Learn how to design and optimize the physical, financial, and information flows of a supply chain to enhance business performance. Supply Chains, especially global supply chains, are complex structures that involve several firms crossing multiple time zones and continents. The design of a supply chain is critical to its overall success, and ultimately, the firm’s success.
This supply chain management course will cover all aspects of supply chain design. This course is the second of three in the Supply Chain Management MITx XSeries that is specifically designed to teach the critical skills needed to be successful in this exciting field.
We will start with learning how to design for the flow of the physical products or the goods. Variously referred to as Network Design, Facility Location, or Flow Optimization, the physical design is a core requirement for any supply chain planner.
Following this, we will dive into the design of the financial flows involved with supply chains. Specifically, you will learn how to translate supply chain terms and metrics into financial terms used in the C-suite.
We will then proceed into the design and management of the information flow of a supply chain by examining three critical phases: procurement, production, and demand planning. Our primary objective here is to understand how a firm works with different partners in these three basic supply chain activities.
The procurement lessons will cover basic approaches as well as more advanced techniques such as combinatorial auctions and supply contracts. The production lessons will concentrate on Material Resource Planning (MRP) and Fixed Horizon Planning. The Demand Management lessons will examine collaboration as well as Sales & Operations Plannings.
After covering the design of the three flows (physical, financial, and information), we will turn to the design of the supply chain organization itself as well as the metrics. Real cases and examples from practice will be used throughout the entire course.
What you'll learn:
- How to design supply chain networks and flow
- How to translate supply chain actions into financial terms
- How to source and procure products and services
- How to plan demand and run & operations planning
- How to design a supply chain organization as well as performance metrics