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Operations and Management Science Department. Ravi Anupindi (anupindi@umich.edu). Operations and Management Science Department. Ranked No. 1 in Business Week Specialty Rankings for Operations/Production (2008)

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Operations and Management Science Department


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    1. Operations and Management Science Department Ravi Anupindi (anupindi@umich.edu)

    2. Operations and Management Science Department • Ranked No. 1 in Business Week Specialty Rankings for Operations/Production (2008) • We offer 10 elective courses in covering various aspects of operations / supply chain management.

    3. Operations and Management Science Department • Courses focused on tools • OMS572: Applied Business Forecasting • OMS618: Supply Chain Analytics

    4. OMS 572 Applied Business Forecasting (1.5 c.h., Winter B) Prerequisite: OMS 501 or 502 (statistics core) and equivalent Instructor: Prof. Peter Lenk Course objectives • Develop forecasting models and to use them for predictions • Measure forecasting performance • Manage the forecasting process Selected topics • Time series components • Smoothing models • ARIMA models • Time series regression models • Forecasting process • Targeted audience • MBAs who intend to be analytical consultants, financial analyst s, marketing researchers, strategic planners, or general managers • MBAs who need to predict the future

    5. OMS 618: Supply Chain Analytics (3 credit hours, Winter) Prerequisite: OMS 502 (statistics core) and equivalent Instructor: Hyun-Soo Ahn or Roman Kapuscinski or both Format for 2011: 12 sessions (3 hours) Course objectives A. To develop the ability to evaluate, understand, manage the key issues of a value-added process through analytical models. B. To develop the ability to extract insights from the model, percolate recommendations, and effectively communicate the insights to different audience groups and stakeholder. • Selected topics • Critical thinking and problem solving process • Building and evaluation of decision models for SCM and other business domains. • Risk analysis and mitigation using simulation models. • Model-based resource (inventory, capital) management and optimization • Benchmarking techniques using DEA (Data Envelopment Analysis) and regression • Trend forecasting. • Take this class if any of the following apply (or even if they don’t!): • You like Statistics and Excel so much and want a follow-up • You’re targeting a career in quantitative analytical consulting • I am MBA2 and I need challenge.

    6. Operations and Management Science Department • Courses focused on tools • OMS572: Applied Business Forecasting • OMS618: Supply Chain Analytics • Courses focused on tools + concepts • OMS 616: Project Management • OMS621: Logistics • OMS648: Revenue Management

    7. OMS 616: Project Management (1.5 credit hours, Winter A) Prerequisite or concurrent: OMS 552 (Operations core) or equivalent Instructor: Eric Svaan Format for 2011: 6 sessions evening (3 hours) and/or 12 sessions day Course objective: Prepare students to think managerially and analytically about non-repetitive business processes, and to manage projects to successful, career-enhancing conclusions. Analytical Tools: Work breakdown structure, network representation, PERT/CPM models and analysis, Gantt charts, time and cost models, PM software, and probabilistic analysis. Managerial Tools and Insights: Guide to the Project Management Body of Knowledge (PMBOK) standard Portfolio, program and project-level critical issues. Organization context, measurements and rewards, project teams, ethics • Take this class if any of these is true: • I think that my career will be defined by how I manage my projects • I want to understand the factors that predict success or failure for projects • I’m working toward Project Management Professional (PMP) certification

    8. OMS 621: Logistics (2.25 credit hours, Winter B) Prerequisite: Knowledge of inventory (OMS 552/551) and Stats (OMS502/501) Instructor: Amitabh Sinha Format for 2011: 12 sessions (2 hrs / session) • Topics: • Facilities, warehousing & performance metrics • Transportation • Facility location and network design • Global logistics, logistics procurement • Technology in logistics • Third party logistics, revenue management • Pedagogy: • Lectures, cases (9) and problem sets (3). • Supply Chain Game: online team simulation (2 parts) – design and run distribution network of fictional company. • Take this class if: • You are interested in the “nuts and bolts” of the real economy • You want to try your hand at running a supply chain • You expect to work in an area that intersects with any of the topics covered.

    9. OMS 648: Revenue Management (2.25 credits, Winter A) Prerequisite: OMS 502 (statistics core) or equivalent Instructor: Ozge Sahin Format for 2011: 12 sessions (1.5 hours) Course objectives A. To convey to future business leaders innovative ways to boost the bottom-line B. To develop the ability to identify opportunities for revenue management, and diagnose profitable applicability for a specific business or industry C. To develop the ability to use tools and frameworks for implementing RM principles and providing tactical decision support in various industries; • Selected topics • Capacity Management with Demand Uncertainty • Demand Estimation and Markdown Pricing in Retail. • Bundling and Multi-product Management • Strategies for Hedging Demand and Revenue Risk • Revenue Management in Financial Services • Practical Challenges in Revenue Management Take this class if you want to pursue a career in or consulting to one of the industries below Hospitality, Travel, Renting and Leasing services, Manufacturing, Events/Entertainment,, Fashion, Financial services, Insurance, Telecom, Broadcasting, Healthcare

    10. Operations and Management Science Department • Courses focused on tools • OMS572: Applied Business Forecasting • OMS618: Supply Chain Analytics • Courses focused on tools + concepts • OMS621: Logistics • OMS648: Revenue Management • Courses focused concepts • OMS 548: Integrated Product Development • OMS620 / MKT640: Supply Chain Management • OMS623 / BIT623: IT Strategy for Supply Chain & Logistics • OMS624: Strategic Sourcing • OMS735: Special Topics in Supply Chain Management

    11. OMS548: Integrated Product Development Teams from business, engineering, art & design; design, build, launch Fully functional products Web sites designed, world-wide competition Physical trade show, local people review products Fall semester 2010 6 credits! A lot of work. Sign up if you’re serious, not if you’re not

    12. OMS 620 / MKT 640: Supply Chain Management (3 credit hours, Fall/Winter) Prerequisite: OMS 552/551 (Opns core) or OMS605 and equivalent Instructors (for 2010-11): IzakDuenyas (Fall), Wally Hopp (Winter) Format for 2011: 12 sessions (3 hours) or 24 sessions (1.5 hours) Course objectives Supply Chains are the central nervous system of a global economy. The course is targeted to give a general manager’s view of supply chain. This his course allows you to develop an understanding of key drivers of supply chain performance and their inter-relationships with business strategy and other functions within the company • Selected topics • Strategy & Supply Chain Design • Material, Information, Financial Flows, Design for efficiency, Design for variety, Responsive supply chains • Supply Chain Coordination (Intra- and Inter-firm) • Sustainability Issues in Supply Chains • Supply Chain Risk Management • Supply Chain re-engineering to serve BoP • Take this class if any of the following apply (or even if they don’t!): • Desire careers in Supply Chain, General Management, Brand Management, Equity Research, Corporate Finance …

    13. OMS 623: IT Strategy for Logistics and SCM (1.5 credit hours, Fall B) Prerequisites: Instructor: M.S. Krishnan Format: 6 sessions (3 hours/session) Course description / topics: Supply-chain Digitization and Business Innovation Supply chain strategy and IT choice MRP and ERP (evolution and implementation issues Supplier relationship management Customer relationship management Role of IT in transportation and warehousing/distribution decision support systems Emerging technologies and supply chain visibility • Take this class if you… • Operations or Strategic Consulting Careers; Student wanting to know about emerging technologies and how they are shaping supply chains

    14. OMS 624: Strategic Sourcing (2.25 credit hours, Fall A) Prerequisites: OMS 502 (statistics core) & OMS 552 (operations core), or equivalents Instructor: Damian Beil Format: 12 sessions (2 hours/session) Course description Sourcing involves staggering dollar values --- many US companies spend over half their revenues on outside goods and services, with individual managers overseeing hundreds of millions of dollars of annual spend. This can be managed well or poorly, and this course will help you understand the reasons for both, drawing on a cost-risk-creativity framework. • Selected topics • Frameworks and tools for understanding the supply market • Risk analysis and mitigation using supply portfolios • Negotiations and competitive tendering (auctions) • Managing supplier relationships • Sourcing policies and the environment • Take this class if you… • Are targeting a career in consulting • Desire expertise in an area that will continue to grow in importance • Want to broaden your operations and supply-chain knowledge

    15. OMS 735: Special Topics in SCM (1.5 credit hours, Fall B) Prerequisite: Instructor permission Instructor: Eric Svaan Format for 2010: 12 day sessions + final presentations Course objectives Explore Supply Chain Issue Sets in 6 Industry Verticals focused in 6 global Regions • Take this class if either of these is true: • I want to work in Supply Chain Management • I enjoy thinking at a high level about Supply Chain issues in regions outside the US