Technology, Operations, and Value Chain Management
Future of Manufacturing
Dates: Mar 06-07, 2014| Oct 30-31, 2014
Certificate Track: Technology, Operations, and Value Chain Management
In the last few years, there has been considerable discussion around the need for manufacturing companies to reexamine the structure of their global supply chains. In parallel, a growing number of global companies are repatriating their manufacturing capabilities - moving some production operations back to the US from overseas: Ford, Caterpillar, GE, Apple and Foxconn, to name a few.
On-shoring Manufacturing Trends
This on-shoring trend has picked up pace not only because of job losses in the US, but also because the economics that made off-shoring attractive a decade ago have changed for a number of reasons:
- High price of oil versus cheap natural gas available locally: a combination of high transportation costs to ship from overseas and lower manufacturing costs to produce in the US can financially motivate re-shoring.
- Rising labor costs in developing countries: in the last few years labor costs in China have increased, year over year by almost 20%, in Mexico by 5%, while labor costs in the US have increased year-over-year by only 3%.
- New automation technologies that increase productivity and require fewer but more skilled workers: cheap sensors, fast computing, robotics and other new technologies have led to new user-friendly manufacturing automation that shifts focus from ensuring low labor costs to finding skilled workers.
- Changing risk profile of global supply chains: realization that strategies such as outsourcing and off-shoring can significantly increase risk because of the geographically more dispersed supply chains. This has driven companies to reevaluate their supplier and manufacturing base in order to increase flexibility and reduce risk.
Future of Manufacturing Program Details
This two-day advanced program, delivered via a combination of lectures, case discussions and applications, will analyze the current state of the manufacturing sector, identify important trends that affect manufacturing, and develop a framework that companies can use to evaluate their supply chain in order to reduce risk and improve market competitiveness.
Select materials from the following books will be used in the program:
- David Simchi-Levi, Operations Rules: Delivering Customer Value through Flexible Operations. The MIT Press, 2010.
- Erik Brynjolfsson and Andrew McAfee, Race Against the Machine. Lexington: Digital Frontier Press, 2011.
Join the MySloanExecEd Community Group for this program to network with past, present, and future participants in executive education programs.
The program will enable participants to better understand:
- The impact of technology, and in particular, information technology, on manufacturing decisions, talent and R&D
- Techniques to analyze the structure of your supply chain in view of global challenges
- A framework to assess the impact of oil price and labor costs on your business and manufacturing decisions
- Techniques to identify and reduce the level of exposure to risk in your supply chain
- The impact these changing dynamics have on your business: risks and benefits of outsourcing, near-shoring and re-shoring
This program is for senior managers responsible for the general business and strategic management of product supply and development, including:
- CEOs, CFOs, CPOs, Corporate Chief Strategy Officers, Chief Supply Chain Officers, VPs of manufacturing, product development, and supply chain management
- IT managers, strategic planners, senior supply chain managers, and project managers from firms involved in manufacture and distribution of products
- Executives engaged in strategic partnering, as well as financial service companies and retailers who would like to control more of the supply chain
|DAY One SAMPLE|
|07:45 AM - 08:30 AM||Registration and Continental Breakfast|
|08:30 AM - 09:30 AM||Introduction and Business Trends|
|09:30 AM - 12:30 PM||Global-Local Manufacturing and Supply Chain Strategies|
|12:30 PM - 01:30 PM||Luncheon|
|01:30 PM - 05:00 PM||Technology and Manufacturing Strategy|
|05:00 PM - 06:00 PM||Reception|
|DAY Two SAMPLE|
|07:45 AM - 08:30 AM||Continental Breakfast|
|08:30 AM - 12:00 PM||Manufacturing and Innovation|
|12:00 PM - 01:00 PM||Luncheon|
|01:00 PM - 04:00 PM||Risk and Resiliency|
|04:00 PM - 04:15 PM||Adjournment|
This was an excellent program full of both theoretical | practical frameworks and guidance - thank you!
Overall points were very well delivered. Course participation was great and all points came to a full circle.
I am very happy I took this course. I gained some knowledge about Big data and 3 dimensionality that were most useful to me. I would recommend to develop more on digitalization and globalism to round up the value of the course.
I had a great experience during the two day program. All material was relevant with numerous takeaways. I highly recommend continuing to expand on this program and maybe even splitting it into two or three more programs. It was obvious all three Professors wanted to spend more time with the participants teaching and exchanging ideas and experiences. All three presenters were well prepared and enthusiastic about the subjects. All kept the subjects on track and did not allow them to wonder outside of manufacturing. Being given access to the slides are extremely helpful if not necessary for the complete learning and retention experience. Manufacturing needs this type of support to help refresh and move us forward. Thank You.
Excellent program. Simple to use models that can be applied in many industries. Very humble professors that listened to everyone’s comments and went out of their ways to extract information from the participants. Please post the class presentations (Nov 03 2013).