Supply Chain Design

MITx MicroMasters Credential in Supply Chain Management

Course Description

The Supply Chain Design course, offered by MITx as part of their prestigious MicroMasters Credential in Supply Chain Management, is an advanced-level program designed to equip students with comprehensive knowledge and skills in supply chain management. This course, delivered by the #1 ranked SCM Master's program at the Massachusetts Institute of Technology, covers all aspects of supply chain design for companies and organizations worldwide.

The curriculum is divided into four main areas: Physical flow design, Supply chain finance, Information flow design, and Organization/Process design. Students will delve into complex topics such as Transportation and Transshipment problems, Facility Location, Network Design, Activity Based Costing, Working Capital management, and Discounted Cash Flow Analysis. The course also explores supplier communication, production planning, and customer collaboration processes.

What You Will Learn

  • Network Design and Facility Location strategies
  • Supply Chain Finance principles and practices
  • Procurement and sourcing techniques
  • Production planning methodologies
  • Demand management and Sales & Operations Planning

Prerequisites

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

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

Course Coverage

  • Supply Chain Network Design
  • Supply Chain Finance
  • Supplier Management
  • Production and Demand Planning
  • Process and Organizational Design
  • Transportation and Transshipment Problems
  • Facility Location and Network Design
  • Activity Based Costing and Working Capital
  • Cash-to-Cash Cycle and Discounted Cash Flow Analysis
  • Procurement and Risk Contracts
  • Material Requirements Planning and Bills of Materials
  • Sales & Operations Planning
  • Performance Metric Design
  • Organizational Design within Supply Chain

Who This Course Is For

This course is ideal for professionals aspiring to build a career in supply chain management, particularly those interested in roles such as Supply Chain Analyst, Operations Manager, or Logistics Coordinator. It is also valuable for current supply chain professionals looking to enhance their skills and knowledge in the field.

Real-World Application

The skills acquired in this course are directly applicable to real-world supply chain challenges. Graduates will be able to:

  1. Design efficient supply chain networks for global companies
  2. Optimize transportation and facility location decisions
  3. Analyze and improve supply chain financial performance
  4. Develop effective supplier management strategies
  5. Implement advanced production and demand planning techniques
  6. Create performance metrics and organizational structures for supply chain success

Syllabus

Week 1: Overview of Supply Chain Design: Introduction to Network Flow models
Week 2: Basic Supply Chain Network Design: Facility Location and Network Design problems
Week 3: Advanced Supply Chain Network Design: Modeling multiple products, multiple echelons, and multiple time periods
Week 4: Supply Chain Finance I: Activity Based Costing, Working Capital, and Cash-to-Cash conversation cycle
Week 5: Supply Chain Finance II: Discounted cash flow analysis and capital budgeting and investing
Week 6: Supplier Management I: Auctions, sourcing, and procurement
Week 7: Supplier Management II: Optimization based procurement, and risk sharing
Week 8: Production Planning: Introduction to Bills of Material (BOM), Material Resource Planning (MRP) systems, and Distribution Resource Planning (DRP) systems
Week 9: Demand Management: Challenges of collaboration with customers and management levers to improve coordination
Week 10: Process & Organizational Design: The design of the supply chain organization itself