Supply Chain Risk
About this Module
With increasing globalization, severe weather events, and political uncertainties, supply chain managers deal with a myriad of risks on a daily basis. This module explores how supply chain professionals make decisions with incomplete information and navigate uncertainty in the face of disruption. Operating effectively in “the gray” requires both structured analytical tools and sound managerial judgment. The module describes major sources of supply chain risk and presents practical mitigation strategies used in industry. You are introduced to two quantitative approaches that support disciplined decision making: (1) decision making under complete uncertainty, where probabilities are unknown, and (2) decision making under risk, where probabilities of future states of nature can be estimated. These techniques can provide objective evidence to back up decisions made by supply chain managers in an uncertain world.
Overview
Modality
Online
Format
Asynchronous
Pricing
$398.00
Explore Our Online Certificate Program Offering
Finance Certificate
This certificate provides a comprehensive exploration of supply chain management, examining how companies transform raw materials into finished products delivered to end consumers. It covers strategies and tactics for optimizing supply chains, including developing supplier networks and designing efficient logistics systems. The course also addresses the identification and management of supply chain risks. Through hands-on exercises and Excel-based applications, it emphasizes the application of quantitative techniques to support informed and effective supply chain decision-making.
- Length: 5 online modules
- Format: Fully online, asynchronous, and self-paced to support flexible learning
- Recognition: Shareable digital badges earned per module; full certificate awarded upon completion
