The course Supply Chain Dynamics is an online class provided by Massachusetts Institute of Technology through edX. The skill level of the course is Advanced. It may be possible to receive a verified certification or use the course to prepare for a degree.
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.
Course description 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 course is part of a MicroMasters program. If you complete all courses in the MicroMasters program in 2018, GE will guarantee you an interview in Boston for an internship or full-time role. Open to Massachusetts residents only.
To obtain a verified certificate from edX / Massachusetts Institute of Technology you have to finish this course or the latest version of it, if there is a new edition. The class may be free of charge, but there could be some cost to receive a verified certificate (200.00 USD) or to access the learning materials. The specifics of the course may have been changed, please consult the provider to get the latest quotes and news.
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