Many industry analyst predict that both supply chain management and analytic will be among the most in-demand workplace skills the coming years. This class, "Introduction to Supply Chain Analytics using Microsoft Excel" will teach you many of the fundamental tools of descriptive (What happened?), predictive (What will happen?), and prescriptive (What should we do?) analytics, all within the familiar context of Excel.
In the descriptive analytics section you will learn:
Example of parametric and nonparametric statistics
Measures of central tendency and dispersion
How to use the normal distribution to describe processes
How to combine the normal random variables
How to calculate process yield
Lots of practical applications for descriptive analytics
In the predictive analytics section you will learn:
The basics of time series analysis
How to build a linear regression model in Excel
How to calculate seasonality
How to combine baseline, trend and seasonality to build forecasts
How to use Excel Data Analysis Add-in
Real life applications of time series forecasting
In the prescriptive analytics section you will learn:
The basics of mathematical programming
How to use Excel's Solver Add-in
How to build data models using objective functions and constraints
The Economic Order Quantity and how to use it to cut your Total Inventory Costs
How to integrate management policies into your linear programs
How to apply linear programming in a "classic" product mix problem
Plus for each section -- descriptive, predictive, and prescriptive -- you will have a chance to practice your newly learned skills with Excel-based, downloadable practice exercises covering all the major tools within each section.
The class "Introduction to Supply Chain Analytics using Microsoft Excel" will serve as the starting point to advance your analytical problem solving skills. No need to feel intimidated by statistics or heavy-duty math ... this class will step you through a power selection of analytical tools at a pace and level that any professional can handle. Sign up today!!
