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., Macy’s vs. Ross Stores), 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 and relevant? 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 practitioners, and so it provides practical data-driven analytics for business inventory management, including inventory metrics, inventory problem diagnosis, the financial impact of inventory, and practical techniques of inventory management, rather than the mathematical models of inventory control that you can find in many other courses.
SZ
Informative and practical, with clear real-world inventory applications.
S
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
MC
The course changed my perspective about Inventory management and analysis.
DO
The course is an important one for anyone intending to start a career in Supply Chain Management.
YH
Absolutely loved this course, I a sure it will always be guiding to those involved in supply chain activities.
MA
I have gained tangible knowledge through this course. It is one of the best courses I have studied in Coursera Platform.
A
Very good course as I got so much to learn on Inventory Module. Thanks for sharing good recorded videos, Assignments and Mini Projects and exposure to Data analysis related to Inventory domain.
RG
Excellent learning on industry and competition Analysis, inventory levels for various industry
SJ
Excellent learning, This course helped in inventory related problem solving with use of advance technology.
KW
Good course for anyone in the logistics and supply chain field
NB
The course is much useful, Clear all concepts with Practical experience of data analysis and ABC Analysis
SM
Having to go around chasing people to grade your assignments is a nightmare. Other than that it was a good course refreshing concepts i already knew but also learning some new ones.
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The name of the course is deceptive, macro level concepts are being taught without actual deep dive into how to manage inventory
The course should have included Replenishment Systems, FSN, VED, SDE Analysis, Statistical Perspectives in details.
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
Absolutely loved this course, I a sure it will always be guiding to those involved in supply chain activities.
The course is much useful, Clear all concepts with Practical experience of data analysis and ABC Analysis
Boring and inefficient. Heavily relied on a third-party application to compile graphs and charts of data raw data that cannot be seen by the user. The instructions don't align with the features available in said application, making the assignments confusing and doomed to fail. Lastly, anyone can read a graph or chart. I didn't take this course to read a graph, I took it in the hopes that I could learn how to use and manipulate raw data to formulate analytics over it. I got 75% through before I realized that wasn't going to happen and immediately stopped wasting my time with an application I'll never ever use again in any professional setting. I never even got to use Excel. How pathetic.
This course covers the essential aspects of Inventory Analytics for business requirements. How to diagnose the inventory problem by comparing various benchmarking and KPI(inventory turns, days) and also provides understanding on financial perspective of inventory problem. This is followed by explanation about how manage the inventory with concepts like ABC analysis, pareto chart and various approach to manage different type/class of items.
The course is well presented with enriching informations and pedagogical methodology.
Thank you Pr. Yao, thank you Coursera.
EXCELENTE CURSO , MUY DINAMICO , EL INSTRUCTOR EXPONE PASO A PASO LOS PROCEDIMIENTO , DE MUCHO BENEFICIO PARA ESTUDIANTES
I have gained tangible knowledge through this course. It is one of the best courses I have studied in Coursera Platform.
Excellent learning, This course helped in inventory related problem solving with use of advance technology.
This course is very helpful. I really appreciate it. I want to thank you Dr.Yao and Coursera to much
The course is an important one for anyone intending to start a career in Supply Chain Management.
Excellent learning on industry and competition Analysis, inventory levels for various industry
Es un buen curso de hecho vas a poder, aplicar de fomra numerativa el Excel
The course changed my perspective about Inventory management and analysis.
Good course for anyone in the logistics and supply chain field
It would be better a little bit detailed explanation aboout
This course is very accord to i need use in my career
good experience to know about inventory analytics