This course provides a basis for understanding the supply chain and related
organizational dynamics. A supply chain includes all activities and processes
used to provide a product or service to the final customer. It also includes
the activities and processes to manage the flows of information, funds, and
returned goods among the supply chain entities.
Each organization participates in one or more supply chains, and each supply
chain competes with other supply chains in the same market segments. The
entities in a supply chain can attempt to maximize efficiency, effectiveness,
and/or agility. This course explores the entities in a supply chain and the
flows and relationships among them. It also explores historical objectives of
the functional organizational units within enterprises and how these
objectives can create conflicts.
After completing this course, you should be able to:
Describe the role and importance of manufacturing in an economy.
Describe the entities that participate in the supply chain and the relationships between them.
Explain the flows within a supply chain.
Explain the potential conflicts and the need to balance those with organizational, functional executives within an organization.