MN4480 Supply Chain Management
This course provides a comprehensive exploration of Supply Chain Management (SCM) and its critical role in coordinating the flow of materials, information, and finances across a network of suppliers, manufacturers, distributors, and customers. SCM seeks to balance inventory and service levels to ensure products are delivered efficiently, at the right time and cost, to meet customer demand.
A key distinction between logistics and SCM is their scope: logistics traditionally focuses on the movement and storage of materials within and downstream from the factory, whereas SCM takes a broader, strategic view, integrating upstream and downstream players and emphasizing information flow across the entire network. As a result, SCM has gained prominence at the executive level, given its direct impact on business performance and strategic decision-making.
At its core, SCM aims to align supply and demand by optimizing inventory management, warehouse location, and transportation. This course will examine these elements through a combination of theoretical frameworks and practical applications, addressing both operational and strategic concerns. Special attention will be given to the role of information flow in driving supply chain efficiency.
Students will analyze real-world cases and industry best practices to develop a holistic understanding of SCM and its evolving role in modern business operations.
Prerequisite
The course requires prior understanding of basic statistics and process analysis.
Lecture Hours
4