In this course, we will take a broad view of a “supply chain.” A firm’s supply chain consists of all operational processes that create value for the firm. Supply chain management therefore involves the coordination of multiple processes. In addition, these value-creating processes are typically fragmented and dispersed across organizational and national boundaries. This fragmentation creates opportunities (e.g. lower costs) but also challenges (e.g. longer lead times). Firms therefore need to find a way to exploit the benefits provided by fragmented supply chains, while making sure that the challenges are managed effectively.
This course will expose students to the challenges involved in managing supply chains and understand the complexity of inter-firm and intra-firm coordination. In addition to the basic challenges and trade-offs associated with reducing costs and increasing responsiveness, we will also discuss supply chain resilience (i.e. the ability to adapt to unexpected developments), supply chain security, innovation and technology in supply chains and sustainability issues in supply chains. The goal of the course is to develop a framework to address supply chain management challenges.
This course complements BASC 524: Supply Chain Analytics. Roughly speaking, while BASC 523 focuses on the challenges involved in managing a supply chain, BASC 524 focuses more on designing the supply chain. Of course, the design of the supply chain influences how it is managed (and vice versa) so the two issues are closely related and there will always be some overlap while discussing these issues.
Instructor Biography - Harish Krishnan
Course Outline - Class of 2019 (updated November 20, 2017)
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