Supply Chain Planning
Course facts
- Payment: Free, no certificate
- Credits: Non Credit
- Learning style: Self-paced, start anytime
- Resources: Problem Sets; Written Assignments
MIT OpenCourseWare details
- As taught in: Spring 2011
- Department: Sloan School of Management, Institute for Data, Systems, and Society, Civil and Environmental Engineering
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Supply chain planning for global companies: inventory models, risk pooling, supply contracts, postponement and integration, with cases and problem sets.
Companies that operate globally need to plan and integrate supply chain components into a coordinated system. This class teaches models and tradeoffs for doing that, using tactics such as risk pooling, inventory placement, integrated planning and information sharing. Inventory models lead to supply contracts, procurement and product design, and cases on Reebok and Dell put the analysis to work.
What You Will Achieve
- Build inventory models and use them to decide stock levels
- Evaluate supply contracts and procurement strategies
- Use postponement and risk pooling to handle uncertainty
- Analyze a supply chain case and support a recommendation with data
Program Overview
Inventory
The first sessions set up the core models.
- Inventory models
- Inventory systems
- Supply chain inventory models
Contracts and Postponement
Next the class looks at relations between firms.
- Supply chain and postponement
- Supply contracts
- Procurement strategies
Integration and Design
The last sessions connect the system as a whole.
- Supply chain integration
- Supply chain and product design
- Modeling and optimization at Intel
- Safety stock placement
Course Completion
Job Outlook
These skills are used in supply chain management, logistics and operations roles at companies that operate globally.
Good for: Operations and logistics students, and working supply chain staff, who want analytical tools for planning decisions.
Keep in mind: It builds on a first course in logistics or operations management. The cases and questions are in the required Simchi-Levi textbook, so you need the book, and lecture notes are not published.
Bottom line: A set of problem sets and cases, tied closely to one standard supply chain text.
Frequently Asked Questions
Which cases are assigned?
Meditech Surgical, Steel Works, Reebok NFL Replica Jerseys and Dell, from the course text. The class also lists an HP network printer case write-up in its calendar.
How many problem sets are there?
There are three: an inventory problem set, a supply contracts problem set and a supply chain problem set.
Which book is the main text?
Designing and Managing the Supply Chain by Simchi-Levi, Kaminsky and Simchi-Levi, with further useful references including Factory Physics and Operations Rules.
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