The virtual course "Supply Chain Management: A Learning Perspective - Virtual Course - Coursera", is a course with different contents and offers video classes of Approx. 18 hours to complete. Explore its essential features, and click the orange button to get detailed information on the Coursera e-Learning platform
As a human being, we all consume products and/or services all the time.
This morning you got up and had breakfast, for example, eggs, milk, bread, fresh fruits and the like.
After breakfast, he would drive his car to work or school.
In his office, he used his computer, perhaps equipped with a 27” LCD monitor.
During his break, he drank a cup of coffee and played on his iPhone.
So on and so on.
You probably take for granted that you can enjoy all of these products.
But if you take a closer look at how each of these products can be made and ultimately delivered to you, you will realize that each of these is a miracle.
For example, what fruit do you like? Consider fresh strawberries.
For strawberries to be on your breakfast table, there must be numerous functions, activities, transactions, and people involved in the planting, growing, delivery, and consumption of strawberries.
Furthermore, all of these functions, activities, transactions, and people are connected as an integral chain, through which physical products like strawberries and virtual items like information and communication flow back and forth constantly.
By grouping related functions or activities together, we have a supply chain, made up of four main functions such as supplier, manufacturer, distributor, and finally consumer.
A supply chain is essentially a value chain.
For society or the economy as a whole, the goal is to maximize value, that is, to create satisfactory value without spending too much.
To create maximum value for the strawberry supply chain, each participant in the chain must perform their role efficiently.
Furthermore, all members must coordinate with each other effectively to ensure value maximization.
We have to face the same problems for almost all the products and services that we take for granted in our daily lives, for example, cars, hamburgers, haircuts, surgeries, movies, banks, restaurants, and you name it! In this course, we want to understand the fundamental principles of creating value for consumers or the market.
We try to answer questions such as how the product or service is made, how the activities or functions that create value are coordinated, who should play what leadership roles in doing all this, etc.
As the title of our course suggests, we approach all of these problems from a learning perspective, which is dynamic in nature and emphasizes long-term capacity development rather than short-term symptomatic problem solving.
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Korea Advanced Institute of Science and Technology (KAIST)
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