Massachusetts Institute of Technology is pleased to offer a Free Online Course on Supply Chain Dynamics. In this course, students will gain knowledge of how to manage and harness the dynamics and interactions between firms and entities within a supply chain – part of the MITx Supply Chain Management MicroMasters Credential.
Online Course Supply Chain Dynamics review
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. You will understand the dynamics and risks within supply chains, both large and small, is key to being a successful supply chain professional.
Course At a Glance (Supply Chain Dynamics Free)
Length: 13 weeks
Effort: 8-12 hours pw
Subject: Business & Management
Institution: Massachusetts Institute of Technology
Certificate Available: Yes, Add a Verified Certificate for $200USD
Session: Start on January 12, 2022
Massachusetts Institute of Technology is a coeducational, privately endowed research university. It is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.
About This Course (Supply Chain Dynamics Free)
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. They will divide the course into three sections.
First, they 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, they 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.
Supply chain risk management
Supply Chain Dynamics
End to End Supply Chain Management
Instructors (Supply Chain Dynamics Free)
Caplice has been teaching logistics and supply chain management at MIT for over a decade. He is also responsible for the planning and management of the research, education, and corporate outreach programs for the MIT Center for Transportation & Logistics as well as MIT’s Global SCALE Network.
Arntzen is the Executive Director, MIT Supply Chain Management Program where he oversees the SCM curriculum, student admissions, faculty selection, and student job placement.
Sheffi is a former director of MIT’s Engineering Systems Division and holds a dual appointment at the Department of Civil and Environmental Engineering and at the Engineering Systems Division.
What is Supply Chain Management?
Supply Chain Management (SCM) is the end-to-end transportation management of goods and services on their path from origin to consumer.
SCM seeks to optimize forecasting, inventory and transportation to maximize efficiency, reduce cost, understand the flow of goods, and align supply chain networks.
Supply Chain Management Jobs (Supply Chain Dynamics Free)
The Fortune and Materials Handling Institute estimates SCM positions to grow at nearly 270,000 per year and a recent search for “supply management”.
However, most Companies worldwide need manufacturing and supply chain logistics expertise and the demand for logistics analysts.
This will further show more sourcing specialists, global supply analysts, purchasing managers and supply chain managers is expected to grow.
Also, Companies are also looking for individuals who can have good supplier relationships, understand risk management and have strong supply chain strategies.
Although, some businesses want to have a competitive advantage, having your supply chain activities and management skills at top notch is necessary.
How To Join This Course
Go to the course website link
Create an edX account to SignUp
Choose “Register Now” to get started.
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Online Free Course on Supply Chain Dynamics –
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Many different analytical methods and techniques are used by researchers and practitioners alike to better design and manage their supply chains.
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This Supply Chain Fundamentals course is part of the MITx MicroMasters Credential in Supply Chain Management. Now offered by #1 ranked SCM Master’s program at the Massachusetts Institute.
Why Choose This Course:
- 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
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