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A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
In 2018, MIT admitted its first batch of 40 students into its blended supply chain management program from graduates of its MicroMasters program, reducing its usual 10-month program to 5 months. [15] This pilot also saw 200,000 people signing up, 19,000 earning certificates and 800 sitting for the final proctored examination. [ 16 ]
The organization offers certification programs, training tools, and networking opportunities for the purpose of increasing workplace performance in supply chain. [6] The Supply Chain Council (SCC) merged into APICS on 5 August 2014. [7] APICS also merged with the American Society of Transportation and Logistics (AST&L) in 2015. The organization ...
In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. [6] Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. [7]
Typically, supply-chain managers aim to maximize the profitable operation of their manufacturing and distribution supply chain. This could include measures like maximizing gross margin return on inventory invested (balancing the cost of inventory at all points in the supply chain with availability to the customer), minimizing total operating expenses (transportation, inventory and ...
Coursera Inc. (/ k ər ˈ s ɛ r ə /) is an American global massive open online course provider. It was founded in 2012 [ 2 ] [ 3 ] by Stanford University computer science professors Andrew Ng and Daphne Koller . [ 4 ]
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