Inventory Management Course
4.4/5
This course equips you with essential inventory management techniques for logistics success. Learn to classify SKUs using ABC analysis, forecast demand accurately for e-commerce including seasonal and promotional patterns, calculate safety stock and reorder points to meet service targets, implement risk-based strategies to reduce obsolescence and holding costs, and drive improvements through KPIs like fill rates, inventory turns, and stockout prevention. Build efficient, cost-effective systems that boost reliability and profitability.
4.4 in the evaluation
from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain hands-on skills in SKU classification, demand analysis, and precise forecasting with metrics like MAE, MAPE, and RMSE. Master safety stock, reorder points, service levels, optimal replenishment policies, and EOQ models. Track key KPIs, minimise excess and obsolete stock, and develop data-backed strategies to enhance service while slashing costs.
Elevify advantages
Develop skills
- Master ABC inventory classification to prioritise SKUs and streamline review processes.
- Develop accurate demand forecasts tailored for e-commerce with seasonal and promotional adjustments.
- Calculate optimal safety stock and reorder points to maintain lean buffers and achieve service goals.
- Apply risk-based strategies to eliminate obsolescence, slow-moving items, and excess holding costs.
- Leverage KPIs such as fill rates and inventory turns to resolve stockouts and enhance performance.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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Giulio CarloDigital Marketing Student
I like how the lessons are straight to the point and how I can change chapters and skip content I don't need.
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