These five courses comprise the MITx MicroMasters Credential in Supply Chain Management. NOTE: The prerequisites for each course are only recommendations and are not hard requirements. While it is preferred that students take the classes in the numbered sequence, they may be taken in any order.
CTL.SC0x - Supply Chain Analytics
Description: This course introduces and explains the analytical methods generally used by logistics and supply chain practitioners. The course will cover topics with a focus on: basic data management (cleaning, handling etc.), Probability (random variables, continuous and discrete distributions, measurement, etc.), Statistics (sampling and inference, hypothesis testing, regression, etc.), Simulation (Monte Carlo, Discrete Time period), and Optimization (classic unconstrained, network models, and linear, integer and mixed linear programs). The focus is on the application of these techniques and methodologies to problems in the supply chain space.
CTL.SC1x - Supply Chain Fundamentals
Description: This course is a survey of the fundamental analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. We place a strong emphasis on the development and use of fundamental models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations. The three main topic areas we will focus on are: Demand Forecasting, Inventory Management, and Transportation Planning. While our main objective is to develop and use models to help us analyze these situations, we will make heavy use of examples from industry to provide illustrations of the concepts in practice. This is neither a purely theoretical nor a case study course, but rather an analytical course that addresses real problems found in practice.
CTL.SC2x - Supply Chain Design
Prerequisites: SC0x and SC1x
Description: This course covers all aspects involved in the design of supply chains for companies and organizations anywhere in the world. The course is divided into four main topic areas: Physical flow design, Supply chain finance, Information flow design, and Organization/Process design. In the design of physical flows, we show how to formulate and solve Transportation, Transshipment, Facility Location, and Network Design Problems. For financial flows we show how to translate supply chain concepts and actions into the language of the Chief Financial Officer (CFO) of a company. We cover Activity Based Costing, Working Capital, the Cash-to-Cash cycle and Discounted Cash Flow Analysis. The design of the information flow section describes how firms communicate with suppliers (procurement, risk contracts), internal resources (production planning, bills of materials, material requirements planning), and customers (Sales & Operations Planning and other collaboration based processes). In the last section, we introduce performance metric design and organizational design within the supply chain organization focusing mainly on the centralize/decentralize decision.
CTL.SC3x - Supply Chain Dynamics
Prerequisites: SC0x, SC1x, and SC2x
Description: This course covers additional aspects of supply chains. Topics introduced include: Supply Chain Strategy, Supply Chain Risk, System Dynamics, Global Logistics, Freight Transportation, Warehouse Management, etc. Other special topics to be covered include Sustainability, Urban Logistics, and Humanitarian logistics.
CTL.SC4x - Supply Chain Technology and Systems
Prerequisites: SC0x, SC1x, SC2x, and SC3x
Description: This course will cover the technology used within supply chains with a special focus on handling exceptionally large data sets. The topics covered include: Databases, SQL, Data visualization, and Large Scale analysis. Additionally, we will introduce and explain interactions and connections between systems used within supply chains, to include: Order Management Systems, Transportation Management Systems, Warehouse Management Systems, Inventory Management Systems, etc.