Back to Supply Chain Management: A Learning Perspective
Korea Advanced Institute of Science and Technology(KAIST)

Supply Chain Management: A Learning Perspective

As a human being, we all consume products and/or services all the time. This morning you got up and ate your breakfast, e.g., eggs, milk, bread, fresh fruits, and the like. After the breakfast, you drove your car to work or school. At your office, you used your computer, perhaps equipped with 27” LCD monitor. During your break, you drank a cup of coffee and played with your iPhone. So on and so forth. You probably take it 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 eventually delivered to you, you will realize that each one of these is no short of miracle. For example, which fruit do you like? Consider fresh strawberries. In order for the strawberries to be on your breakfast table, there must be numerous functions, activities, transactions, and people involved in planting, cultivating, delivering, and consuming strawberries. Moreover, all of these functions, activities, transactions, and people are connected as an integral chain, through which physical products like strawberries themselves and virtual elements such as information and communication flow back and forth constantly. By grouping related functions or activities, we have a supply chain, comprised of four primary functions such as supplier, manufacturer, distributor, and finally consumer. A supply chain is essentially a value chain. For the society or economy as a whole, the goal is to maximize value, i.e., to create satisfactory value without spending too much. In order to create the maximum value for the strawberry supply chain, every participant in the chain must carry out its function efficiently. In addition, all of the members must coordinate with each other effectively in order to ensure value maximization. We have to face the same issues for almost all the products and services we take for granted in our everyday life, e.g., cars, hamburgers, haircuts, surgeries, movies, banks, restaurants, and you name it! In this course, we want to understand fundamental principles of value creation for the consumers or the market. We try to answer questions like how the product or service is made, how the value-creating activities or functions are coordinated, who should play what leadership roles in realizing all these, and so on. As our course title hints, we approach all of these issues from a learning perspective, which is dynamic in nature and emphasizes long-term capability building rather than short-term symptomatic problem solving.

Status: Supply Chain Management
Status: Consumer Behaviour
Course18 hours

Featured reviews

NM

5.0Reviewed Jul 20, 2023

It was a great learning experience. Thanks to Professor Bowon Kim for giving us the valuable insights of Supply Chain Management in a very Macro and Micro level contents.

BB

5.0Reviewed Jul 27, 2020

A good elaborative course on supply chain management. Thank you Professor kim for your valuable inputs in terms of examples which makes the course more enthusiastic.

AA

5.0Reviewed Apr 18, 2020

This course contains all important concepts to know in SCM.i hope this course makes a foundation to apply in your work . Thanks to Our Mr. Kim who taught us in a very simple way and very elaboratey.

SS

5.0Reviewed Jul 31, 2016

I was really an honor to have certification under KAIST and professor Bowon Kim, it was really a great experience to have this certification under your guidance. Thank you.

TN

5.0Reviewed Jul 18, 2022

Dear All,I want to thank all whom sponsored me on this course,i can't forget Professor Bowon Kim on his professional lectures from the beginning to the end.Thank you again.

AR

5.0Reviewed Oct 14, 2017

It was a successful course , very clearly and Useful!. I hope that KAIST develop news courses about supply chain management. Thank you very much for share knowledge!

DC

5.0Reviewed Apr 1, 2023

This is very helpful to all of us, especially students who need to enhance and develop their knowledge more. Thank you for this free course. I hope many students will know about this too!

VM

5.0Reviewed Apr 22, 2020

Professor Kim is extraordinary.Used very simple methods to handle this management subject.I am thoroughly enjoyed this course as well as professor's way of teaching

MP

5.0Reviewed Apr 3, 2017

Thank you for giving me excellent information on supply chain management.It is very helpful course for me. Thank you Korea advanced institute of science and technology and coursera.

MS

5.0Reviewed Jul 4, 2024

the courses is about fundamentals more over its give you the insights with in the industry . its recomendabale some whos is seeking get to know scm and logistics industry

GS

4.0Reviewed May 14, 2020

I would like to thank the respectful professor for making this course Wonderful.He made all the lectures in a crystal clear manner, which is very easy to understand.Thank You Sir.

FA

5.0Reviewed Sep 19, 2017

It is a really good course to improve your skills in Suply Chain Management. I have learnt a lot and I have improved my knowledge in this area. Thank you very much.

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