Become A Master At Inventory Optimization, Demand Forecasting, and Simulation Techniques

What you'll learn

Understand the core principles of inventory systems, including raw materials, finished products, and supply chain connections.
Master essential inventory metrics like Economic Order Quantity (EOQ), Reorder Level (ROL), and Safety Stock to minimize costs.
Use Python to calculate demand variability, safety stock, reorder points, and implement simulations for real-world inventory problems.
Leverage data-driven approaches to forecast demand, optimize lead time, and align inventory levels with business goals.
Building world-class stochastic inventory simulations systems using Python
Building world-class Discrete event time inventory simulations systems using Python

Requirements

Basic knowledge of core programming concepts (preferably Python).
Familiarity with elementary statistics (mean, standard deviation, etc.).

Description

In this course, you'll dive deep into building and optimizing inventory solutions with hands-on Python coding. This isn't just another theory-laden course — you'll analyze, simulate, and optimize real-world inventory systems step by step, with practical projects that make you job-ready.Here's what you'll accomplish:Crush the fundamentals: Master critical inventory concepts like Reorder Levels (ROL), Economic Order Quantity (EOQ), and Safety Stock to set a strong foundation.Code like a boss: Use Python libraries like NumPy, Pandas, and Matplotlib to model inventory performance, visualize trends, and make data-driven decisions.Simulate real-world chaos: Build stochastic and discrete-event simulations to handle unpredictable demand, lead times, and real-world variability.Forecast like a pro: Predict demand trends, optimize reorder points, and use advanced statistical techniques to eliminate costly stockouts and overstocking.Apply proven strategies: Implement real-world inventory policies such as Continuous Review (s,Qs, Qs,Q), Periodic Review, and Fixed Order Quantity to maximize efficiency and minimize costs.Drive results with actionable insights: Learn to analyze historical data, identify bottlenecks, and design optimized inventory workflows tailored to business needs.By the end of this course, you'll own the skills, tools, and confidence to:A. Cut inventory costs without compromising availability.B. Boost service levels to keep customers happy.C. Transform inventory management for businesses of any size — from startups to enterprise-level supply chains.Let's optimize, simulate, and dominate — together!

Who this course is for

Inventory Managers
Business Analysts
Data Analysts
Data Scientists
Supply Chain Specialist
Warehouse Managers
Operations Researchers
Homepage:

https://www.udemy.com/course/optimize-your-inventory-now-with-hands-on-python/

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