The Diploma in Supply Chain Management course is a Diploma course that explains what supply chain management is and how it can be a key component in organizational success.
You will learn how modern supply chain ecosystems now comprise of a network of companies, countries and their governments, social and political organisations, natural, industrial (clusters), financial and human resources, delivery infrastructure including logistics and IT, and knowledge of the industrial environment. You will see how within these ecosystems, each configuration is unique to the particular enterprise that owns that supply chain. It is said that in today's market, firms don't compete, supply chains do. This course explains what supply chain design is and provides insights on how to design supply chains to give them competitive advantages over competing supply chains. Supply risk involves adverse and unexpected changes to any elements of a supply chain ecosystem.
The aim of SCRM is to reduce supply chain vulnerability by identifying and managing risks within the supply chain and external to it. The course gives examples of resource uncertainties, characteristics of Wicked problems, and describes the elements of a cyber attack. It also lists the six strategies to reduce overall risk exposure.