Global Certificate Data-Driven Inventory Planning
-- viewing nowThe Global Certificate in Data-Driven Inventory Planning is a comprehensive course that equips learners with essential skills for career advancement in today's data-driven world. This course emphasizes the importance of data-driven decision-making in inventory planning, a critical function in various industries, including manufacturing, retail, and e-commerce.
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Course Details
• Data Analysis for Inventory Planning: Understanding how to analyze data to make informed inventory decisions is crucial. This unit covers data cleaning, exploration, and visualization techniques to help planners make data-driven decisions. • Demand Forecasting: This unit covers various demand forecasting methods, including quantitative and qualitative techniques. It also discusses the importance of historical data, market trends, and seasonality in demand forecasting. • Inventory Management Metrics: This unit introduces various metrics used in inventory management, such as inventory turnover, stockout rate, and fill rate. It also covers how to use these metrics to measure performance and make data-driven decisions. • Supply Chain Management: This unit covers the basics of supply chain management and its role in inventory planning. It discusses the importance of supplier relationships, lead times, and safety stock in managing inventory. • Inventory Optimization Techniques: This unit covers various inventory optimization techniques, such as the economic order quantity (EOQ) model, reorder point policy, and safety stock calculation. It also discusses the advantages and disadvantages of each technique. • Technology in Inventory Planning: This unit covers the role of technology in inventory planning, including the use of software tools for demand forecasting, inventory optimization, and supply chain management. It also discusses the benefits and challenges of implementing technology solutions in inventory planning. • Risk Management in Inventory Planning: This unit covers the various risks associated with inventory planning, such as demand variability, supply chain disruptions, and obsolescence. It also discusses strategies for managing these risks and mitigating their impact on inventory management. • Sustainability in Inventory Planning: This unit covers the importance of sustainability in inventory planning and management. It discusses the environmental and social impact of inventory management practices and strategies for reducing waste and promoting sustainability. • Case Studies in Data-Driven Inventory Planning: This unit presents real-world case studies of
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Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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