Introduces concepts of supply chain design and operation. Topics include demand estimation, location and capacity planning, process analysis, inventory management, revenue management, supply chain procurement and coordination, and emerging topics in supply chains. A major aspect of the class is a student project on supply chain design.
At the end of the term, students will be able to:
- Develop an understanding of the challenges in the design and operation of supply chains.
- Learn modeling skills and problem-solving tools, applicable to the design, planning, and operation of supply chains.
- Conduct projects related to the design of a supply chain.
- Formulate mathematical models for demand modeling and forecasting, network design and transportation, production flow control and inventory management, revenue management, procurement and contracting.
- Solved above problems using xl based solvers.
- Present and critiqued industry cases related to above topics as well as emerging topics in supply chains.
- Participate in supply chain related simulation game that simulates real world decision making scenarios.
(For Intake AY2019)
- 40.012 Manufacturing and Service Operations and 40.004 Statistics (or 30.003/50.034 Introduction to Probability and Statistics)
(For Intake AY2020 and onwards)
Image Credit (http://www.advantagefactory.com/images/supply_chain.jpg)