Inventory Analytics
Inventory analytics is the corner stone of supply chain analytics. A company in trade industries may have 30-50% of their assets tied up in inventory. An effective inventory management can improve revenue by increasing product variety and availability, and reduce cost and speed up cash cycle by reducing excessive inventory and waste. Through real-life examples (e.g., Amazon vs. Macy’s), you will learn hands-on tools and skills to discover and solve inventory problems by data analytics. Upon completion, you can answer the following questions:
1. For which industries is inventory important?
2. How may inventory drive a company’s financial performance?
3. How do I know that I have an inventory problem?
4. How to classify inventory and manage it accordingly?
Note: This course is for beginners and thus focuses more on discovering inventory problems than solving them. It is my belief that discovering a problem and knowing which directions to go is at least equally important as solving the problem. We are planning to launch new courses or expand this course to cover more sophisticated inventory solutions in the future - thank you.
For which industries is inventory important?
How may inventory drive a company’s financial performance?
How do I know that I have an inventory problem?
How to classify and manage inventory?
Syllabus
Syllabus - What you will learn from this course
Week 1
The Value and Impact of Inventory
Week 2
In Which Industries Is Inventory Important?
Week 3
How May Inventory Drive Financials and How to Discover Inventory Problems?
Week 4
Classifying and Managing Inventory
FAQ
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
Reviews
This is an excellent course for those who would like to get the exact knowledge of how inventory is classified and its importance in industry
Absolutely loved this course, I a sure it will always be guiding to those involved in supply chain activities.
The course is much useful, Clear all concepts with Practical experience of data analysis and ABC Analysis
Having to go around chasing people to grade your assignments is a nightmare. Other than that it was a good course refreshing concepts i already knew but also learning some new ones.
