Supply Chain Fundamentals: Understanding the Basics
Discover the fundamentals of supply chain management with this comprehensive course. Learn to forecast demand, understand manufacturing strategies, create a production plan, and manage inventory. With 24 instructor-led and independent exercises, 40 quiz questions and solutions, and a summary of manufacturing planning and control, you'll gain the skills to meet customer expectations and ensure supply chain sustainability. ▼
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Course Feature
Cost:
Paid
Provider:
Udemy
Certificate:
No Information
Language:
English
Start Date:
Self Paced
Course Overview
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Updated in [June 30th, 2023]
This course provides an overview of the fundamentals of supply chain management. It covers topics such as demand and the types of demand, forecasting techniques, manufacturing strategies, product life cycle, production planning, master production schedule, material requirements planning, capacity requirements planning, production activity control, inventory management, customer service, and supply chain sustainability. Through 24 instructor-led and independent exercises and solutions, 40 quiz questions and solutions, and other activities, students will gain an understanding of the concepts and techniques used in supply chain management. They will learn to spot different patterns of demand, forecast demand using various forecasting techniques, understand forecast error and how to deal with it, understand the product life cycle and how it influences the manufacturing strategy, create a master production schedule, understand projected available balance, understand available-to-promise and its relationship to making commitments to customers, understand manufacturing lead-time, understand MRP logic and the use of lead-time offsetting and exploding, understand capacity requirements planning, calculate available capacity, available time, utilization and efficiency, calculate rated capacity, understand customer service and safety stock, understand inventory carrying costs and ordering costs and their relationship, understand the economic order quantity, understand ABC analysis and Pareto's law, and understand supply chain sustainability.
[Applications]
Upon completion of this course, participants will have a comprehensive understanding of the fundamentals of supply chain management. They will be able to apply the knowledge gained to develop and implement effective supply chain strategies. They will be able to identify and analyze demand patterns, forecast demand, develop production plans, create master production schedules, use material requirements planning, and manage inventory. They will also be able to understand customer expectations and develop strategies for supply chain sustainability.
[Career Paths]
One job position path that is recommended to learners of this course is a Supply Chain Manager. Supply Chain Managers are responsible for overseeing the entire supply chain process, from the procurement of raw materials to the delivery of finished products. They must ensure that the supply chain is efficient, cost-effective, and meets customer expectations. They must also ensure that the supply chain is sustainable and compliant with environmental regulations.
The development trend for Supply Chain Managers is to become more data-driven and analytical. They must be able to analyze data to identify areas of improvement and develop strategies to optimize the supply chain. They must also be able to use technology to automate processes and improve efficiency. Additionally, they must be able to develop and implement strategies to reduce costs and increase customer satisfaction.
[Education Paths]
The recommended educational path for learners of Supply Chain Fundamentals: Understanding the Basics is a Bachelor's degree in Supply Chain Management. This degree program typically includes courses in logistics, operations management, supply chain analytics, and supply chain strategy. Students will learn about the fundamentals of supply chain management, including demand forecasting, production planning, material requirements planning, production activity control, inventory management, customer service, and sustainability. They will also gain an understanding of the different manufacturing strategies and processes, as well as the product life cycle and its influence on the supply chain. Additionally, students will learn about the different forecasting techniques, resource requirements planning, master production scheduling, and capacity requirements planning.
The development trend of supply chain management is towards increased automation and data-driven decision making. As technology advances, supply chain managers are increasingly relying on data-driven analytics to make decisions about production, inventory, and customer service. Additionally, the use of artificial intelligence and machine learning is becoming more common in supply chain management, allowing for more efficient and accurate decision making. Finally, the use of blockchain technology is becoming more prevalent in supply chain management, allowing for greater transparency and traceability of goods and services.
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