Inventory Management System

Inventory Management System is a process for managing and locating objects or materials. In the context of business, it is the organized approach to ordering, storing, and using a company's inventory. Coursera's Inventory Management System skill catalogue equips you with the understanding of the role of inventory management, its elements, and its importance in business. You'll learn how to effectively manage the flow of items in and out of an inventory, predict when products need replenishing, and ensure seamless operation and continuity in business. You'll also delve into the strategic role of an Inventory Management System in supply chain management, the use of forecasting models for inventory management, and the application of cutting-edge technologies like AI in inventory management. You'll acquire the skills to reduce costs, speed up the fulfillment process, and enhance customer satisfaction.