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Course Summary

  • Provides a strategic, industrial, organizational and decision-making framework for the in supply chain management. By using in-depth knowledge from the fields of operations management, operations research and economics, valuable insight may be given for complex, integrated real-life problems.

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Course Contents

  •   Module 1: Understanding the Supply Chain

    • Discuss the goal of a supply chain and explain the impact of supply chain decisions on the success of a firm.
    • Identify the three key supply chain decision phases and explain the significance of each one.
    • Describe the cycle and push/pull views of a supply chain.
    • Classify the supply chain macro processes in a firm.

     

    Module 2: Supply Chain Performance: Achieving Strategic Fit and Scope

    • Explain why achieving strategic fit is critical to a company's overall success.
    • Describe how a company achieves strategic fit between its supply chain strategy and its competitive strategy.
    • Discuss the importance of expanding the scope of strategic fit across the supply chain.
    • Describe the major challenges that must be overcome to manage a supply chain successfully.

     

    Module 3: Supply Chain Drivers and Metrics

    • Describe key financial measures of firm performance.
    • Identify the major drivers of supply chain performance.
    • Discuss the role of each driver in creating strategic fit between the supply chain strategy and the competitive strategy.
    • Define the key metrics that track the performance of the supply chain in terms of each driver.

     

    Module 4: Designing Distribution Networks and Applications to Online Sales

    • Identify the key factors to be considered when designing a distribution network
    • Discuss the strengths and weaknesses of various distribution options
    • Understand how online sales have affected the design of distribution networks in different industries

     

    Module 5: Network Design in the Supply Chain

    • Understand the role of network design in a supply chain.
    • Identify factors influencing supply chain network design decisions.
    • Develop a framework for making network design decisions.
    • Use optimization for facility location and capacity allocation decisions.

     

    Module 6: Designing Global Supply Chain Networks

    • Identify factors that need to be included in total cost when making global sourcing decisions.
    • Define uncertainties that are particularly relevant when designing global supply chains.
    • Explain different strategies that may be used to mitigate risk in global supply chains.
    • Understand decision tree methodologies used to evaluate supply chain design decisions under uncertainty.

     

    Module 7: Demand Forecasting in a Supply Chain

    • Understand the role of forecasting for both an enterprise and a supply chain.
    • Identify the components of a demand forecast.
    • Forecast demand in a supply chain given historical demand data using time-series methodologies.
    • Analyze demand forecasts to estimate forecast error

     

    Module 8: Aggregate Planning in a Supply Chain

    • Identify the decisions that are best solved by aggregate planning.
    • Understand the importance of aggregate planning as a supply chain activity.
    • Describe the information needed to produce an aggregate plan.
    • Explain the basic trade-offs to consider when creating an aggregate plan.
    • Formulate and solve basic aggregate planning problems using Microsoft Excel.

     

    Module 9: Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

    • Manage supply to improve synchronization in a supply chain in the face of predictable variability.
    • Manage demand to improve synchronization in a supply chain in the face of predictable variability.
    • Use sales and operations planning to maximize profitability when faced with predictable variability in a supply chain.

     

    Module 10: Coordination in a Supply Chain

    • Describe supply chain coordination and the bullwhip effect, and their impact on supply chain performance.
    • Identify obstacles to coordination in a supply chain.
    • Discuss managerial levers that help achieve coordination in a supply chain.
    • Understand the different forms of collaborative planning, forecasting, and replenishment possible in a supply chain.

     

    Module 11: Managing Economies of Scale in a Supply Chain: Cycle Inventory

    • Balance the appropriate costs to choose the optimal lot size and cycle inventory in a supply chain.
    • Understand the impact of quantity discounts on lot size and cycle inventory.
    • Devise appropriate discounting schemes for a supply chain.
    • Understand the impact of trade promotions on lot size and cycle inventory.
    • Identify managerial levers that reduce lot size and cycle inventory in a supply chain without increasing cost.

     

    Module 12: Managing Uncertainty in a Supply Chain: Safety Inventory

    • Understand the role of safety inventory in a supply chain
    • Identify factors that influence the required level of safety inventory
    • Describe different measures of product availability
    • Utilize managerial levers available to lower safety inventory and improve product availability

     

    Module 13:  Determining the Optimal Level of Product Availability

    • Identify the factors affecting the optimal level of product availability and evaluate the optimal cycle service level
    • Use managerial levers that improve supply chain profitability through optimal service levels
    • Understand conditions under which postponement is valuable in a supply chain
    • Allocate limited supply capacity among multiple products to maximize expected profits

     

    Module 14: Transportation in a Supply Chain

    • Understand the role of transportation in a supply chain
    • Evaluate the strengths and weaknesses of different modes of transportation
    • Discuss the role of infrastructure and policies in transportation
    • Identify the relative strengths and weaknesses of various transportation network design options
    • Identify trade-offs that shippers need to consider when designing a transportation network

     

    Module 15: Sourcing Decisions in a Supply Chain

    • Understand the role of sourcing in a supply chain
    • Discuss factors that affect the decision to outsource a supply chain function
    • Identify dimensions of supplier performance that affect total cost
    • Structure successful auctions and negotiations
    • Describe the impact of risk sharing on supplier performance and information distortion
    • Design a tailored supplier portfolio

     

    Module 16: Pricing and Revenue Management in a Supply Chain

    • Understand the role of revenue management in a supply chain
    • Identify conditions under which revenue management tactics can be effective
    • Describe trade-offs that must be considered when making revenue management decisions

     

    Module 17: Information Technology in a Supply Chain

    • Understand the importance of information and information technology in a supply chain
    • Know at a high level how each supply chain driver uses information
    • Understand the major applications of supply chain information technology and the processes that they enable

     

         Module 18: Sustainability in a Supply Chain

    • Understand the importance of sustainability in a supply chain
    • Discuss the challenge to sustainability posed by the tragedy of the commons
    • Describe key metrics that can be used to measure sustainability for a supply chain
    • Identify opportunities for improved sustainability in various supply chain drivers

     

    Course Outcome

    Supply Chain Management involves the flows of materials and information among all of the firms that contribute value to a product, from the source of raw materials to end customers. We will integrate issues from finance (investments in productive assets), marketing (channels of distribution), logistics, and operations management to develop a broad understanding of a supply chain. By taking a strategic perspective, we will focus on relatively long term decisions involving the investment in productive resources, configuration of processes, product designs, and development of partnerships with suppliers and channels of distribution

     

    Who Needs the Course

    Manufacturing, Logistics and supply chain professionals and others who want to understand the supply chain and seeking employment in this domain.

     

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