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Supply Chain Dynamics

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Course Overview

With markets that move at the speed of ecommerce, global companies must have a high-performing supply chain and logistics system. Learn the fundamentals in our Supply Chain Fundamentals program.
The purpose of this course is to study the critical issues in managing supply chains such as Supply Chain Design, Product Design, Sourcing & Supplier Alliances, Inventory Management, and Information Technology for Supply Chain Management, This course will help to understand how supply chain decisions impact the performance of the firm. The key will be to understand the link between supply chain structures and capabilities in a firm.

Key Takeaways

Use supply chain strategies and be able to implement these strategies in a variety of global business environments.
Utilize sophisticated methodologies to improve or optimize operations across a wide range of industries.
Execute advanced tasks associated with process design and improvement, transportation management, inventory management, and purchasing management.
Review actual supply chain management practices.
Gain functional knowledge of production and inventory management.
Able to manage global supply chain activities in effective way.

Massachusetts Institute of Technology
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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. Learn more about MIT. Through MITx, the Institute furthers its commitment to improving education worldwide. MITx Courses 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.

Course Outline

Introduction to Supply Chain Management
What is Supply Chain Management?
The Development Chain
Uncertainty and Risk Factors
Evolution of Supply Chain Management
Key Issues in Supply Chain Management
Introduction to MIT System Dynamics
Examine multiple supply chain models
Analyze the development and interaction between models
Prepare policies related to performance improvement
Inventory Management and Risk Pooling
Importance of Inventory
Stages of Inventory Control
Risk Pooling
Centralized vs. Decentralized Systems
Managing Inventory in the Supply Chain
Effective Forecasting
Supply Chain Design with Risk mitigation procedures
Mitigate the downside of supply chain disruption
Leverage and capture the upside of supply chain disruption
Network Planning
Network Planning and Design
Inventory Positioning and Logistics Coordination
Resource Allocation
Supply Contracts
Strategic Components
Contracts for Make-to-Stock/Make-to-Order Supply Chains
Contracts with Asymmetric Information
Contracts for Non-Strategic Components
The Value of Information
Information Types
Bullwhip Effect
Information Sharing and Incentives
Information for the Coordination of Systems
Locating Desired Products
Lead-Time Reduction
Information and Supply Chain Trade-Offs
Decreasing Marginal Value of Information
Supply Chain Integration
Push, Pull, Push-Pull Systems
Demand-Driven Strategies
The Impact of the Internet on Supply Chain Strategies
Distribution Strategies
Direct Shipment Distribution Strategies
Intermediate Inventory Storage Point Strategies
Strategic Alliances
Framework for Strategic Alliances
Third Party Logistics (3PL)
Retailer-Supplier Relationships
Distributor Integration (DI)
Procurement and Outsourcing Strategies
Outsourcing Benefits and Risks
Framework for Make/Buy Decisions
Procurement Strategies
Final Project
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.
In order to successfully complete this course, the students will need to submit a capstone project which will be related to their industry.

Who Should Attend?

This highly practical and interactive course has been specifically designed for
Managers and executives in:
Supply Chain

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +91 4 95 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.