Course Description
In this module, students will gain a comprehensive understanding of logistics and supply chain management and its crucial role in today’s global economy. The module begins with an in-depth exploration of the definition and scope of logistics and supply chain management, comparing it to traditional supply chain methods. Students will learn why effective logistics and supply chain management are essential for business success in a competitive environment and how advancements in technology and globalization have shaped modern supply chains. The module also introduces key concepts, current trends, and innovations within the field, providing a forward-looking view of the industry’s future.
The latter part of the module focuses on strategic logistics and supply chain management. Students will learn how to develop a robust logistics and supply chain strategy, which includes understanding supply chain planning, inventory management, and procurement. Students will also examine the importance of collaboration with suppliers, logistics partners, and customers in creating a seamless supply chain. By the end of this module, students will have the foundational knowledge needed to navigate and manage logistics and supply chains effectively in any business environment.
Module 2: Supply Chain Optimization and Risk Management
This module delves into key concepts in supply chain optimization, including demand forecasting, lean principles, and continuous improvement strategies. Students will explore tools and techniques for improving efficiency, reducing costs, and increasing responsiveness in the supply chain.
The module also covers supply chain risk management, focusing on how businesses can identify potential risks, create contingency plans, and implement strategies to mitigate disruptions. Additionally, students will learn how to monitor supply chain performance, ensuring alignment with organizational goals and customer satisfaction.
