Supply chain management is much more than getting the right product at the right time to the right location. Supply chain management is all about managing the entire value chain for the competitive advantage of the firm. While it is essential to serve customers with the product of choice at the location of choice, it is key to fulfill the demand in a way that is profitable for the firm. Sustainable profitability should therefore be a fundamental prerequisite when designing, producing, delivering and selling products and services. Effective supply chains are aligned with and support the achievement of the firm’s corporate, business and product strategies, taking into account future opportunities and risks. Supply chain management is a key tool to ensure this profitability.
Ever since emerging as discipline in the 1980s, supply chain management has embraced approaches and methodologies that can be leveraged to minimize cost in the value chain. Complex mathematical models have been developed to optimize facility locations, queuing systems or order quantities. In addition, strategy and tactical aspects must be considered to ensure a smooth supply chain setup. To master supply chains, managers must have good knowledge of qualitative as well as quantitative tools that are applied to advance supply chains to state-of-the art.
In this course, students will get an overview on a broad range of relevant topics in supply chain management and will learn to apply their knowledge in specific situations. Topics covered include strategic supply chain priorities, operating models, matching supply and demand, impact of product design, inventory management, incentives, risk management, and financial supply chain management. The course is ideal for students with limited previous exposure to supply chain management and for students who would like to refresh their knowledge.
Globalization is a megatrend that has shaped our supply chains and logistics networks in a way unthinkable just thirty years ago. Firms have offshored manufacturing operations to their new plants in emerging markets like Eastern Europe and Asia. Other firms have significantly reduced their internal value-add and outsourced large parts of the entire manufacturing to third parties. Accordingly, firms have to manage their complex network of internal and external plants in an effort to deliver their products and services in a profitable way to the demanding customer.
Two key topics that need to be addressed in the context of global networks are supplier management and supply chain design. First of all, trade-offs between internal and external activities need to be identified. If the decision to outsource an activity to an external party was made, the supplier should be carefully selected and managed. We address this topic in the first part of the course (Procurement Networks module). In parallel, the supply chain should be designed to fully leverage all external and internal resources in a sustainable manner, all the way to the customer. We address the topic of supply chain design in the second part of the course (Supply Chain Design module).
Throughout the course, students will learn in-depth analytical tools and methodologies for managing suppliers, designing supply chains and supply networks. The course is ideal for students with previous exposure to supply chain management who would now like to advance to master the addressed topics.
Prof. Dr. Kai Hoberg
Tel: +49 40 328707-276
Fax: +49 40 328707-209