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Supply Chain Fundamentals

Provided by Massachusetts Institute of Technology (MITx)
Intermediate
See prerequisites
8–12 hours
per week, for 13 weeks
Free

$200 USD for graded exams and assignments, plus a certificate

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.

Start Date:

Before you start

  • High School level algebra and basic mathematical manipulation.
  • Familiarity with undergraduate probability, statistics, and calculus.
Course opens: Jul 10, 2019
Course ends: Oct 9, 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.

Meet your instructors

Chris Caplice
Director, MITx MicroMasters Program in Supply Chain Management
MIT

Who can take this course?

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This course is part of:

Earn a MicroMasters® Program Certificate in 1 year if courses are taken one at a time.

View the program
  1. 200–300 hours of effort

    Master and apply the core methodologies used in supply chain analysis and modeling, including statistics, regression, optimization and probability ​– part of the MITx Supply Chain Management MicroMasters Credential.

  2. Supply Chain Fundamentals
  3. 104–156 hours of effort

    Learn how to design and optimize the physical, financial, and information flows of a supply chain to enhance business performance ​– part of the MITx MicroMasters Credential in Supply Chain Management​.

  4. 104–156 hours of effort

    Learn how to manage and harness the dynamics and interactions between firms and entities within a supply chain - ​part of the MITx Supply Chain Management MicroMasters Credential.

  5. 104–156 hours of effort

    Learn how technology is used in supply chain systems from fundamental concepts to innovative applications – ​part of the MITx Supply Chain Management MicroMasters Credential.

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