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Course Description

Strong operational performance depends on shrewd inventory management decisions, and there are several individual considerations that go into selecting and implementing an overall plan that will work for an organization. In this course, you will explore two classic models for managing inventory and consider how choosing the appropriate model can vary depending on the goals and needs of the organization. You will apply your understanding of these concepts to build a decision-making tool and apply it to real-world business decisions.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Process Performance
  • Queueing Analysis

Faculty Author

Natalia Santamaría

Benefits to the Learner

  • Establish service levels and product type
  • Determine short and long life cycle stocking quantities

Target Audience

  • Operations leaders
  • Team members responsible for building and improving operations processes
  • Individual contributors and leaders who build data models to support decision making
  • Data analysts
  • Anyone seeking foundational quantitative skills through an operations lens

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Jul 17, 2024 to Jul 30, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Sep 25, 2024 to Oct 08, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Dec 04, 2024 to Dec 17, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $0.00
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