Supply Chain Dynamics

Course 5 of 6: MicroMasters® in Supply Chain Management 13 weeks total 8 – 12 hours each week
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About this course

Supply Chains are complex systems involving multiple firms and organizations 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 Supply Chain Fundamentals and the design trade-offs covered in Supply Chain Design. 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.

What you’ll learn

  • Supply chain risk management
  • Supply Chain Dynamics
  • End to End Supply Chain Management

Prerequisites

Successful completion of Supply Chain Fundamentals and Supply Chain Design

Frequently asked questions

MITx requires individuals who enroll in its courses on edX to abide by the terms of the edX honor code. MITx will take appropriate corrective action in response to violations of the edX honor code, which may include dismissal from the MITx course; revocation of any certificates received for the MITx course; or other remedies as circumstances warrant. No refunds will be issued in the case of corrective action for such violations.

MITx MicroMasters® Credential in Supply Chain Management

The MITx MicroMasters® Credential in Supply Chain Management is specifically designed and administered by MIT’s Center for Transportation & Logistics (CTL) to teach the critical skills needed to be successful in this exciting and growing field. In addition to being a standalone certificate demonstrating expertise in the field, students who complete all of the required courses and the final proctored exam will be qualified to apply to gain credit at MIT for the blended graduate master’s degree program. In order to qualify for the MITx MicroMasters® Credential in Supply Chain Management you need to earn a Verified Certificate in all of the required courses. When you register for a Verified Certificate you will also be granted access to additional practice problems, supplemental readings, and opportunities for increased interaction with the faculty and teaching staff.

Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

Meet Your Instructors

Chris Caplice

Director, MITx MicroMasters® Program in Supply Chain Management at MIT
Dr. Caplice has been teaching logistics and supply chain management at MIT for over a decade. He is also responsible for the planning and management of the research, education, and corporate outreach programs for the MIT Center for Transportation & Logistics as well as MIT’s Global SCALE Network. He is also the Chief Scientist for Chainalytics, a leading analytical supply chain consulting firm. He received a Ph.D. from MIT in 1996 in Transportation and Logistics Systems, a Master of Science in Civil Engineering from the University of Texas at Austin, and a Bachelor of Science in Civil Engineering from the Virginia Military Institute (VMI).

Yossi Sheffi

Faculty at MIT
Dr. Sheffi is a former director of MIT's Engineering Systems Division, and holds a dual appointment at the Department of Civil and Environmental Engineering and at the Engineering Systems Division. He is an expert in systems optimization, risk analysis and supply chain management, which are the subjects he teaches and researches at MIT. He is the author of dozens of scientific publications and three books. Outside the university, Professor Sheffi is an active entrepreneur, having founded five successful companies, and a sought-after speaker in corporate and professional events. He obtained his B.Sc. from the Technion in Israel in 1975, his S.M. from MIT in 1977, and Ph.D. from MIT in 1978.

Bruce Arntzen

Executive Director, Supply Chain Management Program at MIT Dr. Arntzen is the Executive Director, MIT Supply Chain Management Program where he oversees the SCM curriculum, student admissions, faculty selection, and student job placement. He serves as the faculty advisor, oversees Master’s theses, and teaches the course “Global Supply Chain Management.” As a Research Director he leads the MIT Hi-Viz Supply Chain project which is developing automated board-ready visualizations of the supply chain and its critical risk pathways. Dr. Arntzen founded two supply chain consulting firms, lead industrial engineering and operations planning groups at Digital Equipment Corp., performed operations management consulting at Arthur D. Little, Inc., and served as an economic analyst at The World Bank in Washington, DC. An expert on Supply Chain Risk Management and International Supply Chain Operations, he is a frequent speaker at industry conferences including CSCMP, WERC, APICS, OIA, and INFORMS. He has thrice served as the President of the New England Chapter of CSCMP. Dr. Arntzen holds a BA and BS from Bucknell University, an MSE from Johns Hopkins, and a PhD from MIT.

Alexis Bateman

Course Lead, MITx MicroMasters® Program in Supply Chain Management at Massachusetts Institute of Technology
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Experience Level

Advanced

Learning Partner

Massachusetts Institute of Technology

Program Type

MicroMasters®

Subject

Business & Management
Advanced Business Harvard X-Series