BQUA - Quantitative Analysis (BQUA)

This course provides students with an understanding of statistical techniques for analyzing business problems. Concepts are developed using calculations for simple problems with small amounts of data. Larger and more realistic problems are handled using Microsoft Excel. Topics include descriptive statistics, elements of probability, sampling, interval estimation, hypothesis testing and regression analysis.

This course introduces fundamental concepts and techniques of management science. Students will learn to apply mathematical models, statistical methods, and analytical approaches to solving business problems and improve decision-making. Key topics include decision analysis, forecasting, linear programming, inventory management, queuing, and simulation. Excel-based applications are integrated throughout the course to enhance students’ understanding of these topics. The course emphasizes practical applications in various industries, including manufacturing, healthcare, finance, and transportation.

This course will cover both tactical and strategic aspects of the procurement process. It covers global sourcing and procurement strategies including supplier selection and evaluation, supplier relationships and risk management, negotiation and contract management, and e-Procurement. From the tactical point of view, it covers the elements of the purchase-to-pay process including order management, spending analysis and category management. Woven through each topic are performance measures and critical success factors for an overall responsive and resilient procurement process.