Inventory Management

Published learning objectives:

Master inventory management strategies for uncertain environments.

Analyze historical data to optimize inventory levels using Microsoft Excel.

Quantify inventory needs for single-period items with the newsvendor model.

Implement effective supply chain management techniques to improve operational efficiency.

Published course description:

This course is for business professionals, operations managers, supply chain analysts, and anyone looking to optimize inventory processes.Inventory is a strategic asset for organizations.

Effective inventory management can minimize a company’s spending while dramatically increasing its profit.

In this course, you will learn to leverage data science and Microsoft Excel to manage inventory in uncertain environments, set optimal inventory levels based on customer service requirements, and calculate inventory for products with short sales cycles.

By the end of this course, you will be able to:

Apply data science techniques to manage inventory effectively.

Utilize Microsoft Excel for inventory analysis and forecasting.

Determine optimal inventory levels to meet customer service goals.

Calculate inventory for products with varying demand cycles.

To be successful in this course, you should have a basic understanding of business operations and familiarity with spreadsheet software.