About this Specialization

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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.
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100% online courses
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Flexible Schedule
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Intermediate Level
Approximately 3 months to complete
Suggested pace of 2 hours/week
English
Shareable Certificate
Earn a Certificate upon completion
100% online courses
Start instantly and learn at your own schedule.
Flexible Schedule
Set and maintain flexible deadlines.
Intermediate Level
Approximately 3 months to complete
Suggested pace of 2 hours/week
English

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Hands-on Project

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Earn a Certificate

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There are 3 Courses in this Specialization

Course1

Course 1

Supply Chain Planning

4.4
stars
18 ratings
Course2

Course 2

Inventory Management

Course3

Course 3

Supply Chain Optimization

Offered by

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University of California, Irvine

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