This course is part of the Supply Chain Analytics Specialization

4.5
stars
190 ratings

Yao Zhao

12,231 already enrolled

Offered By

Supply Chain Analytics SpecializationRutgers the State University of New Jersey

About this Course

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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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Start instantly and learn at your own schedule.

Course 4 of 5 in the

Supply Chain Analytics Specialization

Beginner Level

Some business acumen and experiences may help.

Approx. 10 hours to complete

English

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What you will learn

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?

Skills you will gain

Inventory Control
Data Analysis
Sales And Operations Planning
Supply Chain

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 5 in the

Supply Chain Analytics Specialization

Beginner Level

Some business acumen and experiences may help.

Approx. 10 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.39/5 (62 Ratings)

Yao Zhao

Professor

Supply Chain Management

63,436 Learners

6 Courses

Offered by

Rutgers the State University of New Jersey

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Syllabus - What you will learn from this course

Week

Week 1

2 hours to complete

The Value and Impact of Inventory

2 hours to complete

3 videos (Total 18 min), 2 readings, 1 quiz

Week

Week 2

2 hours to complete

In Which Industries Is Inventory Important?

2 hours to complete

2 videos (Total 9 min)

Week

Week 3

3 hours to complete

How May Inventory Drive Financials and How to Discover Inventory Problems?

3 hours to complete

3 videos (Total 14 min)

Week

Week 4

2 hours to complete

Classifying and Managing Inventory

2 hours to complete

5 videos (Total 24 min)

Reviews

4.5

34 reviews

5 stars
72.63%
4 stars
16.84%
3 stars
4.21%
2 stars
2.63%
1 star
3.68%

TOP REVIEWS FROM INVENTORY ANALYTICS

by SJul 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

by YMar 29, 2021

Absolutely loved this course, I a sure it will always be guiding to those involved in supply chain activities.

by SMNov 28, 2020

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.

by SJan 21, 2023

Excellent learning, This course helped in inventory related problem solving with use of advance technology.

View all reviews

About the Supply Chain Analytics Specialization

This Specialization is intended for people seeking to integrate supply chain management with data analytics. Through five courses, you will discover and solve problems in various domains of a supply chain, from source, make, move to sell. Upon completion, you will learn concrete data analytics skills and tools to improve supply chain performance.

Supply Chain Analytics Essentials: Supply chain pain points and how analytics may relieve them, job opportunities and intelligence. Business intelligence and Competitive Analysis: Use data analytics to assess the competitive environment and discover business problems and opportunities. Demand Analytics: Data analytics for demand forecasting and planning. Inventory Analytics: Discover and solve inventory problems - an essential part of Sales & Operations Planning. Supply Chain Analytics: Use analytics to design logistics strategies for a large-scale distribution system.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Inventory Analytics

About this Course

What you will learn

Skills you will gain