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.
Individual course: $299
Course duration: 13 weeks total
Time commitment: 8-12 hours each week
Experience level: Advanced
Learning partner: Massachusetts Institute of Technology (MITX)
This course builds on the fundamental models introduced in Supply Chain Fundamentals and the design trade-offs covered in Supply Chain Design. 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. Study topics such as:
Supply chain risk management
Supply chain dynamics
End to end supply chain management
Successful completion of Supply Chain Fundamentals and Supply Chain Design
Who can take this course?
Unfortunately, learners from the following countries or regions will not be able to register for this course: Iran, Cuba, and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer their courses to learners in these countries and regions, the licenses they have received are not broad enough to allow them to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent them from offering all of their courses to everyone, no matter where they live.
About Massachusetts Institute of Technology (MITX)
Massachusetts Institute of Technology — a coeducational, privately endowed research university founded in 1861 — is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. Through MITx, the Institute furthers its commitment to improving education worldwide.
MITx courses embody the inventiveness, openness, rigor, and quality that are hallmarks of MIT, and many use materials developed for MIT residential courses in the institute's five schools and 33 academic disciplines.