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Course Description

Short life cycle products require inventory management approaches to help determine the stocking quantity that maximizes the expected profit in a selling season or period. In this lesson, you will create a Microsoft Excel decision tool to help you achieve this goal. You will also examine how this works and consider why this could be a useful tool in the pursuit of effective inventory management. For the best experience, complete this lesson after taking "Inventory Management Analysis: Determine Service Levels and Product Type" and "Inventory Management Analysis: Short Life Cycle Products."

Benefits to the Learner

  • Create an Excel newsvendor decision tool to support stocking decisions and maximize profits for short life cycle products
  • Examine the power of the newsvendor profit decision support tool
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Type
self-paced (non-instructor led)
Dates
Feb 03, 2022 to Dec 31, 2030
Total Number of Hours
2.0
Course Fee(s)
Regular Price $0.00
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