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.
The Korea Advanced Institute of Science and Technology (KAIST) was established in 1971 by the Korean government as the nation’s first research-intensive graduate school for science, engineering and technology. It has now grown into one of the world’s best universities, delivering top notch education and research programs for undergraduate and graduate students. KAIST encourages interdisciplinary and convergent research across a wide spectrum of disciplines, as well as strong collaborations with industry and global institutions.
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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.
Definitely 5 - stars rating. You don't want to turn off your computer or watch Youtube videos anymore once you've entered this course. Definitely an excellent headstart in Supply Chain Management.
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.\n\nThank You Sir.
I am a novice Finance & Accounting professional working in one of the manufacturing industries in Bangladesh. This course has been a great one for me! Thanks to KAIST as well as Coursera!