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Analytical Business Consultants

A Real Life Application of Operations Research. Analytical Business Consultants. Valued for possessing both technical (math, science, computer science, etc.) skills and “soft” (communication, management) skills. Business problem solver rather than technical

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Analytical Business Consultants

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  1. A Real Life Application of Operations Research Analytical Business Consultants

  2. Valued for possessing both technical (math, science, computer science, etc.) skills and “soft” (communication, management) skills. • Business problem solver rather than technical • Wouldn’t be called on to discuss different shipment methods the company could use, but could be to determine best shipment method given certain conditions

  3. A job that is growing in importance due to increase in technology and availability of data • Amount of data is too broad for just statisticians • Growing role for ABCs due to general problem solving skills. Especially data analysis (aka Operations research)

  4. An ABC uses different analysis to suit problem • Operations Research • Engineering • Economics • Statistics

  5. Don’t just analyze data • Must be able to guide actions based on their insights and suggestions

  6. Some different examples of business that ABCs can be involved in • Pricing and sales management (Red Brand Canners) • Forecasting • R & D

  7. The knowledge of Operations Research ideas isn’t necessary but it is necessary to be able to do the same kind of thought process. • Ex. Knowing how to Optimize an LP could be useful in some situations, but being able to look at the problem and analyze it in a way that you could put it in an LP is generally more useful.

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