Logistics Courses & Business Education - Specialized Logistics Courses  -  Logistics Decision Modelling

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. 

Register now to take Logistics Decision Modelling online January 21 - April 15, 2019
You can also register by phone, fax or mail
 

Logistics Decision Modelling helps professionals make better informed decisions, avoiding significant errors that can result in higher costs, delivery delays, and the loss of revenue and profit.

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.

Nearly 90% of course grads recommend Logistics Decision Modelling to their colleagues.

“Logistics Decision Modelling helps pros plan their business
using facts, not gut-feel. Managers who learn and use these
techniques can significantly reduce poor decisions.”

To take Logistics Decision Modelling online this winter (starting January 21, 2019), register here
 

Logistics Decision Modelling Course Fee:

The fee for Logistics Decision Modelling is $750 plus applicable tax.

International students must pay an additional $125 plus 5% GST per course. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.

Logistics Decision Modelling Course Materials:

All materials required to complete Logistics Decision Modelling are accessible online through the course site. There is no textbook required for this course.

Logistics Decision Modelling students need to have reliable access to the internet, a computer equipped with Windows, MS Word, and MS Excel with the Solver Add-In installed, and have a valid email address. In the majority of cases, the Solver Add-In is installed by default when Excel is installed.

Logistics Decision Modelling Assignments and Exam:

Course work for Logistics Decision Modelling includes:

• Six 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 under "Course Schedule" 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 grade of 50%. The final grade is based on both term work and the final examination.

The final grade is assessed based on both term work and the final examination, as follows:

• Six assignments – 50%
• Final Exam/Assignment – 50%

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

Questions about Logistics Decision Modelling or the CCLP program of study and professional designation?

Download your free copy of our PDF guide for a complete overview of CITT courses and the CCLP designation.

You can also visit our FAQ section for answers to the most commonly asked questions that have helped thousands of supply chain and logistics professionals decide to enrol and start deepening and demonstrating their logistics and supply chain expertise with CITT and the CCLP program of study and professional designation.

Or simply contact the CITT team—we'd be happy to help you out by answering your questions or processing your course registration for you. We're available 9am to 5pm EDT, Monday to Friday. Give us a call at 416-363-5696 ext. 0 or email us at info@citt.ca.

You can also fill out the form below if you'd like us to contact you with more information or an answer to your specific question.