MBA with Professional Certificate in Data-Driven Inventory Forecasting

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MBA with Professional Certificate in Data-Driven Inventory Forecasting

Overview

Data-Driven Inventory Forecasting

is a specialized field that combines business acumen with advanced analytics to optimize inventory management. This MBA with Professional Certificate is designed for working professionals and business leaders who want to develop the skills to make data-informed decisions. By learning from industry experts, you'll gain a deep understanding of data analysis, forecasting, and inventory management techniques. This program will help you improve forecasting accuracy and reduce inventory costs, leading to increased competitiveness and profitability. Explore this program further to discover how you can apply data-driven insights to drive business success.

Data-Driven Inventory Forecasting is a game-changer for business leaders seeking to optimize their supply chain management. This MBA with Professional Certificate program equips you with the skills to make informed decisions using advanced data analytics and machine learning techniques. By mastering Data-Driven Inventory Forecasting, you'll gain a competitive edge in the market and unlock new career opportunities. With a focus on real-world applications, this course covers key topics such as predictive modeling, supply chain optimization, and data visualization. Upon completion, you'll be equipped to drive business growth and success in industries like retail, manufacturing, and logistics. (6)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

•
• Time Series Analysis for Demand Forecasting •
• Data Mining Techniques for Predictive Analytics •
• Machine Learning Algorithms for Inventory Optimization •
• Statistical Process Control for Supply Chain Management •
• Data Visualization Tools for Inventory Performance •
• Inventory Management Systems and Software •
• Economic Demand Forecasting Models •
• Supply Chain Integration and Collaboration •
• Big Data Analytics for Inventory Insights •
• Quantitative Methods for Inventory Optimization

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Data-Driven Inventory Forecasting

The MBA with Professional Certificate in Data-Driven Inventory Forecasting is a unique and specialized program that combines the rigors of an MBA with the practical skills of data analysis and inventory management.
This program is designed to equip students with the knowledge and skills necessary to drive business growth through data-driven decision making, particularly in the area of inventory forecasting.
Through a combination of coursework, projects, and case studies, students will learn how to collect, analyze, and interpret large datasets to inform inventory management decisions.
The program covers topics such as data mining, machine learning, and predictive analytics, as well as inventory management principles and practices.
Learning outcomes include the ability to develop and implement data-driven inventory forecasting models, analyze and interpret inventory data, and communicate insights to stakeholders.
The program is typically completed in 12-18 months and consists of 6-8 courses, including a capstone project that applies data-driven inventory forecasting techniques to a real-world business problem.
The MBA with Professional Certificate in Data-Driven Inventory Forecasting is highly relevant to industries such as retail, manufacturing, and logistics, where accurate inventory forecasting can have a significant impact on supply chain efficiency and profitability.
By combining the business acumen of an MBA with the technical skills of data analysis, this program provides graduates with a unique competitive advantage in the job market.
Career opportunities for graduates of this program include inventory management, supply chain analysis, business intelligence, and data science roles in a variety of industries.
Overall, the MBA with Professional Certificate in Data-Driven Inventory Forecasting is an excellent choice for individuals looking to launch or advance their careers in data-driven business decision making.

Why this course?

Data-Driven Inventory Forecasting: A Crucial Skill in Today's Market In the UK, the demand for data-driven decision-making is on the rise, with 71% of businesses using data analytics to inform their strategies (Source: CIPD). The ability to forecast inventory levels accurately is crucial for businesses to optimize their supply chains, reduce stockouts, and minimize waste. An MBA with a Professional Certificate in Data-Driven Inventory Forecasting can equip learners with the necessary skills to tackle this challenge.
Year Forecast Accuracy
2018 60%
2019 65%
2020 70%
2021 75%
2022 80%

Who should enrol in MBA with Professional Certificate in Data-Driven Inventory Forecasting?

Ideal Audience for MBA with Professional Certificate in Data-Driven Inventory Forecasting Professionals seeking to enhance their supply chain management skills, particularly in the UK, where the average annual cost of stockouts is £1.3 billion, and the average annual cost of overstocking is £1.1 billion (Source: Institute of Supply Management UK).
Key Characteristics: Business professionals with at least 2 years of experience in inventory management, logistics, or a related field, preferably with a background in mathematics, statistics, or computer science.
Career Goals: To develop data-driven forecasting skills to optimize inventory levels, reduce stockouts and overstocking, and improve overall supply chain efficiency, leading to increased revenue and competitiveness in the UK market.
Prerequisites: A bachelor's degree in any field, with a strong foundation in mathematics, statistics, and computer science, and at least 2 years of work experience in inventory management or a related field.