WEEK 1: Introduction to Supply Chain Dynamics: In this first week we will provide an overview of the supply chains as complex systems. We introduce the idea of complexity and we identify five main drivers of supply chain complexity.We will also introduce the basic idea of a simple process, and illustrate the core characteristics of capacity, variability and flow. We then demonstrate how different buffering strategies as inventory, time or capacity can be employed in supply chains. We finish the week showing how to use process analysis tools to examine, critique, design, or redesign supply chain processes used in practice.
WEEK 2: Introduction to System Dynamics: In this lesson, we will introduce some of the core concepts of the discipline known as System Dynamics and illustrate how these relate to supply chains. We will review the basic components of system dynamics, what it is, how to apply it, and how to use models to understand it. We go over various approaches to visualize system complexity. We then move into a discussion on modeling the systems. Throughout the course of the lesson, we build a “toolbox” for system dynamics which includes causal loop diagrams, behavior over time charts, stock & flow diagrams, and models.
WEEK 3: Dealing with partners: Collaboration and Risk Contracts: In this week Dr. Chris Caplice introduces a week that reviews how to deal with partners. Caplice first outlines collaboration, including how the lack of collaboration can lead to significant impacts such as the bullwhip effect. Professor Yossi Sheffi then introduces and reviews supply contracts.
WEEK 4: Supply Chain Strategy & Alignment: In this week we introduce business and discuss the most common business strategy frameworks and methodologies. We focus on how supply chains need to align with the selected company strategy in order to enable it.
WEEK 5: PREP WEEK: This is a prep week in which no new graded assignments will be released. It provides you time to complete previous assignments and get ready for the midterm next week.
WEEK 6: Midterm Exam: The midterm exam will include multiple choice questions and problems that will cover the concepts review in the first four weeks of the course. The midterm will be open for one week, but it will be a timed exam, so you will only have a limited amount of time to complete it.
WEEK 7: Global SUPPLY CHAIN Management I: Dr. Bruce Arntzen presents an introduction to global supply chains and explains the challenges and opportunities of trading between countries. Trade agreements and optimization models of a supply chain are introduced this week.
WEEK 8: Global Supply Chain MANAGEMENT II: Dr. Bruce Arntzen continues the discussion of trade agreements. He reviews different approaches to setting up manufacturing and the motivation and challenges of the offshoring strategy. He illustrates current industry trends based on real examples.
WEEK 9: Risk Management & Resilience: Professor Yossi Sheffi explains the different causes of disruption. Based on the analysis of different examples and real cases, he classifies types of disruptions. He finishes the risk management and resilience lesson by discussing the lessons learned in the real cases presented and explaining how companies can improve their resilience and manage risk.
Week 10: Exogenous Factors: In this week we will wrap up supply chain dynamics with forces that influence the design and management of a supply chain. We will discuss a series of forces on the supply chain that includes regulation and law, natural & human resources, industry & society, and customers. To understand these forces, Dr. Alexis Bateman introduces an example through a palm oil case study.
WEEK 11: PREP WEEK: Again, this is a prep week in which no new graded assignments will be released. This is so you can get prepared for the Final Exam!
WEEK 12: FINAL EXAM: The final exam covers all of the material in this course, with special focus in the last four weeks. The objective is to understand how all of the concepts, tools, and techniques reviewed in this course fit together. The final exam will be open for one week, but it will be a timed exam, so you will only have a limited amount of time to complete it.