MBA with Professional Certificate in Inventory Forecasting for Retail

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International Students can apply

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MBA with Professional Certificate in Inventory Forecasting for Retail

Overview

Inventory Forecasting for Retail


Accurately predict and manage inventory levels to drive business success in the competitive retail landscape. This MBA with Professional Certificate in Inventory Forecasting for Retail is designed for retail professionals seeking to enhance their forecasting skills and stay ahead of the curve.

Develop a data-driven approach to inventory management


Learn to analyze sales trends, seasonality, and external factors to create accurate forecasts. This program equips you with the knowledge and tools to optimize inventory levels, reduce stockouts and overstocking, and improve overall supply chain efficiency.

Gain practical skills in


forecasting methods, data analysis, and decision-making. Our program is tailored to meet the needs of retail professionals, providing a comprehensive understanding of inventory forecasting and its application in real-world scenarios.

Take the first step towards


transforming your inventory forecasting skills and driving business growth. Explore this program further to learn more about our curriculum, faculty, and career outcomes.

Inventory Forecasting is a game-changer for retail professionals. This MBA with Professional Certificate in Inventory Forecasting for Retail equips you with the skills to optimize stock levels, reduce waste, and boost sales. By mastering inventory forecasting, you'll gain a competitive edge in the market. Key benefits include improved supply chain management, enhanced customer satisfaction, and increased profitability. Career prospects are vast, with opportunities in procurement, logistics, and retail management. Unique features of the course include real-world case studies, industry expert guest lectures, and a focus on data-driven decision making. (8)

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

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• Demand Forecasting
•
• Inventory Management
•
• Supply Chain Optimization
•
• Retail Analytics
•
• Data Mining Techniques
•
• Time Series Analysis
•
• Statistical Process Control

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
    •

Got questions? Get in touch

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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 Inventory Forecasting for Retail

The MBA with Professional Certificate in Inventory Forecasting for Retail is a specialized program designed to equip students with the skills and knowledge required to excel in inventory management and forecasting in the retail industry.
This program is ideal for professionals looking to enhance their skills in inventory forecasting, supply chain management, and data analysis, and for those who want to transition into a career in retail management or consulting.
Upon completion of the program, students can expect to gain a deep understanding of inventory forecasting techniques, including statistical methods, machine learning algorithms, and data visualization tools.
The program also covers topics such as demand forecasting, inventory optimization, and supply chain management, providing students with a comprehensive understanding of the retail industry's complex logistics and operations.
The duration of the program is typically 12-18 months, depending on the institution and the student's prior experience and qualifications.
The program is designed to be industry-relevant, with a focus on real-world applications and case studies drawn from the retail industry.
Upon completion of the program, students can expect to gain a professional certificate in inventory forecasting for retail, which can be used to enhance their career prospects and earning potential.
The program is also designed to be flexible, with online and part-time options available to accommodate the needs of working professionals and those with other commitments.
Overall, the MBA with Professional Certificate in Inventory Forecasting for Retail is a valuable program for anyone looking to advance their career in the retail industry or transition into a new field.
The program's focus on inventory forecasting, supply chain management, and data analysis makes it an ideal choice for professionals looking to stay ahead of the curve in the rapidly changing retail landscape.
By combining theoretical knowledge with practical skills and real-world experience, the program provides students with a comprehensive understanding of the retail industry and its complex operations.
The program's industry relevance and flexibility make it an attractive option for professionals looking to enhance their skills and advance their careers in the retail industry.
The MBA with Professional Certificate in Inventory Forecasting for Retail is a valuable investment for anyone looking to succeed in the retail industry, providing a strong foundation in inventory forecasting, supply chain management, and data analysis.

Why this course?

Inventory Forecasting is a crucial aspect of retail management, particularly in the UK where the industry is highly competitive. According to a report by the British Retail Consortium, the average UK retailer loses around £1.3 billion annually due to stockouts and overstocking. This highlights the need for accurate inventory forecasting to optimize stock levels and reduce waste.
Year Average Stockout Rate Average Overstock Rate
2018 12.5% 8.2%
2019 11.8% 7.5%
2020 12.2% 8.5%

Who should enrol in MBA with Professional Certificate in Inventory Forecasting for Retail?

Ideal Audience for MBA with Professional Certificate in Inventory Forecasting for Retail Retail professionals seeking to enhance their skills in inventory management, particularly those working in the UK, where the average inventory turnover is around 3.5 times per year, resulting in significant losses due to stockouts and overstocking.
Key Characteristics: Professionals with at least 2 years of experience in retail management, preferably in roles such as store manager, logistics coordinator, or supply chain manager, with a strong understanding of retail operations and a desire to improve forecasting accuracy.
Career Goals: Participants aim to develop expertise in inventory forecasting, leading to improved stock management, reduced waste, and increased profitability, with the potential to move into senior roles or start their own businesses.
Prerequisites: A bachelor's degree in a relevant field, such as business, supply chain management, or logistics, and basic knowledge of inventory management principles and practices.