Supply Chain Management

Course Description:

This course provides a comprehensive understanding of the principles and practices involved in managing the flow of goods, services, information, and finances across the supply chain. It covers key areas such as procurement, logistics, inventory management, distribution, demand forecasting, and supply chain coordination. Students will explore strategies for improving efficiency, reducing costs, managing risks, and enhancing customer value. The course also addresses current trends such as digital supply chains, sustainability, and global supply chain challenges, equipping learners with practical tools for real-world application.

Course Curriculum:

Module 1: Introduction to Supply Chain Management

• Definition and objectives of SCM
• Evolution and importance of SCM in business
• Components and flows in a supply chain: Information, product, and cash
• Supply chain vs. logistics
• Key drivers of supply chain performance
• Strategic fit and scope of SCM

Module 2: Supply Chain Network Design

• Decision phases in supply chains
• Network design: Facility location and capacity planning
• Distribution network design: Models and trade-offs
• Global supply chain and outsourcing
• Role of e-commerce in supply chains

Module 3: Demand Forecasting and Inventory Management

• Role of forecasting in supply chains
• Forecasting methods: Qualitative and quantitative
• Managing demand variability (bullwhip effect)
• Inventory management: Types, costs, EOQ, and safety stock
• Multi-echelon inventory systems

Module 4: Sourcing, Procurement & Logistics

• Strategic sourcing and supplier relationship management
• Procurement process and supplier selection
• Make vs. buy decisions
• Transportation: Modes, cost trade-offs, and selection
• Warehousing and material handling systems
• Third-party and fourth-party logistics (3PL/4PL)

Module 5: Technology, Sustainability & Trends in SCM

• Role of IT in SCM: ERP, RFID, blockchain, IoT
• Sustainable and green supply chain practices
• Risk management and resilience in supply chains
• Performance measurement and KPIs in SCM
• Future trends: AI, robotics, digital twins, and circular supply chains