Course Description

Embark on an advanced journey into the intricate world of supply chain management with this comprehensive course offered by MITx. "Supply Chain Dynamics" is a capstone course that builds upon the foundational knowledge from SC1x and SC2x, elevating your understanding of complex supply chain systems to new heights. This course is an essential component of the MicroMasters® Program in Supply Chain Management, designed to equip you with the skills and knowledge needed to excel in the dynamic field of supply chain management.

What students will learn from the course

• System Dynamics: Developed at MIT, this approach allows you to model and analyze complex systems with interacting, non-linear, and dynamic elements.
• Supply Chain Risk Management: Gain insights into identifying, assessing, and mitigating risks within supply chains.
• End-to-End Supply Chain Management: Learn to optimize and manage the entire supply chain process effectively.
• Supply Chain Optimization: Discover techniques to enhance efficiency and effectiveness across the supply chain.
• Supply Chain Design: Build on previous knowledge to create robust and resilient supply chain structures.
• Supply Chain Modeling: Develop skills in creating accurate models of complex supply chain systems.
• Supply Chain Simulation: Engage in practical simulations to apply theoretical concepts in real-world scenarios.

Prerequisites or skills necessary to complete the course

While not mandatory, it is strongly recommended that students have completed the following courses:

• CTL.SC0x Supply Chain Analytics
• CTL.SC1x Supply Chain Fundamentals
• CTL.SC2x Supply Chain Design

These courses provide the foundational knowledge that will be built upon in this advanced-level course.

What the course will cover

• Introduction to System Dynamics and its application in supply chain management
• Supply chain risk identification, assessment, and mitigation strategies
• Complex supply chain modeling techniques
• Supply chain efficiency and effectiveness optimization
• Design principles for resilient supply chains
• Supply chain disruption management and leveraging opportunities
• Extended case studies and simulations of real-world supply chain scenarios
• End-to-end supply chain management principles and practices

Who this course is for

This course is ideal for:

• Supply chain professionals seeking to advance their careers
• Business managers looking to gain a deeper understanding of supply chain dynamics
• Students pursuing a career in supply chain management or logistics
• Entrepreneurs aiming to optimize their business operations
• Anyone interested in complex systems and their applications in business

How learners can use these skills in the real world

The skills acquired in this course have numerous practical applications:

• Improve decision-making in supply chain management roles
• Enhance risk management strategies for businesses
• Optimize supply chain efficiency and reduce costs
• Design more resilient and adaptable supply chain systems
• Analyze and solve complex supply chain problems in various industries
• Implement effective end-to-end supply chain management practices
• Apply system dynamics principles to other complex business systems

By mastering the concepts taught in this course, learners will be well-equipped to tackle the challenges of modern supply chain management, drive innovation, and create value for their organizations in an increasingly complex global business environment.