Agile Methodology: Principles, Uses and Framework
December 19, 2024
Article
This course is part of Supply Chain Analytics Specialization
Instructor: Yao Zhao
19,058 already enrolled
Included with
(241 reviews)
Recommended experience
Beginner level
Some business acumen and experiences may help.
(241 reviews)
Recommended experience
Beginner level
Some business acumen and experiences may help.
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?
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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.
Through real-life examples (e.g., Amazon vs. Macy’s), you will learn hands-on tools and skills to discover and solve inventory problems by data analytics. Upon completion, you can answer the following questions: 1. For which industries is inventory important? 2. How may inventory drive a company’s financial performance? 3. How do I know that I have an inventory problem? 4. How to classify inventory and manage it accordingly? Note: This course is for beginners and thus focuses more on discovering inventory problems than solving them. It is my belief that discovering a problem and knowing which directions to go is at least equally important as solving the problem. We are planning to launch new courses or expand this course to cover more sophisticated inventory solutions in the future - thank you.
Welcome to inventory analytics - the corner-stone of supply chain analytics. In this week, you will first learn the story of Amazon and Macy’s, then get an overview of the course, including the value, trend, breakdown, and economic indication of inventory in the US and around the world.
3 videos2 readings1 assignment1 discussion prompt
The importance of inventory is industry and country dependent. In this week, you will be able to identify the importance of inventory in various industries (and countries) by two metrics: Inventory as a percentage of the total assets and inventory turns (or days).
8 videos1 reading1 assignment2 peer reviews
How may inventory drive a company’s financial performance? How do I know that I have an inventory problem? Why do companies hold inventory and why not? You will be able to answer these questions in this week.
4 videos1 assignment2 peer reviews
Some products are more important than others for inventory management; the inventory of different products may be managed in different ways. In this week, you will learn how to classify inventory and manage it accordingly.
5 videos1 assignment1 peer review1 discussion prompt
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
Rutgers the State University of New Jersey
Specialization
Tally Education and Distribution Services Private Limited
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University of California, Irvine
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Course
241 reviews
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Reviewed on Jul 2, 2020
This is an excellent course for those who would like to get the exact knowledge of how inventory is classified and its importance in industry
Reviewed on Sep 14, 2020
The course is much useful, Clear all concepts with Practical experience of data analysis and ABC Analysis
Reviewed on Apr 1, 2021
I have gained tangible knowledge through this course. It is one of the best courses I have studied in Coursera Platform.
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