Global Certificate in Next-Gen Inventory Optimization

• Inventory Management Fundamentals: Understanding the basics of inventory management, including key concepts, terminology, and best practices. • Demand Forecasting: Utilizing historical data and predictive analytics to accurately forecast future demand, a critical component of inventory optimization. • Safety Stock Determination: Learning how to calculate and manage safety stock levels to ensure sufficient inventory is available to meet customer demand during lead time variability. • Multi-Echelon Inventory Planning: Exploring advanced inventory strategies that optimize inventory levels across a multi-level supply chain network. • Supplier Relationship Management: Managing relationships with suppliers to improve lead times, reduce costs, and enhance inventory management. • Technology Solutions for Inventory Management: Examining the latest software tools and technologies to optimize inventory management, such as inventory management systems, demand forecasting software, and artificial intelligence. • Inventory Performance Metrics: Understanding and tracking key inventory performance metrics, such as stockouts, lead time, and inventory turnover, to evaluate the effectiveness of inventory optimization strategies. • Inventory Optimization in the Age of E-commerce: Exploring the unique challenges and opportunities of inventory optimization in the era of e-commerce, including the need for faster delivery times and the rise of omnichannel distribution.