Key Concepts taught in the courses are available here (pdf download). To request a waiver (directly in the online application), you must meet the following criteria: Received an undergraduate degree (4 years) from a U.S. University or College OR Attended both primary and secondary schools taught in English. Do NOT use any other software, do not use Google Spreadsheets or a blank sheet of paper. You will master what is called the Newsvendor Model. It is a separate stand-alone professional certificate offered by MITx and delivered by edX. Given that these are graduate-level, analytical courses, we suggest you have a grasp of algebra, probability, and statistical concepts, along with curiosity and the willingness to learn. There are no pre-requisites or undergraduate degrees required to enroll. WEEK 9: SUPPLY CHAIN FINANCE II: Dr. Jarrod Goentzel continues the discussion on supply chain finance by introducing discounted cash flow (DCF) analysis. Week 10: Exogenous Factors: In this week we will wrap up supply chain dynamics with forces that influence the design and management of a supply chain. Each run culminates in a final exam which you should pass as a verified learner in order to earn the SC0x credential. He illustrates current industry trends based on real examples. The cost to take each course is US$299, except for Analytics-SC0x which is $199. You will learn how to formulate models that either minimize costs or meet a specified level of service. To understand these forces, Dr. Alexis Bateman introduces an example through a palm oil case study. The admissions deposit is non-refundable and will be applied to first semester tuition. At the time of acceptance a $2,500 deposit is due. Professor Sheffi continues the discussion on supplier management by presenting optimization based procurement. If you have a disability-related request regarding accessing a MicroMasters program course or exam, please contact micromasters-support@mit.edu as early as possible. Currently, a budget of $2,850 per month is recommended for single students on campus – $14,675 for the five month duration of the program. To earn the MicroMasters Program Credential you need to successfully earn a verified certificate in all five SCx online courses when they are scheduled and then, pass the Comprehensive Final Exam offered twice per year. EdX may provide financial assistance for online courses only. Sometimes, however, exact solutions are unfeasible or unobtainable within the desired time. Read more about the CFx here. We finish the week showing how to use process analysis tools to examine, critique, design, or redesign supply chain processes used in practice. You can learn more and find out if you qualify here. Choose MITx as your certification authority under education or MIT CTL under accomplishments. Once you receive the MITx MicroMasters program credential, you can apply to these Master’s programs; upon acceptance, your MITx MicroMasters program credential will translate into credits toward the Master’s degree, allowing you to accelerate the completion of your graduate studies at one of these universities. INTRODUCTION TO SUPPLY CHAINS AND BASIC ANALYSIS: In this first week, we will provide an overview of supply chains. Please find an alternative to use for the CFx. The tuition for the Blended SCM Masters degree at Cambridge has not been set yet, but will likely be somewhat more than 50% of the tuition for the 10-month SCM Masters degree (currently at US$65,446 plus student life fee and medical insurance). And you're back to work – and regular paychecks – after just 10 months on campus (5 months in the Blended cohort!). Students will matriculate at MIT during the January Independent Activities Period (IAP) to get oriented, meet the other student cohorts, and earn some credit. This exam covers material in all five of the SCx courses. We then cover simulation, which captures the outcomes of different policies with an uncertain or stochastic environment. It does allow us to look at a more expanded track record for each applicant. Read more about course certificates here. The graded assignment for this week will be proctored. Supply Chain Analytics (SC0x): starts March 24, 2021, Supply Chain Fundamentals (SC1x): starts Sept. 1, 2021, Supply Chain Design (SC2x): starts June 16, 2021, Supply Chain Dynamics (SC3x): starts Sept. 15, 2021, Supply Chain Technology and Systems (SC4x): starts July 7, 2020, Supply Chain Comprehensive Exam (CFx): starts March 12, 2021, © 2016-2020 Massachusetts Institute of Technology, graduate programs accepting the credential for credit, CTL.SC4x - Supply Chain Technology and Systems. Certificates are issued by edX under the name of MITx and are delivered online through edx.org. In SC1x-SC4x, midterms and final exams are released for one week on week six and twelve respectively. Regression is a predictive model that measures the impact of independent variables on dependent variables. Additionally, we will introduce you to the Fresh Connection supply chain simulation game. If you do not wish to take the exam, simply do nothing and you will be un-enrolled before the exam opens. All deadlines within the course also occur at 15:00 UTC. It will be a timed exam, available for just one week and once you start the exam there is a limited time (4 hours) to complete it. Living expenses vary by student. A proctored exam is a supervised exam taken online. This is a game that we will use throughout the course, starting on Week 1, to illustrate how different functions interact and how trade-offs can be made. No. Each student in each SCM program (Cambridge or Zaragoza) will belong to a cohort of 30-40 students during the entire duration of their course work. WEEK 6: MIDTERM EXAM: The Midterm exam covers all of the material from weeks 1, 2, 3, and 4. There are other requirements for the application to the SCMb. and, How do I complete a course with multiple sections? You will become familiar with Entity-Relationship Diagrams that describe the business rules through a combination of relationships and cardinality between entities. Your course certificate or MicroMasters program credential will have an identifying code that you can also share via hyperlink following these directions. Though the CFx will be given primarily online, the course team reserves the right to offer an in-person option. We expect it will take between 14 and 18 months to complete all five courses and final exam. Yes. We will finish up with a short review of client-server architecture. WEEK 8: Global Supply Chain MANAGEMENT II: Dr. Bruce Arntzen continues the discussion of trade agreements. Computers used for virtual proctoring must comply with these. We do not simply accept the top students with the highest sum of scores. It is a chance for you to catch up on your graded assignments and to review the previous material. You can review the annual course schedule here (opens a pdf) for the most up-to-date information. We then demonstrate how different buffering strategies as inventory, time or capacity can be employed in supply chains. WEEK 6: Midterm Exam: The midterm exam will include multiple choice questions and problems that will cover the concepts review in the first four weeks of the course. MIT’s Department of Economics and the Abdul Latif Jameel Poverty Action Lab (J-PAL) designed the MicroMasters® program credential in Data, Economics, and Development Policy (DEDP). If accepted, students will earn MIT credit for the MicroMasters program courses, and will be able to pursue an accelerated on-campus Master’s degree at MIT. Yes. It will be a timed exam, available during just one week and once you start the exam there is a limited time (4 hours) to complete it. MIT is one of the selected few universities to receive this scholarship. In this week, you will not only learn how to build these econometric models, but also how to interpret and use them in practical scenarios. It is ok to enroll or verify in SC0x as your schedule permits. FAQ for updates to the exam schedule. SC0x - Supply Chain Analytics, is delivered on a learner-paced schedule. WEEK 10: Supply Chain & Technology Trends: In this week Dr. Caplice and Dr. Ponce will introduce current technologies and trends and discuss how they may impact supply chains, to include autonomous trucks and vehicles, delivery drones, mobile computing, additive manufacturing (3D printers), crowdsourcing delivery, robotics, and blockchain. PRESCRIPTIVE MODELING I: CONSTRAINED AND UNCONSTRAINED OPTIMIZATION: In this week we introduce optimization in the form of prescriptive models. Flexibility and robustness are also discussed. A MicroMasters program is a faster path to a master’s degree from MIT and other universities. WEEK 2: Introduction to System Dynamics: In this lesson, we will introduce some of the core concepts of the discipline known as System Dynamics and illustrate how these relate to supply chains. The passing grade for each course is independent of the MicroMasters program credential. Key Learning Outcomes Through the graduate program in finance you: Living expenses vary, depending on preferences and whether students live alone, with roommates, or have a family. Please visit the following pages at edX to learn more. Applicants need to be admitted to the program! 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