Supply Chain Dynamics

• Inventory Management: Continuous review, periodic review
• Transportation options: One-to-one, One-to-many, Many-to-many
• Total cost equation: Total cost = Purchase (unit value) Cost + Order (set up) Cost + Holding (Carrying) Cost + Shortage Cost
• Supply Chain Operations Reference Model
• Fisher's model: innovative versus functional products
• Network models: transportation problem, transshipment problem
• Facility location models: continuous single facility problem, network facility location, multiple location selection model, enforcing Level-of-service (LOS)
• Transportation data collection
• Network design baselines
• Robustness in supply chain network models, demand uncertainty
• Multi-commodity flows
• Chain approach to flexibility
• Time-expanded networks
• Inventory considerations in supply chain network models
• Accounting fundamentals: Income statement, balance sheet, depreciation, LIFO vs FIFO
• Cost Accounting, overhead, fixed versus variable, traditional cost systems, actual cost systems, activity based costing, working capital, Cast-to-Cash-Cycle
• Investments and future cash flows, investment evaluation, EBIT and EBITDA, projected cash flows, inflation, relevant cash flows, free cash flows, working capital cash flows
• Discounted cash flow analysis: Figure of merit, payback period, return on assets, net present value, internal rate of return, terminal value, inventory holding cost
• Auction theory: auction metrics, types of auctions, information distribution, bidding strategy, revenue equivalence, winner's curse, practical considerations
• Procurement strategy: price ice berg, value and risk mapping, sourcing process, value-based sourcing, financial hedging, physical hedging, capital goods purchasing, outsourcing, purchasing social responsibility
• Procurement optimization: item-supplier specific constraints, optimizing with service attributes, system attributes/constraints, economies of scope, combinatorial auctions
• Supply contracts: wholesale price contracts, overage and underage cost, optimal order quantity in single period model, channel coordination, buyback contract, revenue sharing contract
• Fixed planning horizon: master production schedule, production planning MILP
• Material and distribution requirements planning: available to promise, materials requirements planning, bill of materials, MRP coordination, distribution requirements planning
• Connecting sales to operations: aggregate planning model, demand elasticity, monthly sales & operations planning process
• Coordination and collaboration: bullwhip effect, quantifying and counteracting
• Organizational, process, and performance metric design: centralization vs decentralization, supply chain processes, performance metrics, metric trade-offs, balanced metrics

Supply Chain Fundamentals

• Demand forecasting: Types, limitations, uses;
• Forecasting metrics: MD, MAD, MSE, RMSE, MPE, MAPE;
• Time Series Analysis: Cumulative, Naive, Moving Average, Level, Trend, Seasonal;
• Exponential Smooth: Simple, Level & Trend, Damped trend model, Mean square error estimate;
• Exponential Smoothing with Holt-Winter: Simple, Holt Model, Seasonality, Double exponential, Normalizing seasonality indices;
• Forecasting using causal analysis: Ordinary least squares linear regression, Model validation, Multiple linear regression, Coefficient of determination, Adjust R^2;
• Forecasting for special cases: Analogous forecasting, New-to-world products (Bass Diffusion model), Intermittent demand (Croston's method);
• Inventory Management: Holding inventory, Inventory classification, Relevant Costs;
• Economic Order Quantity (EOQ): EOQ Model, Optimal order quantity, Optimal time between replenishments, Sensitivity analysis;
• Economic order quantity extensions: Average pipeline inventory, discounts, Finite replenishment;
• Single period inventory models: Marginal analysis, EOQ with planned back-orders, News-vendor model, Profit maximization, Expected profits with salvage and penalty, Expected units short;
• Probabilistic inventory models: Base stock policy, Continuous review policies, Level of service metrics, Cycle service level, Cost per stock out event, Item fill rate, Cost per item short, Inventory performance metrics, Safety stock logic, Periodic review policy;
• Inventory models for multiple items and locations: Aggregation methods, Exchange curves, Cycle stock, safety stock, Power of two formula, Pooled inventory;
• Inventory models for class A and C items: Management by segment, Policies, Disposing of excess inventory;
• Fundamentals of Freight Transportation: Trade-offs between cost and service, Packaging, Transportation networks;
• Lead time variability & mode selection: Impact on inventory, Transportation cost functions, Lead/Transit time reliability;
• One to many distribution: Distribution methods, One to many systems, distance estimation, Estimating tour distance;