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Business Operations Supply Chain

Supply Chain Management in a VUCA World

Perform a deep dive into the world of supply and demand, sourcing, inventory and logistics witin an uncertain world
Rating: 4.2 out of 54.2 (111 ratings)
2,261 students
Created by Michael Boyle
Last updated 3/2021
English
English [Auto]
30-Day Money-Back Guarantee

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

5 sections • 36 lectures • 4h 30m total length

  • Preview03:45
  • Introduction - Supply Chains in a VUCA World
    38:23
  • Power Law
    04:25
  • Preview03:39
  • Supply and Demand Meets the Bullwhip Effect
    09:59
  • The Five Forces of Supply and Demand
    09:52
  • Push and Pull
    10:02
  • What is an SKU?
    07:20
  • ABC Analysis
    06:42
  • Preview03:13
  • First, Second and Third Tier Supply Chains
    06:18
  • Supply Chain Segmentation
    11:37

  • Sourcing Workflow
    12:28
  • Types of Contracts
    09:24
  • Preview03:23
  • Vested Outsourcing
    03:41

  • Primary and Secondary Resources
    08:38
  • Kanban. Throughput and Flattening the Curve
    24:27
  • Data and Forecasting
    04:40
  • Useful and Non-Useful Data
    03:27
  • Estimation
    06:15
  • Scenarios
    04:42
  • Sensitivity Analysis
    04:34
  • Take -> Make -> Dispose
    03:43
  • Cycle Time vs. Takt Time
    12:11

  • Logistics versus Supply Chain Management
    02:00
  • Risk Analysis
    05:05
  • Network Diagram
    07:06
  • Warehouse Process
    09:37
  • Cross Docking
    08:36
  • Going Back Is a Waste
    02:59

  • Business Process Management vs. Supply Chain Management
    04:04
  • The Beauty of the Outcome-Based Model
    04:09
  • Linear is to Homogenity as Ecosystems are to Heterogeneity
    03:17
  • Systems Are So Popular, Everyone Wants Their Own
    03:14
  • Contextual Supply Chain Management
    03:37

Instructor

Michael Boyle
MD Procurro Solutions LLC
Michael Boyle
  • 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.

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