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Supply Chain Optimization
  • Level Professional
  • Duration 8 hours
  • Course by University of California, Irvine
  • Offered by

About

Optimization is an important piece of an agile supply chain. In this course, we will explore the components of optimization and how to set up an optimization problem in Excel. We will also practice capacity and resource optimization and explore examples of both in the supply chain. Building off of our optimization practice, we will next learn how to use a Monte Carlo simulation to make the least risky decision in uncertain supply chain situations. Finally, we will combine our skills from this and the previous two courses to build a demand and inventory snapshot and optimize it, using a Monte Carlo simulation, to mitigate risks in the supply chain.

Modules

Optimization Defined

    • 1 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Module 1 Knowledge Check

1 Discussions

  • Activity

1 Videos

  • Use of Optimizations in the Supply Chain

2 Readings

  • Introduction to Optimization
  • Optimization Example

Capacity Optimization

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Module 2 Knowledge Check

1 Discussions

  • Applying Capacity Optimization to Everyday Tasks

1 Videos

  • Capacity Optimization

1 Readings

  • Capacity Optimization Examples

Resource Optimization

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Module 3 Knowledge Check

1 Discussions

  • Optimizing Resources by Minimizing Total Cost

1 Videos

  • Resource Optimization

1 Readings

  • Common Resource Optimization Problems

Monte Carlo Simulation

    • 1 Videos
    • 4 Readings
    • 1 Discussion
    • 1 PeerReview
    • 1 Assignment
Show info about module content

1 Assignment

  • Module 4 Knowledge Check

1 Peer Review

  • Analyze Supply Chain Performance

1 Discussions

  • Whole Specialization Reflection

1 Videos

  • Monte Carlo Simulation

4 Readings

  • Introduction to Simulation
  • Monte Carlo Simulation
  • Monte Carlo Examples in the Supply Chain
  • Benefits of Using Monte Carlo Simulation

Auto Summary

Unlock the secrets of agile supply chains with this expert-led course on Supply Chain Optimization. Dive into optimization techniques, Excel problem setups, capacity and resource management, and Monte Carlo simulations. Ideal for professionals in Business & Management, this 480-minute Coursera course offers practical skills to mitigate risks and enhance efficiency. Available with a Starter subscription.

Paul Jan
Instructor

Paul Jan