Master of Science in Business Engineering (Operations Management)

A business engineer has a thorough knowledge of the discipline of business administration and technology, i.e. technological products and processes. In this respect, a business engineer may act as a mediator between technical and businiess economic psoitions to conduct data analysis, modelling and decision-making. He/she is trained to develop and implement business solutions starting from a model to a business process.He/she is trained to develop and implement solutions for business problems. He/she models the real business situation in an (abstract) presentation, takes relevant decisions based on the model and translates these decisions into business processes. The Master of Science in Business Engineering is a programme in business administration that focuses on (data-driven) management science, business processes and technology. These three disciplines are educated throughout the two-year master programme in different manners through theoretical lectures, practical case studies and business games as well as guest speakers and company projects. The master's programme teaches these disciplines both in a theoretical and a practice-oriented way. The specific content of the study that links business analytics and business processes with technology helps to translate processes into business models and organisational structures into information systems. Business transactions within a single company and between companies in a supply chain, that include processes and the logistical flow of products, services and/or information, are studied thoroughly by data analysis techniques, conceptual or mathematical modelling techniques and techniques of decision making. These tools support the efficient organisation of resources in companies towards its common goals and objectives.
Where the Bachelor of Science in Business Engineering mainly lays the (quantitative) foundation, the master programme studies different aspects of these subdisciplines in a more applied manner. The specific content of the study that links business analytics and business processes with technology helps to translate processes into business models and organisational structures into information systems. Business operations within a single company and between companies in a supply chain, that encompass processes and the logistical flow of products, services and/or information, are studied thoroughly by data analysis techniques, conceptual or mathematical modelling techniques and techniques of decision making. These tools support the efficient organisation of resources in companies towards its common goals and objectives.

Opbouw

The link between management science, business processes and technology returns throughout the master’s programme. In this perspective, attention is spent to the management of an organisation, its resources and its business processes by means of courses like Strategic Management, Human Resource Management, Business Process Management, etc. The technology component in the course is further widened by the topics of Technology for the Circular Economy and System Dynamics and the link between these technology courses and business management is further treated in the courses in Financing High Tech Entrepreneurial Companies, Technology Entrepreneurship, Innovation Management and Enterprise Architecture. Different management science principles are discussed and maintained throughout these courses including mathematical modelling, statistics and numerical algorithms to improve an organisation’s ability to enact rational and meaningful management decisions.

Students can specialise and choose one of three main subjects: Data Analytics - Finance - Operations Management

The discipline Data Analytics mainly emphasises ‘Business Intelligence’ and refers to the analysis of business data to uncover hidden patterns, unknown correlations and other useful information that can be used to make better business decisions. McKinsey and Gartner claim that there is an enormous shortage of graduates in this field. Due to the more quantitative schooling of business engineers, emphasis is placed on price-fixing, analytical customer management systems (analytical Customer Relationship Management = aCRM), predictive and prescriptive analytics as well as more recent evolutions in Big Data, social media and web analysis.

The discipline Finance analyses the financial decisions of enterprises, as well as of investment managers who decide to invest in shares or derived financial instruments. The quantitative background of business engineers enables them to draw up complex financial models, for example with regard to risk management in enterprises, the planning of financial requirements, optimal investment portfolios, etc.

The discipline of Operations Management is an area of management concerned with overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of resource use, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (raw materials, labor and energy) into outputs (goods and/or services). Important business concepts concerning Project Management, Total Quality Management, Production and Supply Chain Management will be highlighted from various angles and perspectives.

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With a degree in Business Engineering you can follow different career paths. With their strong foundation in business economics, their broad knowledge of new technologies and their strong focus on quantitative analytics in production, services, logistics, marketing and finance, business engineers understand better than anyone else how to improve the efficiency in the various parts of a company’s logistic chain.

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Their job deals with managing production processes and services, with analytical and quantitative tasks to improve its overall efficiency. As a bridge builder between business economists and engineers, they are able to optimise the decision making process at various levels of the company, ranging from operational decisions on the work floor to strategic decisions at the top level of the company. As an economic agent, they are familiar with the company processes in order to perform cost price calculations, but as an engineer they also have a much wider overview on the company’s logistic processes and their potential for improvements. With their essential knowledge of the latest technologies and their strong background in business analytics, business engineers rely on the state-of-the-art ICT concepts to optimise the business processes. This essential skill is embedded in almost every course of Business Engineering curriculum and will be key to today’s modern international business strategy. Some examples of jobs in which Business Engineering graduates start: production manager, logistics director, production planning expert, business consultant, business analyst, process engineer, research & development manager and customer relationship manager.