy: Effective Supply Chain Management.
Widely recognized and comprehensive textbook covering the strategic, planning, and operational aspects of supply chain management. It is frequently used in academic settings and by professionals seeking a foundational and in-depth understanding. The book provides frameworks and analytical tools applicable to real-world problems, making it a valuable reference.
Focusing on the impact of digitization, this book examines how technology is transforming supply chains. It covers topics such as supply chain digitization strategies, agile supply chain design, and the integration of digital technologies. This is essential reading for understanding contemporary trends and future directions.
Addressing the impact of recent global disruptions, this book delves into how businesses and supply chains are being reshaped in the wake of events like the COVID-19 pandemic. It provides contemporary insights into building resilient and adaptable supply chains, making it highly relevant for understanding current challenges and future strategies.
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This recent publication provides a framework for building thriving supply chains, particularly in the context of post-pandemic disruptions. It offers insights into ensuring continuity of supply and explores the future of supply chain management, making it a valuable resource for understanding contemporary best practices.
This volume specifically addresses current and emerging topics in supply chain management, including the integration of advanced technologies like AI and blockchain, the impact of social media, and the application of green supply chain practices. It's highly relevant for understanding the cutting edge of the field.
Hubbard critically examines common shortcomings in traditional risk management approaches, particularly the lack of quantitative methods. is crucial for anyone looking to move beyond qualitative assessments and develop more accurate and effective risk analysis strategies. It provides practical insights and emphasizes the importance of measurement and empirical data.
In this highly acclaimed book, Richard Rumelt presents a clear and concise guide to developing effective strategies. He emphasizes the importance of clarity, focus, and alignment in creating strategies that can drive organizational success.
Another valuable book by Hubbard, this focuses on the crucial aspect of measurement, particularly for seemingly intangible concepts often encountered in risk assessment. It provides methods and a framework for quantifying uncertainty and risk, which is essential for effective risk management. is highly recommended for anyone looking to improve their quantitative risk analysis skills.
Focusing on transforming traditional supply chains into sources of competitive advantage, this book explores innovative approaches in sourcing and logistics. It's valuable for professionals looking to modernize their supply chain strategies and integrate new technologies and business models to enhance value.
Given the increasing importance of cybersecurity, this book provides a focused look at risk management within this domain, specifically utilizing the NIST Cybersecurity Framework. It's an essential read for anyone involved in IT or cybersecurity risk assessment and management, offering practical guidance and a clear framework.
Provides a comprehensive introduction to the theory and practice of risk science, covering fundamental concepts, principles, approaches, methods, and models for understanding, assessing, communicating, managing, and governing risk. It is well-suited for students at the university level and offers a solid foundation for anyone entering the field of risk assessment and management.
This comprehensive handbook covers a wide range of topics in financial risk management, including market, credit, operational, and liquidity risk. It is suitable for advanced students and practitioners in finance, offering a detailed exploration of both theoretical concepts and mathematical tools.
Applying the quantitative measurement principles from Hubbard's other work to the specific domain of cybersecurity risk, this book provides practical guidance on quantifying cybersecurity threats and vulnerabilities. It's essential for cybersecurity professionals looking to implement more rigorous risk assessment methods.
Offers extensive coverage of the core concepts and frameworks of risk management, making it an ideal companion for those new to the field or seeking to solidify their understanding. It provides a practical guide to implementing effective risk management processes within an organization. This book is often used as a textbook in academic and professional settings.
Offers a comprehensive introduction to logistics and supply chain management from a global perspective. It covers both practical and strategic aspects, with a focus on international trade, transport security, and sustainability. Case studies highlight practices in various global contexts.
This globally-focused book provides a comprehensive overview of supply chain management in the global context. It examines topics such as international trade, cultural differences, and global logistics, helping organizations navigate the complexities of international supply chains.
Focused specifically on operational risk within the financial services industry, this book provides a comprehensive guide to best practices. It is valuable for those specializing in financial risk, offering detailed insights into identifying, assessing, and managing operational risks. While industry-specific, the principles and frameworks discussed have broader applicability.
Provides a solid foundation in the essentials of risk management, covering various types of financial risks and the frameworks used to manage them. It's a widely recognized text in the financial industry and suitable for both students and professionals.
Provides a sweeping historical narrative of humanity's understanding and management of risk, from ancient times to the modern financial world. It's an excellent starting point for gaining a broad, foundational understanding of the evolution of risk assessment and its significance across various fields. While not a technical manual, it offers invaluable context and highlights the long-standing human endeavor to quantify and control uncertainty.
This comprehensive textbook delves into the strategic, operational, and analytical aspects of supply chain management. With a focus on supply chain performance and collaboration, it offers valuable insights for those seeking to improve their supply chain operations.
This practical handbook provides a step-by-step guide to developing and implementing a successful supply chain strategy. It covers topics such as supply chain design, performance measurement, and continuous improvement, addressing the needs of both practitioners and researchers.
Written as a business novel, this book introduces the Theory of Constraints (TOC) in a compelling narrative. It's considered a classic in operations management and is highly relevant to understanding bottleneck identification and process improvement within a supply chain. While not solely focused on strategy, its core concepts are fundamental to optimizing supply chain performance.
Focuses on practical best practices in supply chain management, offering insights and examples of successful strategies and implementations across various industries. It serves as a useful reference for professionals seeking to improve their supply chain operations.
Provides a solid understanding of the key components of operational risk management and how to implement an effective framework. It covers essential tools and techniques and includes case studies of major operational risk events, making it valuable for both students and professionals focusing on this area.
This textbook offers a balanced approach to supply chain management, covering both the foundational principles and strategic considerations. It's suitable for students and professionals looking for a well-rounded understanding of the field.
Offers a beginner-friendly introduction to supply chain management concepts. It's an excellent resource for those new to the field or seeking a basic understanding of how supply chains work, common challenges, and fundamental strategies. It covers the essentials in an accessible manner.
This accessible guide provides a clear and concise introduction to supply chain management. Perfect for beginners or those looking for a quick overview, it covers the basics of the field and its importance in modern business.
Taleb challenges conventional risk models by highlighting the significant impact of rare, unpredictable events he terms 'Black Swans'. is vital for those seeking to deepen their understanding of risk beyond standard statistical distributions and prepare for unforeseen, high-impact events. It encourages a more robust and less fragile approach to risk management.
Offers a more advanced perspective on effective risk management, providing insights and techniques for serious practitioners. It goes beyond the basics and delves into strategies for successful risk management implementation.
This influential book by W. Chan Kim and Renée Mauborgne introduces the concept of blue ocean strategy, which focuses on creating new market spaces and avoiding direct competition. It provides a framework for identifying and exploiting untapped opportunities.
While not a traditional supply chain strategy textbook, this book provides fascinating historical context on the impact of containerization on global trade and supply chains. It highlights the foundational logistical innovation that underpins modern supply chain networks and offers valuable perspective on their evolution.
This concise book offers a brief yet insightful overview of the concept of risk, its perception, and assessment. It's an excellent starting point for beginners or those looking for a quick, accessible introduction to the fundamental ideas behind risk.
Building on the ideas in 'The Black Swan,' Taleb introduces the concept of antifragility – the opposite of fragility. challenges traditional risk mitigation strategies and proposes building systems that benefit from volatility and uncertainty. It offers a more advanced and philosophical perspective on dealing with risk.
Explores the science of forecasting and how some individuals are consistently better at predicting future events. While not solely focused on risk, the ability to make accurate predictions critical component of effective risk assessment. It offers valuable insights into improving judgment and reducing uncertainty in estimations.
This specialized book addresses the growing importance of supply chain risk management in the face of increasing global interconnectedness. It explores strategies and techniques for assessing and mitigating risks, helping organizations ensure supply chain continuity and resilience.
This marketing classic by Al Ries and Jack Trout emphasizes the importance of creating a clear and unique position for a brand in the minds of consumers. It provides practical advice on developing and implementing effective positioning strategies.
This practical guide by Gabriel Weinberg and Justin Mares provides a step-by-step framework for startups to acquire their first customers. It emphasizes the importance of testing different channels and tactics and iterating based on results.
This insightful book by Noam Wasserman explores the challenges faced by startup founders, particularly the tension between creating a vision and managing the day-to-day operations of the business. It provides practical advice on how to navigate these challenges and increase the chances of success.
This academic but highly readable book provides a rigorous framework for understanding and implementing strategy. It draws on game theory and other analytical tools to help readers develop a deep understanding of strategic thinking.

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