About this Specialization
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.
From | University of California, Irvine via Coursera |
---|---|
Hours | 30 |
Instructor | Paul Jan |
Language | English |
Subjects | Data Science Business |
Similar Courses
Sorted by relevance
Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile (33rd - 99th).
Supply Chain/ Logistics $64k
Supply Chain Analysis $68k
Supply Chain Analyst, Supply Chain Development Program $80k
Supply Chain Scheduler $87k
Supply Chain 1 $88k
Supply Chain Accountant $92k
Supply Chain Planner 4 $105k
Supply Chain Dev $105k
Supply Chain 3 $120k
Regional Supply Chain $121k
Supply Chain Advisory $129k
Supply Chain Specialist, Nuclear Supply Chain Manager $130k
Courses in this Specialization
Listed in the order in which they should be taken
&
From | University of California, Irvine via Coursera |
---|---|
Hours | 30 |
Instructor | Paul Jan |
Language | English |
Subjects | Data Science Business |
Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile (33rd - 99th).
Supply Chain/ Logistics $64k
Supply Chain Analysis $68k
Supply Chain Analyst, Supply Chain Development Program $80k
Supply Chain Scheduler $87k
Supply Chain 1 $88k
Supply Chain Accountant $92k
Supply Chain Planner 4 $105k
Supply Chain Dev $105k
Supply Chain 3 $120k
Regional Supply Chain $121k
Supply Chain Advisory $129k
Supply Chain Specialist, Nuclear Supply Chain Manager $130k
Similar Courses
Sorted by relevance