Have you ever wondered how goods get delivered to us so quickly as soon as we order them? One word: Logistics! In this introductory Supply Chain Logistics course, I will take you on a journey to this fascinating backbone of global trade.
Learn fundamental concepts for logistics and supply chain management from both analytical and practical perspectives.
Earn an MITx MicroMaster's Credential showing you've mastered the critical skills required to be successful in the rapidly expanding field of supply chain management. Companies need supply chain experts to create and maintain a strategic competitive advantage. This course is the first course offered as part of MIT's MicroMaster's Credential in Supply Chain Management.
This supply chain management course provides the foundational skills for supply chain management and logistics. You will learn how to develop and apply analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. We place a strong emphasis on the development and use of fundamental mathematical models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations.
The main topic areas we will focus on are:
- Demand Forecasting, Planning, and Management
- Inventory Planning, Management, and Control
- Transportation Planning, Management, and Execution
While our main objective is to develop and use models to help us analyze these situations, we will make heavy use of examples from industry to provide illustrations of the concepts in practice. This is neither a purely theoretical nor a case study course, but rather an applied analytical course that addresses real problems found in practice.
The MITx MicroMaster's Credential is specifically designed to teach the critical skills needed to be successful in this exciting and growing field. In addition to being a stand-alone certificate demonstrating expertise in the field, students who complete all of the required courses and the final proctored exam will be qualified to apply to gain credit at MIT for the blended graduate master's degree program. In order to qualify for the MITx MicroMaster's Credential in Supply Chain Management you need to earn a Verified Certificate in all of the required courses. When you register for a Verified Certificate you will also be granted access to additional practice problems, supplemental readings, and opportunities for increased interaction with the faculty and teaching staff.
What you'll learn:
- 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
- Identify, design, and implement the appropriate forecasting methodology for each segment
- Identify, design, and implement the appropriate inventory replenishment policy for each segment
- Select the optimal transportation routing and modal choice for each segment