Saturday, December 30, 2023

Supply chain management meets modern analytics in Cornell certificate program - Milan Lengyeltoti, Cornell Chronicle

The eight-week Supply Chain Analytics online certificate program from the Cornell SC Johnson Graduate School of Management equips specialists from various sectors with strategies to master key elements of supply chain management. Li Chen, professor of operations, technology and information management, leads the program. “We know that the future is unpredictable, right? But we still want to make predictions. The idea is to look at historical sales and demand data, and based on that, utilize formulas to make good demand forecasts,” Chen said. “I teach this data-driven approach with a focus on measuring forecast performance as well. Every time you forecast, you should compare it to the actuals to gauge the accuracy of your predictions, so you can refine your methods over time.”

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