Course Description
Welcome to our comprehensive business and management course on Supply Chain Decision Making! This intermediate-level course, offered by LouvainX, is designed to equip you with the skills and knowledge necessary to make effective supply chain decisions that consider all aspects of your business. By taking a helicopter view approach to decision-making, you'll learn how to navigate complex supply chain challenges and optimize your operations for success.
What You'll Learn
- Recognize key questions in the design and management of a supply chain
- Identify possible options and solutions to key questions, along with their strengths and weaknesses
- Translate company strategy into a clear decision-making framework
- Make strategic decisions based on this framework
Prerequisites
While notions of business (marketing, finance, and operations) might be helpful, they are not required prerequisites for this course. The intermediate level of the course ensures that both beginners and those with some business experience can benefit from the content.
Course Coverage
- The big picture of supply chain management
- Aligning supply chain objectives with business strategy
- Process structure and organization
- Distribution strategies and networks
- Inventory management and optimization
- Decision-making in multi-criteria environments
- Late differentiation and its impact on supply chains
- Balancing financial objectives with company values and strategic aims
Who Should Take This Course
- Business professionals looking to enhance their supply chain management skills
- Managers seeking to improve their decision-making abilities in a supply chain context
- Students pursuing careers in business administration, logistics, or operations management
- Entrepreneurs wanting to optimize their business operations
Real-World Applications
- Make informed decisions about process locations, considering factors beyond just HR costs
- Optimize distribution networks for better efficiency and reduced carbon emissions
- Balance multiple business objectives when making supply chain decisions
- Improve your company's overall supply chain performance
- Enhance your career prospects in supply chain management and related fields
Syllabus
1. Get the big picture
- First touch with the supply chain
- Rough sketch of "Supply chain objectives"
- Overview of strategic "Supply chain decisions"
2. Objectives - The business Strategy and the Business target
- Market segment attributes
- Financial objectives
- Company values and strategic aims
- Decision-making in a multi-criteria environment
3. Process Structure
- Process organization: Artisan – Line – Functional
- Simulation and examples
- Strengths and Weaknesses
- Supply chain view and managerial focus
- MTS/MTO and late differentiation
4. Distribution
- Centralized vs. decentralized distribution
- Distribution flows
- Warehousing and X-docking
- Supply chain view and managerial focus
5. Inventory
- Inventory types
- Inventory cost
- Inventory management and supply chain view