Leverage Data Science for a More Agile Supply Chain
$49
ENROLL NOWCourse Overview
What You'll Learn
- Over the past two decades, the supply chain has become more complex.
- While advancing technology has allowed companies to capture this complexity within stores of ever accumulating data, companies have not kept up with how to analyze and derive insights from that data.
- This specialization uses hands-on activities to show how data science techniques can turn raw data into decision-makers for a more agile supply chain.
Over the past two decades, the supply chain has become more complex. While advancing technology has allowed companies to capture this complexity within stores of ever accumulating data, companies have not kept up with how to analyze and derive insights from that data. This specialization uses hands-on activities to show how data science techniques can turn raw data into decision-makers for a more agile supply chain. Foundational techniques such as demand forecasting, inventory management with demand variability, and using the newsvendor model are covered, in addition to more advanced techniques such as how to optimize for capacity and resources as well as mitigate risks with the Monte Carlo simulation. By the end of this specialization, you will be able to: Describe how demand planning, supply planning, and constrained forecast are associated with one another. Use Excel to analyze historical data to quantify future needs. Analyze historical data to determine inventory levels in steady and uncertain demand situations using Excel. Manage inventory in an uncertain environment. Quantify the inventory needs for single-period items using the newsvendor model. Identify the components of capacity optimization, resource optimization, and Monte Carlo simulation. Set up and solve optimization problems in Excel. Build a demand and inventory snapshot and run a Monte Carlo simulation to solve for a more agile supply chain.
Course FAQs
Is this an accredited online course?
Accreditation for 'Leverage Data Science for a More Agile Supply Chain' is determined by the provider, University of California, Irvine. For online college courses or degree programs, we strongly recommend you verify the accreditation status directly on the provider's website to ensure it meets your requirements.
Can this course be used for continuing education credits?
Many of the courses listed on our platform are suitable for professional continuing education. However, acceptance for credit varies by state and licensing board. Please confirm with your board and {course.provider} that this specific course qualifies.
How do I enroll in this online school program?
To enroll, click the 'ENROLL NOW' button on this page. You will be taken to the official page for 'Leverage Data Science for a More Agile Supply Chain' on the University of California, Irvine online class platform, where you can complete your registration.
