What Is Relationship Management? And Why Do Businesses Use It?
November 21, 2024
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This course is part of Leverage Data Science for a More Agile Supply Chain Specialization
Instructor: Paul Jan
11,153 already enrolled
Included with
(169 reviews)
Recommended experience
Intermediate level
At least 1-2 years of supply chain management experience is recommended.
(169 reviews)
Recommended experience
Intermediate level
At least 1-2 years of supply chain management experience is recommended.
Manage inventory in an uncertain environment.
Analyze historical data to determine inventory levels in steady and uncertain demand situations using Excel.
Quantify the inventory needs for single-period items using the newsvendor model.
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Inventory is a strategic asset for organizations. The effective management of inventory can minimize a company’s spending while dramatically increasing its profit. In this course, we will explore how to use data science to manage inventory in uncertain environments, how to set inventory levels based on customer service requirements, and how to calculate inventory for products that have short sales cycles.
Welcome to Module 1, Steady-State Demand: No Demand Variability. In this module, we will begin by discussing demand behavior, specifically steady-state demand. Next, we will explore lead time and gather lead time information from multiple stakeholders. The module will close with a demonstration of how to calculate a reorder point within Excel.
1 video3 readings1 assignment1 discussion prompt
Welcome to Module 2. After discussing steady-state demand in Module 1, we will explore the more common situation of demand variability. Specifically, we will focus on sources of variability, strategies for countering variability, and lead time calculations to maintain a safety stock.
1 video2 readings1 assignment1 discussion prompt
Welcome to Module 3. In this module, we will discuss customer service level, its relationship to inventory, and how to calculate safety stock to maintain a desired customer service level.
1 video1 reading1 assignment1 discussion prompt
Welcome to Module 4. In this module, we will cover the newsvendor model, examples of single-period products, and calculating the order quantity to mitigate product underages or overages.
1 video3 readings1 assignment1 discussion prompt
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Reviewed on Oct 13, 2024
Had to search for others showing the formulas used in this course. I felt the instructor was all over the place and didn't stick to what we were learning.
Reviewed on Nov 29, 2022
i like this course and it is very knowledgeable thanks coursera
Reviewed on Sep 25, 2024
Very clear lecture material and relevant reading material. I learned a lot.
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