94-810 Introduction to Supply Chain Management and Systems
6 units, Carnegie Mellon University
In the simplest sense supply chains are process umbrellas under which products are designed created and delivered to customers. A supply chain incorporates procurement production storage distribution selling and disposalrecycling activities that are connected by material information and financial flows. Despite its name a supply chain is in fact a network of activities and flows that often involves the extensive participation and integration of external trading partners. Therefore Supply Chain Management SCMincludes The strategic design of the network and its operational capacities The tactical utilization of these capacities e.g. by managing production inventory and logistics activities and The simultaneous control of material information and financial flows to achieve an optimal mix of responsiveness and efficiency in the face of changing market conditions and customer demands. Building on leanjustintime JIT manufacturing concepts and quality methodologies e.g.Six Sigma that were all the rage in the 1980s and early 1990s SCM has gotten significant attention in recent years. What were itheoreticali capabilities ten years ago are now hot competitive weapons. Although recent developments in largescale optimization software applications have provided industry players with the information visibility needed to synchronize the entire channel SCM isnt just about technology. Its fundamental to business strategy and can be leveraged to create new opportunities to succeed and achieve longterm competitive advantage. The central objective of this course is to introduce future senior decision makers to the concepts skills and perspectives necessary to make good SCM choices. Analytical foundations of SCM related to key concepts such as invea hrefhttpwww.heinz.cmu.eduacademicresourcescourseresultscoursedetailsindex.aspxcid425...Read Morea
Prerequisites: none listed
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