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Course Description

Organizations with inventory consisting of short life cycle products, such as fresh fruits and vegetables, newspapers, and magazines, are well aware of the risks of overstocking: Products may deteriorate or become obsolete before they can be sold. To maximize profits and satisfy customers, it is critical to stock precisely the amount of product that can be sold before consumer demand moves on to newer, fresher, current items. In this lesson, you will explore tools and strategies that can help meet the unique challenges of managing short life cycle products. You will also explore how to model demand using a normal distribution. For the best experience, complete this lesson after taking "Inventory Management Analysis: Determine Service Levels and Product Type."

Benefits to the Learner

  • Explore tools and strategies for managing short life cycle products
  • Examine how to model demand using a normal distribution
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Type
self-paced (non-instructor led)
Dates
Feb 03, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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