University of California, Irvine

Inventory Management

Paul Jan

Instructor: Paul Jan

9,857 already enrolled

Included with Coursera Plus

Gain insight into a topic and learn the fundamentals.
4.6

(156 reviews)

Intermediate level

Recommended experience

5 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
4.6

(156 reviews)

Intermediate level

Recommended experience

5 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace

What you'll learn

  • 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.

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

4 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Placeholder

Build your subject-matter expertise

This course is part of the Leverage Data Science for a More Agile Supply Chain Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate
Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 4 modules in this course

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.

What's included

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.

What's included

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.

What's included

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.

What's included

1 video3 readings1 assignment1 discussion prompt

Instructor

Instructor ratings
4.3 (45 ratings)
Paul Jan
University of California, Irvine
3 Courses18,406 learners

Offered by

Recommended if you're interested in Business Strategy

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

4.6

156 reviews

  • 5 stars

    67.30%

  • 4 stars

    26.28%

  • 3 stars

    5.12%

  • 2 stars

    0%

  • 1 star

    1.28%

Showing 3 of 156

MK
5

Reviewed on Sep 28, 2023

DS
5

Reviewed on Nov 29, 2022

AS
4

Reviewed on May 27, 2024

New to Business Strategy? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions