Supply Chain Analytics

DescriptionQuantityAmountTotalTax
Course Fee1R 2,687.00R 2,687.00R 0.00 (0%)
Total amountR 2,687.00
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Overview

Master and apply the core methodologies used in supply chain analysis and modelling, including statistics, regression, optimisation and probability – part of the MITx Supply Chain Management MicroMasters® Credential.

Supply chains are complex systems involving multiple businesses and organisations 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 modelled. Next, we will move into basic statistics and regression. Finally, we will introduce optimisation modelling 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.

Prerequisites

  • Secondary school algebra and basic mathematics concepts
  • Passing knowledge of statistics and probability

Associated Programmes: Supply Chain Management MicroMasters® Programme

Supply Chain Management MicroMasters® Programme
Gain expertise in the growing field of Supply Chain Management through an innovative online programme consisting of five courses and a final capstone exam. The MicroMasters® Programme in Supply Chain from MITx is an advanced, professional, graduate-level foundation in Supply Chain Management. It represents the equivalent of one semester's worth of coursework at MIT.

Supply Chain Analytics
Master and apply the core methodologies used in supply chain analysis and modelling, including statistics, regression, optimisation and probability – part of the MITx Supply Chain Management MicroMasters® Credential.
View the course

Supply Chain Fundamentals
Learn fundamental concepts for logistics and supply chain management from both analytical and practical perspectives – part of the MITx MicroMasters® Credential in Supply Chain Management.
View the course

Supply Chain Design
Learn how to design and optimise the physical, financial, and information flows of a supply chain to enhance business performance – part of the MITx MicroMasters® Credential in Supply Chain Management.
View the course

Supply Chain Dynamics
Learn how to manage and harness the dynamics and interactions between firms and entities within a supply chain – part of the MITx Supply Chain Management MicroMasters® Credential.
View the course

Supply Chain Technology and Systems
Learn how technology is used in supply chain systems from fundamental concepts to innovative applications – part of the MITx Supply Chain Management MicroMasters® Credential.
View the course

Supply Chain Comprehensive Exam
Take the Comprehensive Exam in Supply Chain Management to earn the MITx MicroMasters® credential.
View the course

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  • Start Date
    27 March 2019
  • Programme duration
    13 weeks
  • Estimated effort
    8 to 12 hours per week
  • Fee
    R2687
  • Institution
    MITx
  • Language
    English
Start Dates
  • Basic analytical methods
  • How to apply basic probability models
  • Statistics in supply chains
  • Formulating and solving optimisation models