This course is designed to provide you with a comprehensive understanding of the supply chain's significant impact on a company's financial performance and how utilizing data and optimization techniques can drive cost savings and strategic decision-making in today’s turbulent business environment.
Our course has three main goals:
• First, you will learn how supply chain management serves as a powerful lever for cost savings through effective management of products and services flows, information flows, and financial flows. You will learn optimization techniques to facilitate strategic decision-making to manage these flows along the entire supply chain.
• Second, the course explores how supply chains can mitigate risks of today’s turbulent times through operational flexibility and aligning incentives between supply chain partners. You will learn how to develop collaborative and global strategies which benefit the entire supply chain.
• Finally, the course highlights the potential of new technologies for supply chain management. Here we are also in an age of turbulence, with advancements in computing power and communication speed rapidly yielding new and innovative technological solutions.
With the foundational understanding of the supply chain and its potential for optimization, you will be equipped to creatively adopt new technologies in your own supply chain.
Strategic Supply Chain Management in Turbulent Times
Technische Universität München (Technical University of Munich) via Coursera
Overview
Syllabus
- Course Introduction
- Introduction and Supply Chain Strategy
- Supply Chain Drivers, Planning and Coordination
- Supply Chain Performance
- Inventory Management - Single Period Model ("Newsvendor" Model)
- Inventory Management - Continuous Review Model
- Supply Chain Flexibility and Incentive Alignment
- Improving Supply Chain Resilience with New Technologies and Digitalization
- Course Close and your next steps!
Taught by
Holly Claudia Ott
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Reviews
5.0 rating, based on 6 Class Central reviews
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This course is a must for anyone interested in procurement and logistics, whether you're just starting out or already working in the field. The content is incredibly comprehensive, covering essential basics such as supply chain management, plannin…
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This supply chain course is an excellent introductory program that covers the fundamentals of supply chain management in a clear and accessible way. It's perfect for beginners looking to build a strong foundation, but also serves as a valuable refresher for experienced professionals. The course balances theory with practical examples, making complex concepts easy to understand and apply. The inclusion of real-world case studies and the exploration of new technologies in supply chain management add depth, making it relevant for anyone looking to update their knowledge in this rapidly evolving field. Highly recommended for all levels.
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This supply chain course is an excellent introductory program that covers the fundamentals of supply chain management in a clear and accessible way. It's perfect for beginners looking to build a strong foundation, but also serves as a valuable refresher for experienced professionals. The course balances theory with practical examples, making complex concepts easy to understand and apply. The inclusion of real-world case studies and the exploration of new technologies in supply chain management add depth, making it relevant for anyone looking to update their knowledge in this rapidly evolving field. Highly recommended for all levels.
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The course is very good because it is based on theory and practice at the same time. I found the newspaper seller's model scheme interesting and novel in which I did not know how to calculate the optimal q. Another aspect was the focus on the supply chain and the determination of collaborative strategies. Finally, the contractual part that provides ideas for the integration of functions within the company.
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This was a great course, however not an easy one. With this course we mastered optimization techniques in the operations and supply chain management with impact on the financial metrics impacting whole business. This is a powerful combination, which we can be used to apply in the company and also identifying of new technologies and methods that can bring company’s supply chain to a new level.
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Obed Mokua Nyandiri, Mt. Kenya University, Kenya
This course was a real eye-opener! It taught me how to navigate the crazy world of supply chain management. I learned how to spot risks before they become problems, use data to make smart decisions, and build supply chains that can weather any storm.
