Inventory analytics is the corner stone of supply chain analytics. A company in trade industries may have 30-50% of their assets tied up in inventory. An effective inventory management can improve revenue by increasing product variety and availability, and reduce cost and speed up cash cycle by reducing excessive inventory and waste.
Through real-life examples (e.g., Amazon vs Macy’s), you will learn hands-on tools and skills to discover and solve inventory problems by data analytics. Upon completion, you can answer the following questions:
1. For which industries is inventory important?
2. How may inventory drive a company’s financial performance?
3. How do I know that I have an inventory problem?
4. How to classify inventory and manage it accordingly?