Supply Chain Analytics Lab

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Dr. Yao Zhao Supply Chain Management Rutgers Business School Supply Chain Analytics Lab Dr. Xiaodong Lin Management Science & Stats Rutgers Business School

Transcript of Supply Chain Analytics Lab

Page 1: Supply Chain Analytics Lab

Dr. Yao Zhao

Supply Chain Management

Rutgers Business School

Supply Chain

Analytics Lab

Dr. Xiaodong Lin

Management Science & Stats

Rutgers Business School

Page 2: Supply Chain Analytics Lab

Mission

Data Analytics ×

Supply Chain Management

Beyond Common Sense

http://scal.business.rutgers.edu/

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People

• Data scientists, professors and industry experts

• Universities: Rutgers, HBS, William and Mary, …

• Expertise:

– Data Science

– Supply chain management

– Marketing and online retailing

– Healthcare operations

– …

• Half a dozen PhD students, and growing

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Sample Research

• Sridhar Seshadri, Ramandeep Randhawa, Irene Gerlovin, Yao

Zhao. Machine Learning and Business Intelligence: A Survey

(Work in Progress).

• Kris Johnson Ferreira, Bin Hong Alex Lee, David Simchi-Levi.

Analytics for an Online Retailer: Demand Forecasting and Price

Optimization.

• Kwon Gi Mun, Raza Rafique, Yao Zhao. Designing Hydro Supply

Chains for Water, Food, Energy and Flood Nexus.

• W. Chen and L. Shi. Nested Partitions for Large-Scale

Optimization in Supply Chain Management.

• Lei Wang, Eric Anderson, Karsten Hansen, Duncan Simester. How

Price Affects Returns?

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PhD Theses and Placement I

• Kwon Gi Mun (http://view2.fdu.edu/faculty-staff-profile-pages/kwon-gi771_mun/),

Ph.D. 2016. “Designing Energy and Water Supply Chains for Prosperity.”

Tenure-track assistant professor in Information Systems and Decision Sciences

Department, Silberman College of Business, Fairleigh Dickinson University, NJ

• Anh Ninh (http://www.wm.edu/as/mathematics/faculty-directory/Ninh_A.php), Ph.D.

2015. “Selected Topics in Stochastic Optimization.” Tenure-track assistant

professor in Mathematics at the College of William and Mary, VA.

• Andrew Johnson (https://www.rowan.edu/home/business/faculty-johnson), Ph.D.

2015. “Mission Critical Logistics – Essays in Game Transportation and Naval

Logistics.” Tenure-track assistant professor in Marketing & Business Information

Systems Department, Rohrer College of Business, Rowan University, NJ.

• Raza Rafique (http://lums.edu.pk/faculty-details.php/raza.ali), Ph.D. 2015. “Essays

on Energy Supply Chains.” Tenure-track assistant professor, Suleman Dawood

School of Business, Lahore University of Management Sciences, Lahore, Pakistan.

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PhD Theses and Placement II

• Xin Xu, Ph.D. 2014. “Essays on the Interface between Supply Chain and

Project Management.” Senior Adviser in Quantitative Financial Services,

Ernst and Young, New York City.

• Rose Karimi Kiwanuka, Ph.D. 2013. “Global Coffee Supply Chains:

Improve Small Scale Farmers’ Income.” Africa Nazarene University,

Nairobi, Kenya

• Kathleen Iacocca, Ph.D. 2011, “Essays on Drug Distribution and Pricing

Models.” Tenure-track assistant professor at the Kania School of

Management, University of Scranton. Scranton, PA.

• Adam Fleischhacker (http://lerner.udel.edu/faculty-staff/adam-

fleischhacker), Ph.D. 2009, “An Investigation of Clinical Trial Supply

Chains.” Tenured associate professor at the Alfred Lerner College of

Business & Economies, University of Delaware. Newark, DE.

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Sample Industry Projects

• A major telecommunication company: push (stores) vs. pull (showrooms) distribution strategies

• Special Olympics: transportation planning and scheduling

• A major pharmaceutical company: Drug pricing and distribution

• A major logistics company: fulfillment diagnostics

• Korean Air-Cargo: dynamic pricing and revenue management

• A major financial services/mortgage firm: proactive supply risk analytics

• A retail chain: inventory positioning, stockout prevention

• Martini 494: SKU rationalization

• Coach: logistics network design

• Overlook hospital: staff planning and scheduling

• Kenya Coffee Cooperatives: commodity trading, price hedging

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Store vs. Showroom

• Push vs. pull distribution strategies: Use supply chain analytics to determine which type of phone to sell in store or via showroom + DC drop-ship

Yao Zhao “VASTA Wireless – Push vs. Pull Distribution Strategies.” Spring 2011. RBS-SCM case study.

Won 1st place award in 2014 INFORMS case competition.

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Special Olympics

• Transportation planning for mega event; crew scheduling; route design, driver scheduling; genetic algorithms.

Johnson, A., X. Xu, Y. Zhao. 2015. Transportation Planning and Scheduling for the 2014 Special

Olympics Games. Forthcoming at Interfaces.

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Drug Pricing I

• What factors contribute to prescription drug prices?

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Drug Pricing II

• What factors contribute to prescription drug prices?

Iacocca, K., J. Sawhill, Y. Zhao. 2013. A Multiple Regression Model to Explain the Cost of

Brand-drugs. Socio-Economic Planning Sciences 47: 238-246.

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Branded Drug Distribution

• Direct vs. resell model; pharmaceutical distribution; drug pricing

Iacocca, K., Y. Zhao, A. Fein. 2013. Resell versus Direct Models in Brand Drug Distribution. International

Journal of Pharmaceutical and Healthcare Marketing 7: 324-340

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Fulfillment Diagnostics

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Air-Cargo

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40% order can come in the last ½ hour!

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Proactive Supply Risk Analytics

• Risk detection, alert classification, disaster prediction.

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Multi-echelon Inventory Analysis

• Inventory positioning, stockout prevention

Days o

f su

pp

ly

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SKU Rationalization

• Optimize assortments by classifying and decommissioning non-productive merchandise.

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Logistics Network Design

• Distribution network, logistics, location optimization

Yao Zhao “C&H Logistics.” Spring 2009. RBS-SCM case study.

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Hospital Nurse Staffing

• Seasonal demand, capacity planning, staff scheduling

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Commodity Hedging

• Commodity trading, inventory hedging, risk

management, global supply chains

Rose Karimi Kiwanuka, Yao Zhao “From Farm to Cup: The Coffee Supply Chain in Kenya” Sping 2010.

RBS-SCM case study.

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Beyond Common Sense!

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