University of California, Irvine

Inventory Management

This course is part of Leverage Data Science for a More Agile Supply Chain Specialization

Taught in English

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Paul Jan

Instructor: Paul Jan

6,550 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.5

(105 reviews)

Intermediate level

Recommended experience

5 hours (approximately)
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.

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Assessments

4 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.5

(105 reviews)

Intermediate level

Recommended experience

5 hours (approximately)
Flexible schedule
Learn at your own pace

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

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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.
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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 quiz1 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 quiz1 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 quiz1 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 quiz1 discussion prompt

Instructor

Instructor ratings
4.4 (30 ratings)
Paul Jan
University of California, Irvine
3 Courses12,164 learners

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