Fundamentals Of Supply Chain Management
Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.
Fundamentals of Supply Chain Management
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Focusing supply chain management on strategic activities can have a positive impact that resounds throughout the business. There are two core areas where supply chain processes and procedures can contribute to business results: customer happiness and ROI.
History-based forecasting is used to drive supply chain planning, but artificial intelligence (AI) and machine learning (ML) are primed to change that forever. AI- and ML-based predictive models will transform processes like demand sensing, shaping, and orchestration, as well as supply planning. AI will begin to drive dynamic pricing, and new product introductions will be based on predictive market intelligence. AI and ML will also drive new models for product promotions management, as well as responses to disruptions in the supply chain. AI and ML predictions will play a key role in the future of supply chain operations and have a transformative effect on other business processes.
With the continued risk of high-profile hacks that compromise the information of millions of consumers, companies will need to raise the standards of their privacy and protection protocols this year. New regulations to protect privacy that go into effect this year, such as General Data Protection Regulation (GDPR), will also affect company operations. Tax reform, Brexit, political instability, oil prices, and resource availability will all require action across the enterprise, including within the supply chain. As a result, supply chain planners will need sophisticated modeling capabilities to plan for all potential scenarios.
Supply chain managers are always looking for new ways to take advantage of opportunities and to overcome obstacles as the modern supply chain evolves. With a connected supply chain planning approach and the use of new technologies, data is brought together, and more people are integrated into decision-making processes. As the supply chain of the future comes into view, these trends will play a key role in supply chain transformation.
Learn all about the components of supply chains including supply chain networks, procurement, demand planning, and customer services as well as how emerging technologies affect them with our Supply Chain Fundamentals Certificate. These courses are perfect for those who want to rise from entry or supervisory level positions, as well as those who are new to working with supply chains or just those new to certain domains.
This certificate is designed for entry and supervisory level employees in supply chain management. It is also helpful for executives who are new to supply chains or a specific domain, people reentering the job market and experienced employees looking to work with commercial opportunities.
The CTL.SC1x Supply Chain Fundamentals course provides the foundational skills for supply chain management and logistics. You will learn how to develop and apply analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. We place a strong emphasis on the development and use of fundamental mathematical models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations.
Since 1963, the Council of Supply Chain Management Professionals (CSCMP) has been providing networking, career development, and educational opportunities to the logistics and supply chain management community.
With markets that move at the speed of ecommerce, global companies must have a high-performing supply chain and logistics system. Learn the fundamentals in our Supply Chain Fundamentals certificate program.
This certificate is an excellent option for current supply chain professionals who need to enhance their knowledge base. It is also an ideal specialization for students who are currently pursuing a graduate business degree, and a great complement for MBA graduates who need to retool or to enhance their resume.
SCMG 486: Global Logistics This course examines how business partners along the supply chain can work together to gain competitive advantage in moving products and services around the world to satisfy customers. The course will be an examination of the planning and management of global supply chain operations. Emphasis will be placed on the areas of traffic management, carrier operations, and warehousing. Each area will be analyzed in terms of its key goals, operational processes, technology applications, and performance control mechanisms.
SCMG 489: Supply Chain Analytics A study of the design, development, and use of decision models for analysis of supply chain problems. This course provides an example-driven approach to learn about important supply chain models, problems, and solution methodologies.
Learn what it takes to be a successful supply chain manager. This course will prepare you for internationally recognized certification examinations by teaching you how to create demand forecasts, develop schedules, manage inventory, control production orders, and ensure customer satisfaction.
Supply chain management professionals play a key role in capturing customer demands, creating forecasts, developing schedules, ordering and managing inventory, controlling production orders, and maximizing customer satisfaction. This course will help you succeed in the supply chain management field.
You'll master the fundamentals of supply chain management, including customer demand forecasting, master production scheduling (MPS), material requirements planning (MRP), capacity planning, and production activity control (PAC). The course also includes essential information to help you prepare for internationally recognized supply chain and materials management certification examinations.
This lesson will discuss professional certification, and you'll get acquainted with APICS, the professional society for supply change management (SCM) practitioners. You'll find out about the concept of an operating system and the use of a supply chain. You'll also learn about Material Resources Planning (MRPII) and the role that it plays in an organization.
The last four lessons will discuss production activity control (PAC). PAC is vital because it activates all of your plans, including the MPS, MRP, and your capacity plan. You'll look at the PAC cycle and its requirements and benefits, then learn how to apply backward and forward scheduling, manage bottlenecks, and optimize set up management. The lesson will also cover linear programming as a way to schedule products when you face supply and demand constraints.
Tony Swaim has helped many clients, colleagues, and students reach their professional and personal goals. He has been an online instructor since 1998 and has taught at colleges and universities across the United States since 1981. His focus areas are project management, Six Sigma, and supply chain management. Tony manages a successful consulting firm, and his industry experience includes 20 years of supply chain management. He earned a Doctorate in Business Administration from Kennesaw State University and holds professional certifications in six disciplines, including the Project Management Professional (PMP) certification from the Project Management Institute (PMI) and Certified Six Sigma Black Belt (CSSBB) from the American Society for Quality (ASQ).
Bill was the Executive Director, Pharma Supply Chain with Novartis Pharmaceuticals for over thirty years before retiring in July 2014 and joining the Rutgers Business School faculty full time. While with Novartis, Bill held a number of supply chain management leadership positions with operational responsibility, both locally and globally, including ten years as Regional Head for North America, and two years as Global Head of Pharma Supply Chain Strategy. He also served as the Novartis representative on the Industry Advisory Board for the Center for Supply Chain Management at the Rutgers Business School for fourteen years, and as the Chairman of that Advisory Board for the last five.
It will give your students in-depth exposure into the challenges involved in making supply chains work. The business simulation focuses on the development and management of business-to-business relationships between student teams who become either suppliers or distributors within an international business setting. Your students will learn to execute a supply chain strategy and deal with the complexities and conflicts of supply chain management. They will need to balance selfishness and short-term gain with the potential for greater reward resulting from building long-term business relationships. They will learn to negotiate, cooperate, and coordinate to achieve desired ends while focusing on win-win solutions.
Students will discover the challenges and rewards of setting up and managing a lean, reliable supply chain within a one-year time frame. One important skill students will practice in the outsourcing module is negotiation.
A group of venture capitalists will provide the seed capital for your student teams to start their simulated companies. They will become either suppliers or resellers in the microcomputer industry. All firms will have limited financial resources and complete accounting responsibility. Resellers must find suppliers who can produce the goods they wish to sell to the end user market. Suppliers must approach resellers to become their sources of supply. Your students will experience the complicated process of building relationships and putting channels in place. The business simulation provides a full set of supply-chain options, allowing students to make investments to speed up and better coordinate the exchanges between business partners. Achieving high level of supply-chain coordination will require extensive negotiations and trust between the involved parties. 041b061a72