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Inventory Management
This course is part of Leveraging Data Science for Supply Chain Agility.
Course Cost
Free course
Intermediate
Skill Level
4 Hours
Self-paced lessons
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full Leverage Data Science for a More Agile Supply Chain Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
What you'll learn
Master inventory management in uncertain environments
Calculate optimal inventory levels using Excel
Determine safety stock for customer service targets
Apply newsvendor model for single-period items
Analyze demand patterns and variability
Skills you'll gain
This course includes:
0.9 Hours PreRecorded video
4 quizzes
Access on Mobile, Desktop
FullTime access
Shareable certificate
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Share your certificate with prospective employers and your professional network on LinkedIn.
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There are 4 modules in this course
This comprehensive course explores advanced inventory management techniques using data science. Students learn to analyze demand patterns, calculate optimal inventory levels, and manage uncertainty in supply chains. The curriculum covers steady-state demand analysis, safety stock calculations, customer service level optimization, and the newsvendor model. Through practical exercises in Excel, learners develop skills in data-driven inventory decision making.
Steady-State Demand: No Demand Variability
Module 1 · 1 Hours to complete
Inventory Management with Demand Variability
Module 2 · 1 Hours to complete
Inventory as a Strategic Tool to Meet Customer Service Level
Module 3 · 1 Hours to complete
Newsvendor Model (One-Period Decision Model)
Module 4 · 1 Hours to complete
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: Leveraging Data Science for Supply Chain Agility
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Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
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Frequently asked Questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.