- Explore the fundamentals of source inputs within a supply chain.
- Examine the role of returning products in a supply chain.
- Determine how to calculate total costs.
- Explore the role of investing in flexibility when managing a supply chain.
- Discover how to increase visibility with a control tower.
- Identify the role innovation plays in supply chain management.
- Examine how artificial intelligence and machine learning help to monitor supply chain trends.
- Break down the fundamentals of selecting the right technology when implementing a supply chain agenda.
- Determine the best ways to collaborate externally when implementing a supply chain agenda.
Skill Level Intermediate
- Successful businesses can't operate in a silo. They need to coordinate decisions between their internal functions and they need to collaborate with their customers and suppliers. That's because each business is just one link in a supply chain. And every supply chain is only as strong as its weakest link. So supply chain management is more than a job, it's a philosophy. It's a way of understanding how a company creates value and how it connects to the rest of the world.
Adopting this systems view starts with learning the tools, the rules, and the language of supply chain management. My name is Daniel Stanton, and I've been fortunate to see the benefits that companies can achieve by managing their supply chains correctly. Now I want to show you exactly how it's done. I'll introduce you to essential tools for implementing supply chain management in your own company. I'll explain how supply chain management can help you lower costs, improve service, reduce risks, and increase your profits.
Let's start by defining exactly what I mean when I talk about supply chains. A supply chain is a complex system made up of people, processes, and technologies that is engineered and managed to deliver something of value to a customer. When you think about it that way, every product and every service has a supply chain. The ultimate goal for any supply chain is to deliver the right product or service to the right customer at the right place and the right time, in the right condition, for the lowest total cost.
Delivering those five rights day in and day out takes careful planning and consistent execution. I believe that supply chain management is really the key to success for most businesses. I'm confident that the material in this course will help you be more successful. So let's dive right into learning how to implement supply chain management.