OPM 544: Supply Chain Risk Management – from Strategy to Operations
Contents
Supply chain resilience, network stress-testing, mitigation strategies, and risk-aware decision making – these are concepts that modern Supply Chain organizations need to master to succeed in today’s volatile and uncertain environment. Supply Chain Risk Management (SCRM) has developed to play a key role for firms in achieving competitive advantages in our globalized and turbulent world – reaching from strategic network design to robust operations and harmonized planning execution.
Supply chain management (SCM) as the basis for SCRM involves the coordination of different parties within and across companies, such as sales and marketing affiliates, manufacturing sites, logistics, suppliers, and customers. With increasing size of an organization and its supply chain structures, and with frequent supply shortages, disruptions, and demand peaks, global SCRM requires adequate processes, visibility, and decision support. Advanced Planning Systems like SAP IBP (Integrated Business Planning), enhanced by modern technologies like Risk engines, digital twins, optimization, and machine learning are used to standardize global planning processes and to solve the required planning tasks from the strategic to the operational level, such as statistical forecasting, inventory and supply network planning, and mitigation optimization.
This course discusses how SCRM, end-to-end planning, risk-aware decision making and Demand-Driven Adaptive Planning principles, supported by integrated business planning systems and digital twins, are crucial for companies, addressing new challenges with modern concepts and technologies. Key topics include systematic network stress-testing, a new risk-aware optimization approach, strategic network design and decoupling as well as operations-related topics, such as Demand-Driven buffer sizing and operating model configuration like the Rhythm Wheel for Bullwhip-Effect reductions.
Learning outcomes
Students will understand the necessity and benefits of holistic planning processes, risk-aware decision making as well as Demand-Driven Adaptive Supply Chain Planning Systems for corporate SCRM. The concepts and system solutions will be illustrated using
- real world examples from different industries like consumer goods, semiconductors, or pharma,
- show cases with system demos applying e.g. optimizer technologies to mitigate disruptions and
- business games like the Camelot DDMRP Business Game to visualize the impact of the concepts.
Necessary prerequisites
–
Recommended prerequisites
Participants should be familiar with the fundamentals of operations and supply chain management, as covered, e.g., in the modules OPM 501, OPM 502, and OPM 561.
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 9 SWS |
| ECTS credits | 4 |
| Graded | yes |
| Workload | 120h |
| Language | English |
| Form of assessment | Written exam (90 min) |
| Restricted admission | yes |
| Further information | – |
Examiner Performing lecturer | Dr. Ulrich Wetterauer Ulrich Wetterauer |
| Frequency of offering | Fall semester |
| Duration of module | 1 semester |
| Range of application | M.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., M.Sc. Bus. Math., MAKUWI |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1, CG 2 |
| Literature | No overall textbook; specific literature will be communicated in the course |
| Course outline | Tentative outline (subject to change):
|