Learning Outcomes:
One of the premiere organisations of management science and analytics professionals defines analytics as "the scientific process of transforming data into insight for making better decisions" (INFORMS Analytics, July-Aug 2012, pp. 6). Consistently with this perspective, the learning goals of this module are centred around decision making in a supply chain context. Successful data analysis is often the result of unstructured processes that require creativity and a deep understanding of what the data means in the context of supply chain operations and relationships. To be a successful supply chain data analyst, you need to be both rigorous and creative, and foster a learning and inquisitive mindset.
On completing this module, you will be able to:
1. Evaluate the strengths and limitations of data as well as the nuances on measurement and data collection processes.
2. Demonstrate the use and application of quantitative tools and techniques to analyse supply chain scenarios and to support decision making.
3. Develop supply chain analytical and managerial skills.
4. Enhance research, communication, and teamwork skills.
5. Become and independent learner and be able to learn new concepts and techniques.
Indicative Module Content:
The module will cover the following topics:
- Uncertainty and Supply Chain Design
- Working with Supply Chain Data
- Data Description and Cleaning
- Regression Analysis with Applications to SCM
- Statistical Inference and SC Decision Making
- Demand Planning and Forecasting