Supply Chain Dynamics

MOOC
Supply Chain Dynamics
Language
English
Duration
3 months
Certificate
Certification paid
Course by EdX
Supply Chain Dynamics
What will you learn?
Supply chain risk management
Supply Chain Dynamics
End to End Supply Chain Management
About the course

Supply Chains are complex systems involving multiple firms and organizations with different goals and objectives. Additionally, there are external forces and trends that can impact (positively or negatively) a supply chain’s efficiency and effectiveness. Understanding the dynamics and risks within supply chains, both large and small, is key to being a successful supply chain professional.

This course builds on the fundamental models introduced in SC1x and the design trade-offs covered in SC2x. It is essentially a capstone in understanding how to successfully model, design, and manage a supply chain in any industry. We will divide the course into three sections.

First, we will introduce the field of System Dynamics. Developed at MIT, system dynamics is an approach that examines and models complex systems that feature interacting, non-linear, and dynamic elements. The objective is to better understand the underlying features of a complex system and to recommend policies and other actions to improve overall performance.

Second, we will explore the concepts of supply chain risk. Supply chains are subject to a wide number of potential disruptions – from both within and outside of the supply chain. Students will understand how supply chains can be better designed and managed to not only mitigate the downside of supply chain disruption but also to leverage and capture any upside.

Finally, the students will engage in a series of more extended case studies and simulations that demonstrate these complex relationships. Actual case studies and examples from companies will be used to help students better prepare for actual situations.

This course is part of a MicroMasters program. If you complete all courses in the MicroMasters program in 2018, GE will guarantee you an interview in Boston for an internship or full-time role. Open to Massachusetts residents only.

Program
Supply Chain Dynamics
Learn how to manage and harness the dynamics and interactions between firms and entities within a supply chain - ​part of the MITx Supply Chain Management MicroMasters Credential.
Lecturers
Chris Caplice
Chris Caplice
Director, MITx MicroMasters Program in Supply Chain Management MIT
Yossi Sheffi
Yossi Sheffi
Faculty MIT
Bruce Arntzen
Bruce Arntzen
Executive Director, Supply Chain Management Program MIT
Alexis Bateman
Alexis Bateman
Platform
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All the courses on this platform are free of charge. The authors are top universities and corporations that seek to maintain high quality standards. If you do not meet a deadline for assignments, you lose points. Like on other platforms, the videos in which the theory is explained are followed by practical assignments. Courses are available in English, Chinese, Spanish, French and Hindi.
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