Professional Certificate in Demand Forecasting & Inventory Management
-- ViewingNowThe Professional Certificate in Demand Forecasting & Inventory Management is a comprehensive course designed to equip learners with essential skills for career advancement in supply chain, operations, and logistics. This program highlights the importance of accurate demand forecasting and lean inventory management for business success.
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โข Introduction to Demand Forecasting & Inventory Management: Understanding the fundamentals, importance, and applications of demand forecasting and inventory management.
โข Data Analysis for Demand Forecasting: Collecting, cleaning, and analyzing historical data for accurate demand forecasting.
โข Quantitative Methods in Demand Forecasting: Time series analysis, exponential smoothing, moving averages, and seasonal decomposition.
โข Probabilistic Models & Simulation: Probability distributions, stochastic processes, and simulation techniques for demand forecasting.
โข Machine Learning & AI in Demand Forecasting: Overview of machine learning and artificial intelligence techniques, regression models, decision trees, and neural networks.
โข Inventory Management Techniques: Economic order quantity (EOQ), reorder point, safety stock, and just-in-time (JIT) inventory systems.
โข Inventory Control Policies: Periodic review vs. continuous review, fixed order quantity, and order-up-to policies.
โข Supply Chain Management & Collaboration: Supplier relationship management, demand collaboration, and vendor-managed inventory (VMI).
โข Demand Forecasting & Inventory Management Software: Overview of software solutions, their features, and benefits for demand forecasting and inventory management.
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