Creating Business Value With Statistical Analysis

Georgia Tech Professional Education

Georgia Tech Professional Education

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Who should attend

This course is designed for experienced business professionals who perform (or want to perform) data analyses of any form in the area of supply chain, and who seek to get more from their supply chain data. The course will benefit learners who want additional tools and who want to become a change agent that tackles strategic supply chain goals.

About the course

As the second course in the Supply Chain Analytics Professional Certificate program, you’ll learn to leverage technology to develop effective Key Performance Indicators and to apply statistics to understand and forecast data. Emphasizing identifying the links between operational and business performance metrics, you’ll also learn several statistical concepts (e.g. variance analysis, hypothesis testing, forecasting methods), along with the use of statistical methods in inventory management. The course culminates in the use of the fictional Cardboard Company case where you’ll apply your new skills by building visual dashboards, conducting demand and service profiling, undertaking root cause analysis, and using time series forecasting in inventory management – all enabled by Power BI and Python. By the end of the course, you’ll know how to perform leading edge analytics projects to address the full complexity of your organization’s supply chains.

What You Will Learn

  • Critical thinking skills for business
  • Fundamental statistical techniques and concepts to analyze data
  • How to test alternative inventory policies and improve inventory management performance
  • Statistical concepts
  • How to use Python and Power BI to apply statistical techniques
  • How to develop supply chain performance dashboards
  • Time series forecasting for inventory management
  • Supply chain professionals collaborating in warehouse

How You Will Benefit

  • Align supply chain strategy with business strategy.
  • Understand inventory management models.
  • Apply statistics techniques to inventory management.
  • Understand the effects different inventory policies have on performance metrics.
  • Apply statistical concepts, such as variance analysis, hypotheses testing, expected demand, and simple forecasting techniques.

Experts

Tim Brown

Mr. Brown has over 30 years of experience in supply chain management operations and services as an operations manager, consultant, educator, and executive recruiter. Tim was appointed as Managing Director in the Georgia Tech Supply Chain & Logistics Institute (SCL). SCL is a unit of Georgia ...

Creating Business Value With Statistical Analysis at Georgia Tech Professional Education

From  $1,400

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Business Analytics

What will you learn from Business Analytics courses? First of all, you will learn about the profession of a business analyst, his duties, and what such a specialist does. You will get various soft skills, such as organizing teamwork, for example, acc...

Read more about Strategy

Strategy courses contain a large amount of practice. You will be able to analyze the company's performance and make a strategic development plan. All practices are based on real cases that each of you may encounter. The courses will also introduce yo...

Read more about Transportation and Logistics

Transportation and logistics courses mainly focus on global supply chain management and its key features, including air and ocean cargo administration, international documentation, end-to-end supply chain infrastructure, etc. Also, courses show how t...

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