Supply Chain Fundamentals

Provided by Massachusetts Institute of Technology (MITx)
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Learn fundamental concepts for logistics and supply chain management from both analytical and practical perspectives – part of the MITx MicroMasters Credential in Supply Chain Management.

MicroMasters® ProgramSupply Chain Management
Course Format:Instructor-Led
Start Date:Jul 10, 2019

What you will learn

  • Incorporate and manage uncertainty and risk within supply chain management
  • Segment different customers, products, and channels and design an optimal portfolio of logistics approaches and strategies for these various segments
  • Identify, design, and implement the appropriate forecasting methodology for each segment
  • Identify, design, and implement the appropriate inventory replenishment policy for each segment
  • Select the optimal transportation routing and modal choice for each segment

Overview

This Supply Chain Fundamentals course is part of the MITx MicroMasters Credential in Supply Chain Management, offered by #1 ranked SCM Master's program at the Massachusetts Institute of Technology.

The CTL.SC1x Supply Chain Fundamentals course provides the foundational skills for supply chain management and logistics. You will learn how to develop and apply analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. We place a strong emphasis on the development and use of fundamental mathematical models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations.

The main topic areas we will focus on this course are:
  • Demand Forecasting, Planning, and Management
  • Inventory Planning, Management, and Control
  • Transportation Planning, Management, and Execution
While our main objective is to develop and use models to help us analyze these situations, we will make heavy use of examples from industry to provide illustrations of the concepts in practice. This is neither a purely theoretical nor a case study course, but rather an applied analytical course that addresses real problems found in practice.

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.

Before you start

  • High School level algebra and basic mathematical manipulation.
  • Familiarity with undergraduate probability, statistics, and calculus.
  • Instructor-Led: course contains assignments and exams that have specific due dates, and you complete the course within a defined time period.
  • Course ends: Feb 15, 2019

Who can take this course?

Unfortunately, learners from one or more of 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 our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

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