Excel Supply Chain Analysis: Solving Inventory Problems
Completing this LinkedIn certificate in December 2024, this has helped me gain a broader perspective and valuable skills that I would need in my position working in logistics management.
In the module, I gained a better perspective on forecasting techniques like exponential smoothing in order to predict demand more accurately, which would be crucial in reducing stockouts and excess inventory. I learned how to use some useful Excel functions like index match and more focuses on reorder point analysis.
In terms of my courses, being able to analyze large datasets and get something meaningful insights out of it is useful in terms of my Statistics and Data Science minor classes and my other major of Economics.
My current job right now focuses on procurement analysis, so this was definitely useful in that respect as I am able to apply more techniques in inventory management and just in general demand forecasting that can be applicable in fields outside of supply chain management.
I would overall say that this LinkedIn module was useful in gaining more supply chain analysis skills using the Excel platform.