Course Outline 2016 OPSMGT 371: BUSINESS LOGISTICS (15 POINTS) Semester 1 (1163) _______________________________________________________________ Course Prescription Covers current issues in business logistics. Focuses on coordinating logistics across supply chains. Topic coverage features modelling using spreadsheets and includes transportation, forecasting, and inventory control models suitable for use in a distribution and supply chain context. Programme and Course Advice Prerequisite: OPSMGT 255 or STATS 255 or ENGSCI 255 Goals of the Course The overarching objective of the course is to improve students’ employability by helping them prepare to be useful for their future employers “from day one”. More specifically, the course is aiming to provide students with knowledge and help build skills (business analytics, broadly defined) necessary to handle real-life problems in the area of logistics. The course is most useful if taken simultaneously or after the supply chain strategy (OPSMGT 370) and business analytics (INFOMGT 290) courses but before the supply chain coordination course (OPSMGT 376 “Strategic procurement”). Learning Outcomes By the 1. 2. 3. end of this course it is expected that students will be able to: understand interconnectedness of the decision areas in a supply chain; understand the necessity of using models for business decision-making; develop and use a variety of spreadsheet models most commonly used for decisionmaking in logistics, namely, forecasting models, transportation models, network design models and aggregate planning models 4. understand how to prove the value of their work to the companies (and those who will have worked on real-life logistics problems with companies will be able to obtain a proof of the amount of extra profit that (will have) resulted from their work). Content Outline The following topics will be studied (the sequence and timing as per the “Course schedule” on CECIL): 1. Introduction to modelling and spreadsheet modelling 2. Business Consulting, The Value of Perfect Information, forecasting 3. Transportation 4. Network design 5. Aggregate planning 6. Inventory management 7. Proof of value Learning and Teaching 1. The pedagogy of the course revolves around improving students’ abilities to handle reallife problems, to create solutions as opposed to memorizing the instructors’ or the textebook’s actions: “… trying to learn from watching a professor lecturing [It's] like trying to lose weight by watching a professor exercise” (Dr. Sebastian Thrun). Most of the class time is devoted to students’ “hands-on” learning, specifically to developing models in MS Excel. 2. Students interested in more in-depth learning have an option and are strongly encouraged to engage into working on the projects with the companies. They will deal with a variety of activities dictated by a real-life problem chosen for their project. These typically include team-building, collaboration, data collection, making written reports, preparing and delivering oral presentations to the companies and, possibly, in class. 3. It is expected that a student studying according to the instructor’s recommendations, in particular, investing five hours every week into studying for the course outside of the class, will get the letter grade “B” or above. Teaching Staff Dr Valery Pavlov Tel: 373 7599 ext. 88726 (please, note the voice mail is unattended so email is better) Room 424 Level 4 OGGB Email: v.pavlov@auckland.ac.nz Office hours: TBA Learning Resources Course textbook: Supply Chain Management: Strategy, Planning, and Operations by S. Chopra and P. Meindl. (6th ed.) Upper Saddle River, NJ: Pearson Prentice Hall. Students working on real-life problems with the companies may have to deal with certain aspects of the problem beyond logistics and may benefit from using complementary models not covered in the course. In such cases the following text may also prove helpful: Practical Management Science: Spreadsheet Modeling and Applications by W. Whinston and S.C. Albright (any edition) Other materials will be posted on CECIL and/or handed out in class. There is no course notebook; students are advised to use binders. Assessment Assignment Type Several lab assignments Four homework assignments Four in-class tests (closed book) * Final Exam (there is no final exam) Term Project (optional) ** individual individual individual n/a group Weight not marked not marked 100% n/a 20% (bonus) Total 100% * – equally weighted. If you miss a test (for valid reasons as evidenced by an aegrotat form) its weight will be added to the weight of the next test. If you miss the last test (again, for valid reasons) you mark will be the average of marks that you got on previous tests. Missing more than two tests entails an automatic failure of the course. No extra-credit tests will be offered. ** – Term Project marks will be added at the top of other marks with an appropriate weight. The likely relationship between assessments and learning outcomes: Learning Outcome Lab and HW Assignments Group Project In-class Tests 1 X X X 2 X X X 3 X X X 4 X X X Other resources and information Other course-relevant information (such as relevant policies, assignment guidelines, model papers, etc.) is provided on the University web sites (nDeva, CECIL, etc.). All course-wide announcements will be made in class and duplicated in the “Announcement” part of the course web-page on CECIL. Inclusive Learning Students are urged to discuss privately any impairment-related requirements face-to-face and/or in written form with the course convenor/lecturer and/or tutor. Student Feedback At the end of the course: 1. Students may be asked to express their satisfaction with the course by filling out evaluation forms. 2. Students are encouraged to share any information that they believe is relevant for making them more competitive on the job market. Formative feedback Although perceptions of the students about the course are very important, it is understood that the end customers of business education are companies and, therefore, it is the feedback from the employers that is given most consideration in the assessment of how well the course helps graduates meet the customer expectations. Such feedback from the companies can take different forms. The objective indicators include, for example, the number of students who worked on the projects and got job offers from the companies they worked with, the number of companies that worked with the course students in the past and now are seeking to get a group of students to help handling some logistics problems.