Effective Inventory Management and Optimization

Starweaver via Coursera

Go to Course: https://www.coursera.org/learn/effective-inventory-management-and-optimization

Introduction

Assess the significance of effective inventory management and its impact on organizational performance.

Get familiar with the fundamental parameters of inventory management and optimization.

Apply various inventory forecasting and demand planning techniques used in inventory management.

Develop effective inventory optimization strategies to improve inventory turnover, reduce excess stock, and enhance customer satisfaction.

Syllabus

Effective Inventory Management and Optimization

This course provides comprehensive insights into inventory management techniques and best practices to optimize inventory levels, reduce costs, and improve inventory management efficiency. Participants will gain valuable knowledge and practical skills to enhance inventory control processes.

Overview

In today's competitive business landscape, efficient inventory management is a critical factor for the success of any organization. Businesses face challenges in maintaining the right balance between having enough inventory to meet customer demands and avoiding excess stock that ties up capital and increases storage costs. This course, titled "Effective Inventory Management and Optimization," addresses a need for professionals to understand the intricacies of inventory control and optimization.

Skills

Reviews

I would like to have had a little more practice with an excel model and how to apply the formular and models in real life scenarios.

Great Course, the content is clear and easy to understand.

The course is enriched and refreshed my skills and understanding of Inventory Management

Great course for fundamentals of inventory management.