Supply chain management aims to monitor and supervise flows of raw materials, semi-finished components and finished products in a complex network of companies. Hence, the challenge of supply chain management concerns integrating and synchronizing these flows across independent companies worldwide, and ultimately ensure fast and cost-effective deliveries. Many experts believe that competition is being played no longer between individual firms, but between value chains and therefore on how well supply chain management is able to coordinate these firms.
This course will shed light on several logistics functions in a supply chain, i.e. demand planning and forecasting, aggregate planning, logistics, warehousing, transport and distribution etc. Hence, providing a broad view and understanding about the peculiarities of these functions and how they should be optimally controlled and monitored. Thereafter, the course will take a strategic perspective and discuss medium-long term decision making aiming to optimize performance, coordinate supply chain companies, while ensuring sustainable and secure operations in line with companies’ social responsibilities goals.
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Content and learning outcomes
The course covers the following fields:
- Process descriptions of supply chains and of how these are led and controlled.
- The role of the logistic for management and control of supply chains.
- Methods to measure a the performance of supply chains, network design, facility location and capacity.
- Demand forecasting with adaptive and static models.
- Aggregate planning.
- The Bullwhip-effect, coordination problems and the role of IT.
- Inventory management models for deterministic and stochastic demands and effects of lead time uncertainty.
- Transportation in supply chains, multi-modal networks and their impact on supply chains.
- Effect of different logistics solutions and supply chain configurations on sustainability and optimal management strategies.
Intended learning outcomes
After passing the course, the students should be able to:
- Apply mathematical models for adaptive and static forecasting and optimal inventory management
- Apply linear programming techniques to optimise aggregate planning and network design problem
- Describe cost efficient balance for design of supply chains/distribution network
- Describe and apply different strategies to decrease the total costs in supply chains
- Apply "scale-curve utlilization" on problems that concern the design and optimal handling of resources of the supply chains
- Synthesise and evaluate the effects of capacity changes in supply chain management
- Describe, explain and synthesise subjects that concern logistic and supply chain management.
- Apply mathematical models for anticipating demand solve/optimise problems in aggregate planning, inventory management and resource exploitation
- Analyse a given case and create and explain an optimal and sustainable solution by applying strategies in logistic and Supply Chain Management.
See the course syllabus.
Literature and preparations
Satisfies the requirements for a Degree of Bachelor
ME1003 Industrial Management or ME1314 Introduction to Industrial Engineering and Management
Completed Documented knowledge in English B or the equivalent
None in addition to the specific prerequisites.
Course literature will be announced at the start of the course.
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
A, B, C, D, E, FX, F
- INL3 - Assignment, 2.0 credits, grading scale: A, B, C, D, E, FX, F
- INL4 - Assignment, 1.0 credits, grading scale: P, F
- TEN2 - Examination, 3.0 credits, grading scale: A, B, C, D, E, FX, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Opportunity to complete the requirements via supplementary examination
See the course syllabus.
Opportunity to raise an approved grade via renewed examination
Decided by the examiner.
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.Course web ME2053
Main field of study
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Luca Urciuoli (email@example.com)