Supply Chain Management

This course introduces higher education students to the fundamental aspects of supply chain management, drawing upon established principles and practices.

The course begins with an introduction to supply chain management, providing a clear overview of key concepts and the integral role of supply chains in the global economy. In designing the supply chain network, students explore the criteria for creating effective and adaptable networks that align with business strategies. Next, the section on planning and coordinating demand and supply offers insights into balancing demand forecasting, inventory management, and sales and operations planning to ensure a consistent flow across the supply chain.

The course continues with production, distribution, and logistics and delves into the operational aspects, exploring methods to optimize production schedules, distribution networks, and logistics operations. Sourcing and procurement covers essential strategies for supplier selection, negotiations, contract management, and strategic partnerships.

Students will then examine economic principles that influence supply chain decisions, understanding concepts such as cost-benefit analysis, economic order quantity, and the bullwhip effect. The impact of IT section outlines how information technology, including ERP and SCM software, contributes to modern supply chain management.

Returns and reverse logistics are explored next, guiding students through processes of returns, recycling, and remanufacturing.

Finally students are guided through how effective Supply Chain Management can be utilised to optimise financial returns of the company.

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Features

Theory, questions, and solutions in a module
Developed by industry professionals, ensuring relevance and practical application
Case based learning preparing students for exams and/or professional assignments
Adaptive question module, offering instant feedback on thousands of questions to accelerate the learning experience
Customized learning journey aligned to your course’s learning objectives

Overview of Contents

Introduction to Supply Chain Management
The course starts with an introduction to supply chain management, outlining its foundational concepts and the role it plays in the global economy.	        
Designing the Supply Chain Network
Students explore the criteria for developing effective and adaptable supply chain networks. Emphasis is placed on strategic alignment with overarching business goals and understanding network design models, which include strategies for designing distribution networks, facility location, and capacity allocation.	        
Planning and Coordinating Demand and Supply
This section delves into balancing demand forecasting, inventory management, and sales and operations planning. Here, students are introduced to tools and techniques like forecasting models and aggregate planning to ensure a consistent flow across the supply chain.	        
Production, Distribution, and Logistics
Students learn to optimize production schedules, distribution networks, and logistics operations. Through practical examples, they grasp concepts such as Just-In-Time (JIT) production, distribution strategies, and logistics management.	        
Sourcing and Procurement:
This part of the course covers essential strategies for supplier selection, negotiations, contract management, and strategic partnerships. Students examine theoretical frameworks and models like Total Cost of Ownership (TCO) and strategic sourcing.	        
Economic Principles
Students examine economic principles that influence supply chain decisions, delving into concepts such as cost-benefit analysis, economic order quantity (EOQ), and the bullwhip effect.	        
Impact of IT
This section outlines how information technology, including ERP and SCM software, contributes to modern supply chain management, focusing on how IT facilitates integration and efficiency within supply chains.	        
Returns and Reverse Logistics
Students are guided through the processes of returns, recycling, and remanufacturing, understanding how reverse logistics is a crucial component of modern supply chain management.	        
Finance in Supply Chain Management
Here students will learn how effective Supply Chain Management can improve the Return on Capital Employed (RoCE).	        

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