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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.
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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.
This course builds on the fundamental models introduced in SC1x and the design trade-offs covered in SC2x. 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.
This is an open enrollment course , making it accessible for almost anyone, anywhere in the world to enroll and learn for free.
Recommended.CTL.SC0x Supply Chain Analytics, CTL.SC1x Supply Chain Fundamentals, and CTL.SC2x Supply Chain Design
MITx requires individuals who enroll in its courses on edX to abide by the terms of the edX honor code. MITx will take appropriate corrective action in response to violations of the edX honor code, which may include dismissal from the MITx course; revocation of any certificates received for the MITx course; or other remedies as circumstances warrant. No refunds will be issued in the case of corrective action for such violations.
MITx MicroMasters Credential in Supply Chain Management
The MITx MicroMasters Credential in Supply Chain Management is specifically designed and administered by MIT’s Center for Transportation & Logistics (CTL) to teach the critical skills needed to be successful in this exciting and growing field. In addition to being a standalone certificate demonstrating expertise in the field, students who complete all of the required courses and the final proctored exam will be qualified to apply to gain credit at MIT for the blended graduate master's degree program. In order to qualify for the MITx MicroMasters Credential in Supply Chain Management you need to earn a Verified Certificate in all of the required courses. When you register for a Verified Certificate you will also be granted access to additional practice problems, supplemental readings, and opportunities for increased interaction with the faculty and teaching staff.
To learn more about the MITx MicroMasters Credential in Supply Chain Management, please visit https://micromasters.mit.edu/scm/
Who can take this course?
Unfortunately, learners residing in 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.
Who can take this course?
Unfortunately, learners residing in 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.
