Supply Chains for Manufacturing: Inventory Analytics from Massachusetts Institute of Technology
A supply chain entails two or more parties that are linked together by material, information and money flows. The management of a supply chain attempts to coordinate the activities of the parties so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements.
As part of the Principles of Manufacturing MicroMasters program, this course will expose learners to concepts and models important in supply chain and manufacturing system planning, so that you can better coordinate various resources and assets to optimize the delivery of goods, with an emphasis on key tradeoffs and phenomena. There will be a particular emphasis on how to cope with variability as it arises across a supply chain. The course will introduce a set of operational tactics for dealing with supply chain variability, including:
- Risk pooling
- Inventory placement
- Integrated planning and collaboration
- Information sharing
- Delayed differentiation
- Dual sourcing
Lectures, computer exercises, and case discussions introduce various models and methods for supply chain analysis and optimization.
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