Supply Chain Analytics
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 .
Please note : edX Inc. has recently entered into an agreement to transfer the edX platform to 2U, Inc., which will continue to run the platform thereafter. The sale will not affect your course enrollment, course fees or change your course experience for this offering. It is possible that the closing of the sale and the transfer of the edX platform may be effectuated sometime in the Fall while this course is running. Please be aware that there could be changes to the edX platform Privacy Policy or Terms of Service after the closing of the sale. However, 2U has committed to preserving robust privacy of individual data for all learners who use the platform. For more information see the edX Help Center.
What you'll learn
- 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 |
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