Course Description

Logistics Decision Modelling helps professionals and their organizations learn how to control risk and maximize the use of scarce organizational resources. Learners use modeling to analyze a variety of commercial inputs and understand the impact of different scenarios. They become skilled at using proven techniques and standard industry decision-support tools. Corporate decision-making can be more methodical, and better informed.

Logistics Decision Modelling is recommended for anyone in a supply chain or logistics decision-making role who wants to have more credibility with senior management, or who wants to advance to an executive position within the industry.

Prerequisites: Transportation Systems and Logistics Processes

Recommended: Accounting: The Fundamentals, Financial Management or equivalent

Please note: This is an advanced course and will likely require a greater time commitment than the prerequisite courses. While your experience may vary, students are advised to set aside a few hours several times a week to succeed in this course. Significant previous experience with finance and accounting - such as from the courses Accounting: The Fundamentals or Financial Management is strongly recommended.

Module topics include:

• Financial Statements
• Resource Allocation
• Tools of Financial Analysis
• Inventory Control
• Capital Budgeting
• Cost-Volume-Profit Analysis
  
  

Course grads will be able to:

• Apply their knowledge of financial statements to quickly identify CVP (cost-volume-profit) relationships between fixed and variable costs.
   
• Analyze their business, modeling and evaluating multiple “what if” scenarios on everything from inventory control, capital budgeting to CVP, using best practice techniques and built-in capabilities of Microsoft Excel.
   
• Conduct multi-factor analyses through the evaluation of inputs from interrelated departments such as finance, marketing, production, transportation, inventory and quality control.
   
• Gain a deeper understanding of inventory control as a major corporate concern by learning how to determine the costs of holding inventory as well as the costs associated with stock outs, economic order quantity and safety stock.  
   
• Allocate scarce resources using repeatable decision-making processes that consider key factors such as people, money and equipment capacity while calculating the maximum inventory investment.
  
  

Over 90% of course grads recommend Logistics Decisions Modelling to their colleagues

 

Course Work and Final Exam:

Course work for Logistics Decision Modelling includes:

• 6 "Term Assignments" (50%)
• A "Take Home" Final Exam (in the form of a final, comprehensive assignment) (50%)

On average, students tell us that this course requires a commitment of 6-8 hours a week to complete the readings and assignments, and prepare for the final examination.

  

Term Assignments – 50% of course mark

All six assignments for Logistics Decision Modelling are completed and submitted online through the course site. The due dates for the individual assignments will be listed on your course website.

Final Exam / Assignment – 50% of course mark

The final exam/assignment for Logistics Decision Modelling is a comprehensive case analysis which will draw from the knowledge and experience gained through the six assignments completed during the course of the semester.

The final exam/assignment is also submitted online, due by a specified date at the end of the semester. Your final assignment/exam due date will be provided on your course site and will be posted on the Key Dates page for upcoming semesters when it is available.

Learning Assessment and Grades

Grades are reported as Honours, Pass, or Fail. To obtain a Pass, learners must earn a minimum grade of 50%. To achieve Honours, learners must earn a total grade of 80% or higher.  
The final grade is assessed based on both term work and the final examination, as follows:

• 6 Term Assignments (50%)
• Final Exam / Assignment (50%)

Approximately one month after the final exam, you will receive your course results from CITT.