Logistics and Supply Chain Analytics

Brief description

Supply chains are networks of organisations that supply and transform materials, and distribute final products to customers. Supply chain management represents a great challenge as well as tremendous opportunity for most firms. If designed and managed properly, supply chains are a crucial source of competitive advantage for both manufacturing and service enterprises. This module focuses on models and analytic tools, which are useful in the design and operations of logistics and supply chains. Strong emphasis is placed on how specific tools can be used to improve the performance and/or reduce the total cost of a supply chain.

Topics

• Demand forecasting
  • ARIMA model
  • Holt-Winters model
  • Other time series models
• Monte Carlo method
• Inventory management
  • Economic order quantity
  • Safety inventory
  • Optimal product availability
• Supply network design