In the present time, with increasing customer expectations, pricing pressure and multiple uncertainties, companies have started realising the phenomenal benefits of the use of analytics-driven decision-making in Supply Chain Management. Adaptive mathematical models are used extensively for Demand Forecasting, Capacity Planning, Production Planning, Scheduling and Logistics Management.
Clarity of objective, identifying and collecting relevant data, and using the data for developing mathematical optimisation models provide great opportunities for revenue growth, cost reduction and enhanced supply chain performance. This programme is designed to include basic theoretical concepts in Design, Strategy, Planning and Operation of Supply Chain, which is essential to develop the appropriate analytical models