Supply Chain Fundamentals

Learn fundamental concepts for logistics and supply chain management from both analytical and practical perspectives – part of the MITx MicroMasters Credential in Supply Chain Management. 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. The main topic areas we will focus on this course are: Demand Forecasting, Planning, and Management; Inventory Planning, Management, and Control & Transportation Planning, Management, and Execution.


Course Objectives:

  • 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.


Recommended Background

  • Recommended for professionals in the Manufacturing field: in a process improvement role handling operations & logistics / preparing for an operations mangement career / currently holding a senior management position.
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Course ID

ED025

Skill Focus

Smart Business

Instructor(s)

MIT

Employee Type

New Applicants, Operations teams, 1st level supervisor

Method of Delivery

Digital

Estimated Effort

156 hrs

Cost

Audit Free


Certification is paid for $ 299.00 ; Full financial aid available for certification