Supply Chain Short Courses

The Malaysia Institute for Supply Chain Innovation (MISI) was founded in 2011 by the Government of Malaysia in partnership with the Massachusetts Institute of Technology. One element of MISI’s mission is the delivery of high quality and relevant executive education programs for industry. Therefore, MISI offers a set of short duration executive education programs aimed at enabling working professionals in supply chain management improve their job performance and gain an insight into emerging technologies


The Following Short Courses in Supply Chain Management will be Offered

Individual Programs
Procurement CoursesDuration & DatePrice
Negotiation1 day: Apr 2, 2020MYR 1,400
Total Cost Analysis1 day: Apr 24, 2020MYR 1,400
Supplier Relationship Management1 day: May 9, 2020MYR 1,400
Category Management1 day: May 16, 2020MYR 1,400

Supply Chain Management CoursesDuration & DatePrice
Business Analytics2 days: Apr 16 & 17, 2020MYR 2,800
Forecasting and Inventory Management2 days: May 19 & 20, 2020MYR 2,800
Logistics and Transportation1 day: June 17, 2020MYR 1,400
Strategic Supply Chain Management2 days: June 11 & 12, 2020MYR 2,800

Emerging Trends in Supply Chain Management CoursesDuration & DatePrice
Digital Transformation in Supply Chain Management1 day: Feb 20, 2020MYR 1,400
Retail and E-Commerce2 days: Mar 18 & 19, 2020MYR 2,800
Industry 4.0 and Supply Chain Management1 day: Mar 25, 2020MYR 1,400
Supply Chain Finance2 days: Apr 21 & 22, 2020MYR 2,800


* Participants who register for more than one course will receive a discount of 10% on additional courses.
* Participants who complete the block (Procurement Courses, Supply Chain Management Courses, or Emerging Trends in Supply Chain Management Courses ) and exam are entitled to receive a certification of competency from MIT Global SCALE Network.
* All courses are open for individual enrollment and participants will receive a certification of attendance from MISI upon completion.
Custom Programs
The Malaysia Institute for Supply Chain Innovation (MISI) delivers its cutting edge supply chain and procurement education and research to executives through a series of Executive Education Program (EEP). MISI’s EEPs are customizable in-house programs offered to corporate partners.

The programs are highly interactive and connect theory with practice. Course content is delivered through the use of in-class lectures, workshops, on-line content, simulations, games, case studies and discussions, and emphasizes practical applications in real-life situations.

The programs cover a wide range of pertinent supply chain and procurement topics, led by an MISI faculty members and visiting professors from the MIT Global SCALE Network.

MISI’s EEP are well suited for mid-level professionals and above. The programs give companies the opportunity to direct intensive efforts at specific issues crucial to company goals.

Note:
– Courses will be repeated after the cycle is complete. If you are interested in a course that has just been completed, please leave your name and email in the course selection form and we will alert you when the course is next scheduled
– For company training requirements of 15 or more members, company specific programs can be offered.

Program Information & Pricing

The courses in this program are best suited for managers and senior managers from manufacturing, logistics, information technology and service industries who are responsible for developing and executing supply chain strategy. Professionals who are looking to develop functional understanding of supply chains or are in existing supply chain roles will benefit from this program.

Participants are expected to have the basic knowledge of the business practices, supply chain management and corporate finance. Managerial and executive experience is beneficial, but not required.

The classes consist of formal lectures, case study discussions, and hands-on exercises. In some courses, e-learning material will be provided to the participants prior to the in-class sessions.
The classes will be taught with active learning methodology. Using in class discussions, real life case studies, hands-on exercises, and team activities, participants learn through solving problems and getting rapid feedback from faculty and peers.

The duration of each course will be either 1 or 2 days. There will usually be four class sessions per day, each of 1.5 hours with a 30 minute break between sessions.

The location will be the MISI campus in Shah Alam.

A certificate (from MISI and the MIT Global SCALE Network) will be provided upon the successful completion of all the sessions in either a one-day or two-day program.

The pricing indicated below includes the teaching fee and all materials that will be used in the class. It also includes lunch and coffee and tea during the session breaks.
One-day Course Price: 1400 MYR per participant
Two-day Course Price: 2800 MYR per participant
Participants who register for more than one course will receive a discount of 10% on additional courses.

 

Negotiation

This course provides an introduction to negotiation in a procurement context (i.e., negotiations between a buyer and a vendor/supplier). The objective is to provide the participant with a structured foundation in the preparation and conduct of such negotiations. Since practice is key in building up expertise in negotiation, case studies and exercises/games will be used to supplement lectures.

Total Cost Analysis

Often procurement decisions are still made on piece costs ignoring supply chain and other indirect costs. In the world of global sourcing such decisions can end up being very expensive mistakes. In this course, the focus is on developing the skills to correctly evaluate total landed costs (TLC) and estimate total costs of ownership (TCO) if applicable.

Participants will learn how to apply TLC and TCO to make improved sourcing decisions through hands-on team exercises and discussions.

Supplier Relationship Management

Procurement is not a “buy and forget” task. In most cases, significant effort has to be expended in supplier relationship management after the contract has been signed and the material begins to flow. In this course, several key elements of good supplier relationship management (SRM) will be discussed.

Participants should be conversant with SRM and capable of framing a SRM program for their suppliers at the end of this course. While SRM is often considered a “soft” skill and not valued as highly as say “cost reduction”, with today’s pace of technology change SRM becomes key to staying atop the competition through leveraging supplier innovation capability.

Category Management

In this short course, you will be introduced to category management in procurement. Category Management builds on the basics of good procurement practices to help companies generate additional value from their procurement process. You will learn what category management is, whether it can be significant for your organization, the key factors in developing effective category management, an implementation approach, and then how to realize value for your company.

The course will consist of readings prior to the classes, lectures, case study discussions, and small team exercises to apply concepts learned in the course. If desired, small but relevant projects can be undertaken immediately after the course to further embed the learnings in the participants and their organizations.

Strategic Supply Chain Management

Enterprises are becoming increasingly global, with supply chains spanning geographical boundaries. To navigate the global marketplace, leaders need to know how to plan the most efficient use of material resources, as well as manage complex global networks and optimize service and quality. This course will draw on real issues confronting companies today to provide strategic frameworks for undertaking major decisions to increase competitive advantage.

The objective of the course is to enable practicing managers understand the strategic role of supply chains in building organizational competitiveness. The course will introduce various analytical tools and frameworks to enable managers to design and implement effective supply chain strategies. The course will benefit participants by providing an analytical view into the role of supply chains and help participants learn new approaches and techniques that can be implemented for effective supply chain management decisions.

Through interactive case discussions, assignments and experience sharing, the participants will be introduced to several elements of developing leading edge supply chain strategies and execution techniques. Participants will be provided with selected reading materials.

Forecasting and Inventory Management

Forecasting and inventory management are two crucial logistics activities that affect a company’s profitability and ability to remain competitive in the long run. Effective management of these processes ensures that the company will have the right product available at the right place and time in the right amount to satisfy the needs of its customers. Ability to forecast demand more accurately and manage inventory more cost effectively to meet the demand allows a company to provide superior customer service than its competitors and grow its revenue.

On the other hand, poor forecasting and inventory management can diminish a company’s reputation to be a reliable partner. This is valid for the business whose “customer” is the end consumer (such as retail, restaurants, etc.) as well as for companies whose customers are other companies (such as raw material suppliers, component manufacturers, maintenance and repair organizations maintaining service parts, etc.).

The present course introduces the participants to the practice of forecasting and inventory management and provides a broad overview of various tools used in the industry for this exercise. This is an introductory course in forecasting and inventory management that uses case studies and qualitative analysis. The course does not cover any analytical models of forecasting or inventory management in detail (these topics are covered in an advanced course).

Business Analytics

As a consequence of decades of information technology deployment, organizations today have more information at hand than ever before. But in many cases the information is not being utilized to out-think their rivals. Thus organizations are missing out on a potent competitive tool.

Competence in analytics has become a critical skill for managers of the new age business organizations. Business Analytics is about quantitative analysis and predictive modeling towards data-driven competitive strategies. This course covers methodologies and practices that are important for data analytics and discuss their relevance in various functional domains. It is designed for professionals who need a managerial introduction to this discipline.

This course will introduce participants to some of the most widely used modeling techniques and their core principles. By taking this course, participants will form a solid foundation of analytics, which refers to tools and techniques for building statistical models to make predictions based on data. This course is designed for those who are interested in using data to gain insights and make better business decisions. It would also improve managerial and leadership capabilities of participants.

Through interactive case discussions, assignments and experience sharing, the participants will be introduced to several elements of data analytics tools and execution techniques. Participants will be provided with selected reading materials before the program. All sessions will be of 90 minutes each. The program will provide an analytical view of decision making and insights into descriptive and predictive analytics with an introduction to prescriptive analytics. The program outline will follow the following schedule.

Logistics and Transportation

Logistics and transportation is part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers’ requirements. This course will draw on real issues in transportation and logistics management that confront companies today.

The course will consist of readings prior to the classes, lectures, case study discussions, and small team exercises to apply concepts learned in the course. If desired, small but relevant projects can be undertaken immediately after the course to further embed the learnings in the participants and their organizations.

Digital Transformation in Supply Chain Management

Virtually all technologies and techniques that are currently being discussed within the scope of “digital transformation” have an immediate impact on supply chain management – that is, procurement, production and logistics. To name some examples: the Internet of Things (IoT) will change how assets are monitored and deployed; artificial intelligence (AI), with its ability to derive insights and prescriptions from huge amounts of relevant data, will give rise to completely new models and planning paradigms in logistics, manufacturing and procurement; automation (robotics) on the shop floor and in the warehouse will have a major impact on value creating and supporting processes; in-memory computing, new algorithms, and more powerful hardware will change the clock speed of supply chain planning and execution.

Among experts there is little doubt that these developments will happen – sooner or later – and most experts agree that this will have a disruptive impact on how manufacturing companies run their supply chains. The unresolved question is, however, what it needs to best leverage the potential of the new technologies, and which companies will benefit most from a digital transformation of their supply chain.

This session will focus on how companies have to adapt their supply chain organization (and the skillsets of their supply chain professionals) to truly achieve digital transformation and to benefit from the new technologies and digital opportunities. Based on cases, examples, applications, and recent developments in supply chain software we will discuss and develop a perspective on the future “digital supply chain organization”.

Retail and E-Commerce

Retail Supply Chain and E-Commerce introduces the elements of efficient retail supply chains including key management levers and performance indicators and based on this module it focus on supply chain requirements for a successful E-Commerce model. These will be illustrated using examples and case studies from high performing retail supply chains highlighting factors that are common and the linkage between overall corporate strategy and supply chain performance.

Industry 4.0 and Supply Chain Management

The objective of this fundamentals course is to educate the participants about Industry 4.0, its implications for the supply chains, and the ways in which companies can take advantage of the capabilities of Industry 4.0. The material covered is relevant to both large companies as well as small-and-medium enterprises (SMEs).

The course covers the fundamentals of Industry 4.0, and strategies for the functions involved in planning and managing production and distribution of goods. The course will be of particular interest to executives and associates involved in procurement, manufacturing, transportation, warehousing, sales & service (including e-commerce), and forecasting & inventory management. It will also benefit IT professionals interested in supply chain applications of Industry 4.0, although it does not cover technical IT aspects. It does not intend to cover implications of Industry 4.0 for other areas such as accounting, finance, advertising, social media, or human resources management.

Supply Chain Finance

This course exposes the participants to the financial implications of operations / Supply chain decisions. It connects the Supply chain operations Management to corporate finance. In essence, the course equips the supply chain / operations management professionals / decision makers with financial analysis and a language to communicate their decisions / practices with the company’s shareholders.