The logistics and supply chain management (SCM) field is the most dynamic and living part of an organization. This has been evident over the last 60 years. The field has advanced from physical distribution, as it was defined in the early 1960s, to what is now generally considered a function that encompasses the entire organization, Where the focus was on striving towards ‘strategies for reducing cost and improving service’, the emphasis has shifted to ensuring a strategic, reliable and predictable service.
The field of Supply Chain has now been bolstered by the advent of Big Data and Analytics as is evident from its share of the Analytics market.A Business Analyst is proficient in both managing Data and Domain. Expertise is achieved over a period of time but the immediate Role need of the Data – Domain interlocutor and Insight provider is met with.
The biggest weapon in a Business Analyst’s arsenal is the ‘Approach’ devised and followed for any problem, project or Business level issue.
Though the above Approach steps appear simple but they have a profound impact in approaching problems irrespective of the Domain and Industry. This alleviates the most common question and fear among the students of Supply Chain Analytics and the existing crop of SC practitioners on their lack of knowledge and experience as a Data Scientist or a Domain Expert. This Approach employs multitudes of tools to solve Business Issues and corresponding Analytics requirements thereby boosting the confidence of even amateur Business Analysts.
The RACE Advantage
REVA University’s Business Analytics program from REVA Academy for Corporate Excellence (RACE) provides a holistic platform to train, develop and nurture Business Analysts. The University offers a unique program which focusses heavily on training the participants on subjects such as Statistics to Advanced Analytics while also offering knowledge in wide array of important Business areas like Supply Chain, Marketing, Finance and many more. The program also aims to impart hands-on training on Capstone projects as well as RACE ensures to mentor its students in presenting at renowned International Forums at leading institutes such as IIM Bangalore, IISc etc.