Supply Chain Management in a VUCA World
What you'll learn
- What supply chain management is about
- Why is supply chain management not the same as business process management or logistics
- Supply chain elements such as the SCOR model
- The challenges supply chain management is confronted with
Requirements
- no prerequisites
Description
Last Update: 08th February 2021
The term VUCA was coined by the US military a number of years ago and is an acronym for volatile, uncertain, complex, and ambiguous. As we can see, the trade disputes and the COVID - 19 pandemics have changed the landscape forever.
This course will give you a good start by explaining the complexity of supply chains, the system thinking required, and the agility needed to manage events in our VUCA world. We cover the basic elements and raise some important questions you need to think about when immersing yourself into the subject.
We break up this course into 5 sections
* Supply Chain Basics - Here we focus on how the current pandemic has affected our basic supply chain principles
* Procurement and Sourcing - How we organize our resources, what are the processes we follow, and how this looks different in a VUCA world
* Production - Where we produce, how we produce, and how we ensure production in volatile times
* Logistics - Whis is logistics, how is it managed today and how is this changing, especially in a digital world
* Supply Chain Perspectives - Looking at the subject from different angles
What makes supply chain management different than business processes and logistics? What issues do we have with technology? How does automation change how supply chains work? All this and more are covered in this course.
Who this course is for:
- beginners to the subject
Course content
- Preview03:45
- 38:23Introduction - Supply Chains in a VUCA World
- 04:25Power Law
- Preview03:39
- 09:59Supply and Demand Meets the Bullwhip Effect
- 09:52The Five Forces of Supply and Demand
- 10:02Push and Pull
- 07:20What is an SKU?
- 06:42ABC Analysis
- Preview03:13
- 06:18First, Second and Third Tier Supply Chains
- 11:37Supply Chain Segmentation
Instructor
![Michael Boyle](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.0 Instructor Rating
- 363 Reviews
- 7,804 Students
- 11 Courses
My journey started in Los Angeles but moved on to different venues after becoming an adult. My first trip to Europe was at 19, and it changed the direction my life would take.
After finishing university, I moved to Berlin but in an unconventional way. I bought a one-way ticket to Hong Kong, not knowing how I would get to Berlin. China had just opened up the borders to individual tourists, so I ended up taking the Trans Siberian Railway through the Soviet Union, Poland, and then eventually West Berlin.
The goal was to stay only for 6 months. 2 years later, I moved from West Berlin to Vienna, where I eventually married a Viennese. We are in year 34 and counting.
We moved back to the US, where I started a career in customer service. Those learnings about customer satisfaction are still very much ingrained in me today.
We came back to Vienna right before the Berlin Wall fell, and it's been my home since. My career moved onto Project Management, Product Management, and Business Analysis, and I worked for different multi-national companies.
I felt that something was still missing, so I set up my own company 8 years ago and have ventured onto activities that I couldn't have imagined beforehand. There is one common thread in all I have done. I love helping people and enjoy making a difference in any way I can. This, simply, has been my driver.
In addition, I have been involved in the world of academia for over a year in teaching this course as well as a number of others. There is nothing more satisfying than helping people reach their potential.