In New York City real estate, it is well understood that every apartment can be judged by three key characteristics: proximity, quality, and price. It is also well understood that you will have to pick two. If
Category: Academics
Everyone (at least everyone in the MIT SCM master’s program) knows how the newsvendor problem works. The problem itself is pretty straight forward: you must choose your inventory level before you know that day’s demand. If you
One of the best academic courses I have ever taken, SCM.260: Logistics Systems (aka 1.260, 15.770, IDS.730), teaches the fundamentals of demand forecasting, inventory management, and freight transportation. It is a highly recommended course for anyone who
This post was first published on the MIT Graduate Admissions Blog in Oct, 2020 I sat in class, the professor again repeating the technique we were expected to learn but about which I was still woefully confused.
Written by Oriol Rosales, SCMb candidate 2019 “Studying at MIT is like drinking from a firehose”: by now you’ve probably heard this famous MIT analogy plenty of times. Indeed, studying in Cambridge will feel like gulping from
by Sunitha Ray, SCMb Candidate 2019 If someone had told me 3 years ago while my team and I were poring over an SAP Warehouse Management requirements document at 11 PM at night in a conference room
By Don Guo, Antonius Santoso, and Yao Zhang, SCMb candidate 2019 What are the similarities among these companies: Dropbox, Intel, iRobot, Kiva Systems, Bose? Well, they all seem unique with different business models that solve different problems,
By Ehtesham Ahmed & Tabjeel Ashraf SCMb candidate 2019 The MIT Supply Chain Management’s Blended Cohort for the year 2018-19 is a pretty diverse group of individuals. I use the word ‘Individual’ to emphasize that each person
By Kristof Van Cauwenberghe, SCMb Candidate 2019 I’m a 40-year-old proud father of two boys. I’m a Belgian and work full-time job as an operations manager in a Chinese factory. I like to go play basketball and
Written by: Jeff Maloney, MIT SCM Blended Master Candidate There are people who love school and would look forward to each Monday morning with excitement. Then there are people for whom the mention of the word “school”