Supply Chain Analytics for Business Results

Date:
Oct 04, 2022

Location:

Zoom 

Time:
10:00 AM

WORKSHOP DATES:

October 3 - November 2, 2022

TIMING:

10 Sessions: Tuesdays & Thursdays, 10:00AM EST - 12:00PM EST

LOCATION:

Virtual Platform: Zoom 

BRIEF DESCRIPTION:

Though the discipline of supply chain analytics has existed for many decades, the analytical models, data management, and software applications underpinning these analytics have evolved significantly. The way data is collected and used in SCM mean that enterprises are looking for professionals who can understand, analyze, and use the data for improved business performance. Supply Chain Talent of the Future: Findings from the Third Annual Supply Chain Survey, points out the need for SCM talent with different skill sets than what was needed in the past. A majority of supply chain executives as reported by Forbes consider big data analytics a “disruptive and important technology, setting the foundation for long-term change management in their organizations.”

Research by BCG found that Supply Chain Analytics can predict demand and cut inventory by 30% and increase fill rate by 7% which can increase margins by 1-2%. Deloitte says 79% of organizations with high performing supply chains are enabled by Supply Chain Analytics. An Accenture study revealed that 97% of executives understand Supply Chain Analytics can improve their supply chain.

The Supply Chain Analytics for a Business Results is a 20-hour live, virtual, and practical training delivered by Dr. Prashanth H Southekal (profile below), Managing Principal of DBP-Institute. This training will equip participants with key data analytics concepts and skills across Supply Chain and Data analytics domains.

KEY TAKE-AWAYS:

This training is designed for experienced Supply Chain Professionals and builds on one’s technical and managerial competencies. Participants will learn real life examples on how data analytics can be applied to various areas of supply chain from transportation, facilities, inventory, information, and procurement. This training has a strong focus on the application of data and insights for supply chain business performance. This training has 3 key learning objectives.

  1. Understanding Data Analytics, Business Data and Business Systems
  2. Applying Data Analytics techniques, deriving insights, and communicating the insights derived to the business stakeholders.
  3. Make good and quick decisions using the right Decision Science techniques.

Upon completion of the course, candidates will be positioned on the following core competencies.

  1. Spot business opportunities and use-cases for data and analytics.
  2. Improve the adoption of data and analytics solutions in the organization by collaborating with Business, IT, and Data teams based on proven best practices
  3. Improve technical competency and decision-making using data based on trade-off

This course is NOT designed for Under-grad Students or Entry level Programmer or aspiring Python Data Science Developer or a Talend ETL Data Engineer.

Training Methodology

This training uses field-tested business analytics tools and techniques. The training material is constantly updated to match the latest trends and industry best practices as Dr. Southekal trains over 50 professionals every month. This training uses a variety of approaches including live lessons, classroom discussions, videos, group activities, pre-class readings, case studies, individual exercises, and guest speaker(s).

Participants with at least 75% attendance will be awarded a Certificate of Achievement from DBP-Institute, Canada and Supply Chain Canada as evidence of the course mastery. Post training, Dr. Southekal is always available for any short discussion with the students via email, LinkedIn, phone, or video conferencing tools.

Course Contents:

Module 1

Session 1: Introduction To Supply Chain Analytics

  • Introduction to Supply Chain Analytics
  • Competitive Advantage with Supply Chain Analytics
  • Supply Chain Competencies for the next decade
  • 5 Key drivers in Supply Chain Analytics
  • Types of Analytics and Data Science Techniques Taxonomy
  • Data Analytics Lifecycle

Session 2: Business Data and IT Systems

  • Business Data, Characteristics and Types
  • IT Systems and types
  • Data Lifecyle and Data Quality
  • Strategic Data Acquisition for Analytics

Session 3: Descriptive Analytics – Part 1(Exploratory Descriptive Analytics)

  • Introduction to Statistics
  • Measuring Supply Chain Performance with Exploratory Data Analytics
  • Measures of Central Tendency and Variation
  • Exploratory Data Analytics
  • Data Profiling

Session 4: Descriptive Analytics – Part 2 (Associative Descriptive Analytics)

  • Introduction to Associative Data Analytics
  • Correlation – Pearson and Spearman
  • Apriori Techniques

Session 5: Descriptive Analytics – Part 3 (Inferential Descriptive Analytics)

  • Fundamentals of Inferential Data Analytics
  • Hypothesis Testing
  • Inferential Data Analytics (T-Test, A/B Testing, & ANOVA)

Session 6: Predictive Analytics

  • Fundamentals of Predictive Analytics
  • Regression Models – Simple Linear Regression and Multiple Linear Regression
  • Predictive Data Analytics Techniques
  • Evaluating Analytics Models
  • Exercise on Multiple Linear Regression (MLR)

Session 7: Essentials of Machine Learning

  • Fundamentals of ML (Machine Learning)
  • Key characteristics of ML Models
  • Supervised & Unsupervised ML Algorithms in Supply Chain Management
  • Statistical Paradoxes

Session 8: Prescriptive Analytics

  • Introduction to Prescriptive Analytics
  • Prescriptive Analytics for Business Optimization
  • Applying Prescriptive Analytics Techniques for Optimal Results
  • Prescriptive Data Analytics in Solver

Session 9: Decision Science

  • Introduction to Decision Science and DEAR Model
  • 4 Factors in the Decision Problem
  • Analyzing Viable Alternatives & Quantifying Pay-off values
  • 8 Key Decision-Making Environments

Session 10: Data Visualization & Wrap-up

  • Dashboards & Reports
  • Data Visualization principles of Edward Tufte
  • 6 building blocks of Data Storytelling including Gestalt Principles
  • Data Governance
  • Supply Chain Data Analytics Case Studies – Oil/Gas, Utilities, and Retail/CPG
  • Managing your careers in Data Analytics
  • Summary and Wrap-up

Schedule and Logistics

  • The training is from 4th October to 3rd November 2022, Tuesday and Thursday from 10 AM to 12 PM ET (8 AM to 10 AM MT)
  • All the data analytics techniques will be done in MS Excel with Analytics + Solver Add-ins

Deliverables:

#

Feature

Feature

1

Live Supply Chain Data Analytics 20-hour course (10 Sessions) over Zoom over 5 weeks

Yes

2

Recordings of the course in Zoom (till 3 months)

Yes

3

Certificate of Achievement (Digital Badge) signed by Dr. Prashanth Southekal (for 75% attendance) with SCM Canada affiliation

Yes

4

Slides in PDF format

Yes

5

25% discount code on Dr. Southekal’s books – Analytics Best Practices and Data for Business Performance

Yes


INSTRUCTOR:

Dr. Prashanth H Southekal

Dr. Prashanth H Southekal is the Managing Principal of DBP-Institute, a Data Analytics Consulting and Education company. He brings over 20 years of Information Management experience from over 75 companies such as SAP, Shell, Apple, P&G, SAS and GE. In addition, he has trained over 3,000 professionals world over in Analytics, Data Products, and Enterprise Performance Management (EPM). He sits on the Advisory board of Evalueserve (Switzerland), uArrow (Singapore), Miles Education (India) and Grihasoft (India). Dr. Southekal is the author of 2 books - Data for Business Performance and Analytics Best Practices and writes regularly in Forbes.com. He is an adjunct faculty of Data Analytics at the University of Calgary (Canada) and IE Business School (Spain). Dr. Southekal holds a PhD from ESC Lille (FR) and an MBA from Kellogg School of Management (US).

PRICE:

Early Bird Registration until September 2, 2022

  • Member: $895.50 + Tax
  • Insider: $1030.50 + Tax
  • Non-Member: $1,165.50 + Tax

Regular Registration

  • Member: $995.00 + Tax
  • Insider: $1145.00 + Tax
  • Non-Member: $1,295.00 + Tax

Corporate Price: 20% off for a team of 4 and customized pricing for a team of 5 or above. Please contact Alisha Seguin at aseguin@scmao.ca  

CPD:

10 CPD Points