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Supply Chain Analytics

Supply Chain Management,

Supply chains are complex systems involving multiple businesses and organizations with different goals and objectives. Many different analytical methods and techniques are used by researchers and practitioners alike to better design and manage their supply chains. This business and management course introduces the primary methods and tools that you will encounter in your study and practice of supply chains. We focus on the application of these methods, not necessarily the theoretical underpinnings.

We will begin with an overview of introductory probability and decision analysis to ensure that students understand how uncertainty can be modeled. Next, we will move into basic statistics and regression. Finally, we will introduce optimization modeling from unconstrained to linear, non-linear, and mixed integer linear programming.

This is a hands-on course. Students will use spreadsheets extensively to apply these techniques and approaches in case studies drawn from actual supply chains .

What you'll learn

  • Secondary school algebra and basic mathematics concepts
  • Passing knowledge of statistics and probability
  • Basic analytical methods
  • How to apply basic probability models
  • Statistics in supply chains
  • Formulating and solving optimization models

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Rating 3.5 based on 4 ratings
Length 15 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $199
From Massachusetts Institute of Technology, MITx via edX
Instructors Dr. Chris Caplice, Chris Caplice
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

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What people are saying

beyond basic spreadsheet calculations

As someone coming from a creative and marketing background moving into supply chain, mathematics was something I haven't touched beyond basic spreadsheet calculations.

pretty evident when looking

This is pretty evident when looking at the discussion forums.

enough instructions or giving

I don't really want to repeat what many of the students here have commented but regarding the course not providing enough instructions or giving enough knowledge to successfully complete, I would have to say that many have not read the prerequisites stated on the edx website which is secondary level algebra and passing knowledge of statistics and probability.

solve simple network problems

Instead, there is a greater focus on using analytics and working with (simple) data to solve simple network problems in supply chain.

as khan academy

However, I recommend using other resources such as Khan Academy if you have not touched statistics and algebra in a long time.

develop an intuition

Regarding the use of software, it is mainly SAS and AnyLogic to allow learners to develop an intuition in understanding optimization and simulation.

edx website which

how marketers think

There are some reasonable insights into how marketers think, but do not be misled into believing that you'll achieve a reasonable understanding of analytics.

mathematics was something

allow learners

appallingly bad

The description and explanation of factor analysis, for example, is appallingly bad.

courses out

There are other courses out there for it.

Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Supply Warehouse Specialist $49k

Supply Sergeant 2 $52k

Supply Specialist 3 $54k

Power Supply technician $65k

Merchandiser - Major Chains $65k

Supply Technician 4 $71k

Analyst, supply and distribution optimization, Supply Chain $78k

Supply and Distribution Scheduler $89k

Cyber-Attack and Global Supply Chains Security Project, Team Member $110k

SAP Supply Chain $125k

Supply Assurance Leader $140k

Analyst - Supply Chain $149k

Reviews

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Guest says:

This course is really difficult and I had to stop a little bit after half way because 10+hrs/wk was unsustainable. The content is good, don't get me wrong, but I found myself spending more time figuring out how to get the software to work and slogging through homework than learning much about supply chain analytics.

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Rating 3.5 based on 4 ratings
Length 15 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $199
From Massachusetts Institute of Technology, MITx via edX
Instructors Dr. Chris Caplice, Chris Caplice
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management Engineering

Similar Courses

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