Supply Chain Management: A Decision-Making Framework
This course provides a comprehensive framework for making effective supply chain decisions. It takes a holistic approach, examining all aspects of the business to ensure the best possible outcome. Participants will gain the skills to make informed decisions that will benefit their business. ▼
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Course Feature
Cost:
Free
Provider:
Edx
Certificate:
Paid Certification
Language:
English
Start Date:
Self paced
Course Overview
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Updated in [March 06th, 2023]
This course provides an overview of Supply Chain Management and its decision-making framework. Participants will learn how to make effective supply chain decisions that take into consideration all aspects of their business. The course will cover key questions to decide on such as manufacturing organization, late differentiation, location, and distribution networks. Additionally, objectives relevant to the business such as cost, speed, flexibility, and reliability will be discussed.
The course will also cover questions such as should you locate a process in a given country and should you centralize your distribution. These decisions have an impact on HR costs, working capital, product availability, and carbon emission. By the end of the course, participants will have built a framework that allows them to make better decisions.
This course is designed for business and management professionals who are looking to gain a better understanding of Supply Chain Management and its decision-making framework. Participants will gain the knowledge and skills necessary to make informed decisions that take into consideration all aspects of their business.
[Applications]
Upon completion of this course, participants will be able to apply the decision-making framework to their own supply chain operations. They will be able to identify key questions to consider when making decisions, as well as objectives relevant to their business. Participants will also be able to evaluate the impact of their decisions on cost, speed, flexibility, reliability, and other factors. Additionally, they will be able to assess the environmental impact of their decisions.
[Career Paths]
Recommended career paths:
1. Supply Chain Manager: Supply chain managers are responsible for overseeing and managing the entire supply chain process, from procurement to delivery. They must be able to identify and analyze potential risks and develop strategies to mitigate them. They must also be able to develop and implement cost-effective solutions to improve the efficiency of the supply chain. The demand for supply chain managers is expected to grow as businesses become increasingly globalized and complex.
2. Logistics Manager: Logistics managers are responsible for overseeing the transportation and storage of goods. They must be able to develop and implement efficient and cost-effective strategies for the movement of goods. They must also be able to identify and analyze potential risks and develop strategies to mitigate them. The demand for logistics managers is expected to grow as businesses become increasingly globalized and complex.
3. Procurement Manager: Procurement managers are responsible for overseeing the procurement process, from sourcing to delivery. They must be able to identify and analyze potential risks and develop strategies to mitigate them. They must also be able to develop and implement cost-effective solutions to improve the efficiency of the procurement process. The demand for procurement managers is expected to grow as businesses become increasingly globalized and complex.
4. Supply Chain Analyst: Supply chain analysts are responsible for analyzing data and developing strategies to improve the efficiency of the supply chain. They must be able to identify and analyze potential risks and develop strategies to mitigate them. They must also be able to develop and implement cost-effective solutions to improve the efficiency of the supply chain. The demand for supply chain analysts is expected to grow as businesses become increasingly globalized and complex.
[Education Paths]
Recommended Degree Paths:
1. Bachelor of Science in Supply Chain Management: This degree program provides students with the knowledge and skills needed to manage the entire supply chain process, from procurement to delivery. Students learn about the principles of supply chain management, logistics, and operations management. They also gain an understanding of the latest technologies and trends in the field.
2. Master of Science in Logistics and Supply Chain Management: This degree program focuses on the strategic and operational aspects of supply chain management. Students learn about the principles of logistics, operations management, and supply chain management. They also gain an understanding of the latest technologies and trends in the field.
3. Master of Business Administration in Supply Chain Management: This degree program provides students with the knowledge and skills needed to manage the entire supply chain process, from procurement to delivery. Students learn about the principles of supply chain management, logistics, and operations management. They also gain an understanding of the latest technologies and trends in the field.
Developing Trends:
1. Automation: Automation is becoming increasingly important in supply chain management, as it can help reduce costs and improve efficiency. Automation technologies such as robotics, artificial intelligence, and machine learning are being used to streamline processes and improve decision-making.
2. Big Data: Big data is becoming increasingly important in supply chain management, as it can help companies make better decisions. Big data technologies such as predictive analytics, data mining, and machine learning are being used to analyze large amounts of data and identify patterns and trends.
3. Sustainability: Sustainability is becoming increasingly important in supply chain management, as companies are looking for ways to reduce their environmental impact. Companies are using green technologies such as renewable energy, energy efficiency, and waste management to reduce their carbon footprint.
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