When you enroll in this course, you'll also be enrolled in this Specialization.
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Develop job-relevant skills with hands-on projects
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There are 4 modules in this course
Supply Chains are made up of a network of companies from the initial raw materials to the ultimate consumer of the finished product. Within this network of companies, there are three ongoing flows: products, information, and finances. To properly understand and manage the supply chain, you need to understand all the flows. If you do not consider all of the flows, you will miss opportunities or sub-optimize parts of the supply chain.
The third of five courses in this specialization will focus on Operations Excellence. You will learn how the internal flow of products, information, and finances into the company facilitates the supply chain. It will consist of four modules, which will cover the following topics: internal product flow; internal information flow; internal financial performance; and finally the capstone case study.
You will have lectures, readings, and discussions with your peers for each topic, as well as a practice quiz in each lesson. At the end of each module, you can put your knowledge to the test and take a graded quiz. The Capstone Analysis module contains a real-life case analysis, as well as a supply chain management project that will enable you to be an expert on a company of your choosing.
Manufacturing Excellence facilitates the transformation of products through the manufacturing system of the firm. To achieve manufacturing excellence, the firm must be able to produce items efficiently and effectively to the highest specifications at the lowest possible cost. The module is made up of the following two lessons: 1. Manufacturing Efficiency, 2. Contract Manufacturers
BCGs Latest Thinking on Lean & Manufacturing•30 minutes
Manufacturing from the ground up•10 minutes
Lean versus Agile•10 minutes
Adidas' Speedfactory•10 minutes
Manufacturing for Li and Fung•15 minutes
Apple's Contract Manufacturers•10 minutes
3 assignments•Total 120 minutes
Internal Product Flow•60 minutes
Manufacturing Efficiency•30 minutes
Contact Manufacturers•30 minutes
2 discussion prompts•Total 30 minutes
Manufacturing in practice•15 minutes
Discuss Reading•15 minutes
Module 2: Internal Information Flow
Module 2•7 hours to complete
Module details
This module will focus on internal data and mostly highlight how companies can use data within the manufacturing environment. Specifically, we will introduce the Industry 4.0 concept. Afterwards, we have one more forecasting topic to cover. It will involve trends and seasonality.
The Goals of Operations: Speed, Flexibility, Quality, and Cost•4 minutes
Lean Operations•6 minutes
Theory of Constraints•4 minutes
Lean Operations•6 minutes
Theory of Constraints•4 minutes
From "Quality is Free" to "Six Sigma"•6 minutes
DMAIC and the Define Stage•2 minutes
Screencast of DMAIC and the Measure Stage•4 minutes
Screencast of DMAIC and the Analyze Stage•5 minutes
Screencast of DMAIC and the Improve Stage•5 minutes
Screencast of DMAIC and the Control Stage•3 minutes
7 readings•Total 115 minutes
Article : Industry 4.0•10 minutes
Industry 4.0•10 minutes
"Lean Thinking" by Womack and Jones•15 minutes
"The Goal" by Goldratt•30 minutes
"Lean Thinking" by Womack and Jones•15 minutes
"The Goal" by Goldratt•30 minutes
Summary of the DMAIC Example•5 minutes
4 assignments•Total 120 minutes
The Goals of Operations•30 minutes
The Goals of Operations•30 minutes
Quality Management and the DMAIC Methodology•30 minutes
Big Data Manufacturing•30 minutes
10 discussion prompts•Total 115 minutes
Industry 4.0•15 minutes
Lean Thinking•10 minutes
Theory of Constraints•15 minutes
Lean Thinking•10 minutes
Theory of Constraints•15 minutes
What should happen after the Define Stage?•10 minutes
What should happen after the Measure Stage?•10 minutes
What should happen after the Analyze Stage?•10 minutes
What should happen after the Improve Stage?•10 minutes
What should happen after the Control Stage?•10 minutes
Module 3: Internal Financial Performance
Module 3•3 hours to complete
Module details
This module focuses on how Supply Chain Management can contribute to the internal financial performance of the company. Specifically, the concept of Supply Chain Capital is explored, which is often the cheapest form of funding that a company can use. In addition, we discuss the importance of inventory to the financial standing of a company, but we also view it from the perspective of customer service.
Why Off-Price Retailers Are Managing Inventory Better than Department Stores•15 minutes
McKinsey estimates stock-outs for automotive, retail supply chains by end of March, April 2020•15 minutes
3 assignments•Total 90 minutes
Internal Financial Flow•30 minutes
Supply Chain Capital•30 minutes
Inventory•30 minutes
2 discussion prompts•Total 30 minutes
Supply Chain Capital•15 minutes
Inventory•15 minutes
Module 4: Operations Excellence Capstone
Module 4•4 hours to complete
Module details
Now that we have reached the end of this course, it is time to put all of your new knowledge to the test. Not only will you be able to take a second attempt at your SCM project by improving your original submission and adding a new section on information flow. Finally, you will perform a quantitative analysis of a real-life business case and suggest improvements.
What's included
1 reading2 peer reviews
Show info about module content
1 reading•Total 30 minutes
Medical Devices Industry Case Reading•30 minutes
2 peer reviews•Total 180 minutes
Medical Devices Industry Case Study•120 minutes
Part 2 - Peer Feedback•60 minutes
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.