Supply Chain Analytics

Course 2 of 6: MicroMasters® in Supply Chain Management 25 weeks total 8 – 12 hours each week
1115

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About this course

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

  • Basic analytical methods
  • How to apply basic probability models
  • Statistics in supply chains
  • Formulating and solving optimization models

Prerequisites

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

Frequently asked questions

MITx requires individuals who enroll in its courses on edX to abide by the terms of the edX honor code. MITx will take appropriate corrective action in response to violations of the edX honor code, which may include dismissal from the MITx course; revocation of any certificates received for the MITx course; or other remedies as circumstances warrant. No refunds will be issued in the case of corrective action for such violations.

MITx MicroMasters® Credential in Supply Chain Management

The MITx MicroMasters® Credential in Supply Chain Management is specifically designed and administered by MIT’s Center for Transportation & Logistics (CTL) to teach the critical skills needed to be successful in this exciting and growing field. In addition to being a standalone certificate demonstrating expertise in the field, students who complete all of the required courses and the final proctored exam will be qualified to apply to gain credit at MIT for the blended graduate master’s degree program. In order to qualify for the MITx MicroMasters Credential in Supply Chain Management you need to earn a Verified Certificate in all of the required courses. When you register for a Verified Certificate you will also be granted access to additional practice problems, supplemental readings, and opportunities for increased interaction with the faculty and teaching staff.

Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

Meet Your Instructors

Chris Caplice

Director, MITx MicroMasters® Program in Supply Chain Management at MIT
Dr. Caplice has been teaching logistics and supply chain management at MIT for over a decade. He is also responsible for the planning and management of the research, education, and corporate outreach programs for the MIT Center for Transportation & Logistics as well as MIT’s Global SCALE Network. He is also the Chief Scientist for Chainalytics, a leading analytical supply chain consulting firm. He received a Ph.D. from MIT in 1996 in Transportation and Logistics Systems, a Master of Science in Civil Engineering from the University of Texas at Austin, and a Bachelor of Science in Civil Engineering from the Virginia Military Institute (VMI).
1115

Experience Level

Introductory

Learning Partner

Massachusetts Institute of Technology

Program Type

MicroMasters®

Subject

Business & Management
Advanced Business Harvard X-Series