Supply Chain Dynamics
Supply Chains are intricate systems that involve multiple firms and organizations with varying objectives. External forces and trends can have a significant impact on the efficiency and effectiveness of a supply chain. This course provides an overview of the dynamics of supply chains and how to manage them. ▼
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Course Feature
Cost:
Free
Provider:
Edx
Certificate:
Paid Certification
Language:
English
Start Date:
27th Mar, 2024
Course Overview
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Updated in [March 06th, 2023]
This course, Supply Chain Dynamics, provides an overview of the complexities of supply chains and how to successfully model, design, and manage them. It covers the field of System Dynamics, which examines and models complex systems that feature interacting, non-linear, and dynamic elements. Additionally, the course explores the concepts of supply chain risk and how to design and manage supply chains to mitigate the downside of supply chain disruption and leverage any upside. Through case studies and simulations, students will gain a better understanding of the complexities of supply chains and how to successfully manage them. This course is part of a MicroMasters program.
[Applications]
Upon completion of this course, students will have a better understanding of the dynamics and risks within supply chains, both large and small. They will be able to apply the concepts of System Dynamics to model and design supply chains, as well as understand how to manage supply chain risk. Additionally, they will be able to apply the knowledge gained from the case studies and simulations to real-world scenarios.
[Career Paths]
1. Supply Chain Manager: Supply Chain Managers are responsible for overseeing the entire supply chain process, from procurement to delivery. They must be able to identify and manage risks, optimize processes, and ensure that the supply chain is running efficiently and cost-effectively. As the demand for global supply chains increases, the need for Supply Chain Managers with the ability to manage complex systems and processes is also increasing.
2. Logistics Analyst: Logistics Analysts are responsible for analyzing and optimizing the flow of goods and services within a supply chain. They must be able to identify and analyze trends, develop strategies to improve efficiency, and ensure that the supply chain is running smoothly. With the increasing complexity of global supply chains, the need for Logistics Analysts with the ability to analyze and optimize supply chain processes is also increasing.
3. Supply Chain Consultant: Supply Chain Consultants are responsible for providing advice and guidance to organizations on how to improve their supply chain processes. They must be able to identify and analyze trends, develop strategies to improve efficiency, and ensure that the supply chain is running smoothly. As the demand for global supply chains increases, the need for Supply Chain Consultants with the ability to provide expert advice and guidance is also increasing.
4. Supply Chain Analyst: Supply Chain Analysts are responsible for analyzing and optimizing the flow of goods and services within a supply chain. They must be able to identify and analyze trends, develop strategies to improve efficiency, and ensure that the supply chain is running smoothly. With the increasing complexity of global supply chains, the need for Supply Chain Analysts with the ability to analyze and optimize supply chain processes is also increasing.
[Education Paths]
1. Bachelor's Degree in Supply Chain Management: A Bachelor's Degree in Supply Chain Management is a great way to gain a comprehensive understanding of the principles and practices of supply chain management. This degree program will cover topics such as logistics, operations, procurement, and inventory management. Additionally, students will learn about the latest trends in supply chain management, such as digital transformation, sustainability, and analytics.
2. Master's Degree in Logistics and Supply Chain Management: A Master's Degree in Logistics and Supply Chain Management is a great way to gain a deeper understanding of the principles and practices of supply chain management. This degree program will cover topics such as logistics, operations, procurement, and inventory management. Additionally, students will learn about the latest trends in supply chain management, such as digital transformation, sustainability, and analytics.
3. MBA in Supply Chain Management: An MBA in Supply Chain Management is a great way to gain a comprehensive understanding of the principles and practices of supply chain management. This degree program will cover topics such as logistics, operations, procurement, and inventory management. Additionally, students will learn about the latest trends in supply chain management, such as digital transformation, sustainability, and analytics.
4. Doctorate in Supply Chain Management: A Doctorate in Supply Chain Management is a great way to gain a comprehensive understanding of the principles and practices of supply chain management. This degree program will cover topics such as logistics, operations, procurement, and inventory management. Additionally, students will learn about the latest trends in supply chain management, such as digital transformation, sustainability, and analytics. Students will also gain an understanding of the latest research and development in the field of supply chain management.
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