Supply Chain Dynamics

DescriptionQuantityAmountTotalTax
Course Fee1R 2,687.00R 2,687.00R 0.00 (0%)
Total amountR 2,687.00
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Overview

Supply Chains are complex systems involving multiple firms and organisations 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.

Prerequisites: Successful completion of SC1x and SC2x

Associated Programmes: Supply Chain Management MicroMasters® Programme

Supply Chain Management MicroMasters® Programme
Gain expertise in the growing field of Supply Chain Management through an innovative online programme consisting of five courses and a final capstone exam. The MicroMasters® Programme in Supply Chain from MITx is an advanced, professional, graduate-level foundation in Supply Chain Management. It represents the equivalent of one semester's worth of coursework at MIT.

Supply Chain Analytics
Master and apply the core methodologies used in supply chain analysis and modelling, including statistics, regression, optimisation and probability – part of the MITx Supply Chain Management MicroMasters® Credential.
View the course

Supply Chain Fundamentals
Learn fundamental concepts for logistics and supply chain management from both analytical and practical perspectives – part of the MITx MicroMasters® Credential in Supply Chain Management.
View the course

Supply Chain Design
Learn how to design and optimise the physical, financial, and information flows of a supply chain to enhance business performance – part of the MITx MicroMasters® Credential in Supply Chain Management.
View the course

Supply Chain Dynamics
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.
View the course

Supply Chain Technology and Systems
Learn how technology is used in supply chain systems from fundamental concepts to innovative applications – part of the MITx Supply Chain Management MicroMasters® Credential.
View the course

Supply Chain Comprehensive Exam
Take the Comprehensive Exam in Supply Chain Management to earn the MITx MicroMasters® credential.
View the course

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  • Start Date
    16 January 2019
  • Programme duration
    13 weeks
  • Estimated effort
    8 to 12 hours per week
  • Fee
    R2687
  • Institution
    MITx
  • Language
    English
Start Dates
  • Supply chain risk management
  • Supply Chain Dynamics
  • End to End Supply Chain Management