Course Summary
This course teaches students how to effectively manage inventory in the supply chain, with a focus on demand forecasting, inventory management, and supply chain coordination.Key Learning Points
- Learn how to use statistics and analysis to improve inventory management
- Discover common inventory models and how to apply them in different situations
- Explore strategies for coordinating inventory management across the supply chain
Related Topics for further study
Learning Outcomes
- Understand the principles of effective inventory management
- Apply statistical analysis to improve inventory management
- Coordinate inventory management across the supply chain
Prerequisites or good to have knowledge before taking this course
- Basic understanding of statistics and data analysis
- Familiarity with supply chain management concepts
Course Difficulty Level
IntermediateCourse Format
- Online, self-paced
- Video lectures
- Quizzes and assignments
- Peer-reviewed projects
Similar Courses
- Operations Analytics
- Supply Chain Management
- Logistics and Supply Chain Management
Related Education Paths
Notable People in This Field
- Professor of Supply Chain Strategy at Cranfield School of Management
- Thoma Professor of Operations, Information and Technology at the Stanford Graduate School of Business
Related Books
Description
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.
Knowledge
- 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?
Outline
- The Value and Impact of Inventory
- Course Overview
- Weekly Schedule
- How much inventory do we carry?
- Is this course right for me?
- Software Preparation
- Inventory Basics
- In Which Industries Is Inventory Important?
- Assessing industries by inventory over total asset
- Assessing industries by inventory turns and days
- Inventory turns and days
- How May Inventory Drive Financials and How to Discover Inventory Problems?
- Why (or why not) hold inventory?
- How may inventory drive a company’s financial performance?
- How Do I Know That I Have An Inventory Problem?
- Why (or why not) hold inventory?
- Classifying and Managing Inventory
- Classifying inventory
- ABC Analysis by Excel
- ABC Analysis by Google Sheets
- Managing inventory by class or type
- Inventory Management in Practice
- Managing inventory by class or type
Summary of User Reviews
Learn inventory analytics with Coursera's course. Reviews rate the course highly for its practicality and usefulness in real-world scenarios. Users appreciate the hands-on approach to learning.Key Aspect Users Liked About This Course
Practicality and usefulness in real-world scenariosPros from User Reviews
- Hands-on approach to learning
- Experienced instructors with industry knowledge
- Real-world case studies and examples
- Interactive assignments for better understanding
- Flexible schedule allows for self-paced learning
Cons from User Reviews
- Some users felt the course was too basic
- Limited interaction with instructors
- No opportunity for peer-to-peer collaboration
- Lack of advanced topics covered
- Some technical issues reported with the platform
Yao Zhao
4.4 Raiting
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