(eCornell) Inventory Management

About This Course

In this course, you will investigate the different factors that impact inventory management at your organization. You will explore a variety of inventory management tools and techniques to minimize costs and meet service levels that accord with your organization's mission, vision, and goals. You will then analyze historical demand for a good or service, considering whether they exhibit dependent or independent demand. Using that analysis, you will forecast independent and dependent demand for inventory items; this will allow you to calculate the inventory level that minimizes overall inventory costs for your organization while establishing reorder points that meet your proscribed service levels. By the end of the course, you will have created an MS Excel forecasting model and an EOQ model that will allow you to efficiently optimize your inventory. The course is provided by eCornell in partnership with Genashtim