TRAINING COURSE

Optimizing Procurement and Inventory with AI

STARTING TWICE A MONTH
DURATION 7 WEEKS
‎‎ ‎8 100 €
For those looking to revolutionize their approach to supply chain management, our comprehensive course delves into the transformative potential of AI. Dive into the intricacies of procurement and inventory management, discovering how AI technologies can optimize processes for maximum efficiency and cost-effectiveness.
AI Integration
Strategic Forecasting
Supplier Relationship Management
Training Course Program
STARTING TWICE A MONTH
Lecture 1:
Introduction to AI and its role in modern procurement and inventory management
  • Definition of AI
  • The role of AI in optimizing procurement and inventory management processes
  • Trends in the use of AI in logistics and procurement
Lecture 2:
Data Analysis and Demand Forecasting with AI Applications
  • Fundamentals of data analysis and Machine Learning
  • Methods of demand forecasting based on AI data
  • Practical examples of applying AI for demand forecasting in different industries
Lecture 3:
Optimizing Procurement Processes with AI
  • Automating procurement processes using Robotic Process Automation (RPA)
  • AI data-driven decision making for procurement optimization
  • Cases of successful implementation of AI in procurement processes
Lecture 4:
Inventory management using AI technologies
  • Optimizing inventory levels using AI and optimization algorithms
  • Forecasting stock dynamics and determining optimal order points
  • Examples of AI application for inventory management in real companies
Lecture 5:
Using ML to Optimize Inventory and Inventory Control Processes
  • The role of ML in automating inventory processes
  • Using AI to detect anomalies in inventory control
  • RFID and ML to improve inventory accuracy
Lecture 6:
Applying Neural Networks in Inventory Management
  • Fundamentals of NNs
  • Using NNs to forecast demand and optimize inventory levels
  • Cases of successful implementation of NNs in inventory management
Lecture 7:
Efficient Purchase Planning with Optimization Algorithms
  • Role of optimization algorithms in procurement planning
  • Application of genetic algorithms, ant colony algorithms and other optimization techniques
  • Practical scenarios of using optimization algorithms in procurement
Lecture 8:
Ethical and legal aspects of using AI in procurement and inventory management
  • Data privacy and data protection issues
  • Ethical issues of using AI in procurement decision making
  • Legislative aspects of using AI in inventory management
Practical Session 1:
Data Analysis and Demand Forecasting
  • Importing and preparing sales/demand data
  • Building demand forecasting models using ML
  • Evaluating and comparing model accuracy
Practical Session 2:
Optimizing Inventory Levels
  • Developing mathematical models for inventory management
  • Programming optimization algorithms using Python
  • Testing and evaluating model performance
Practical Session 3:
Automating Purchasing Processes
  • Study of software tools for purchasing automation
  • Customize order management systems (ERP) and other tools
  • Testing and optimizing automated processes
Practical Session 4:
Discussing ethical and legal issues
  • Examine ethical issues related to the application of AI in logistics and procurement
  • Analyzing the legal regulation of the use of AI
  • Group discussion on the ethical and legal aspects of using AI
What kind of result will you get
Participants will develop a comprehensive understanding of how to integrate AI technologies into procurement and inventory management practices, enhancing their ability to streamline processes and optimize efficiency. They will gain proficiency in leveraging AI-driven analytics for accurate demand forecasting, enabling them to make informed decisions and minimize inventory costs.
Student feedback on the course
Very informative! Real-world examples made AI implementation easy.
Aliya Zhumabekova
Learned practical AI applications for procurement.

Daulet Bakytov

Improved inventory management skills.
Nursultan Abayev
Great training! Enhanced procurement strategy with AI insights.
Zarina Zhumagaliyeva
Valuable experience! Equipped to optimize procurement with AI solutions.
Aizhan Tulegenova
What you will get after the course
  1. Possess a deep understanding of how to effectively integrate AI technologies into procurement and inventory management processes.
  2. Acquire advanced skills in leveraging AI-driven analytics for precise demand forecasting and inventory optimization.
  3. Develop strategic proficiency in supplier relationship management, utilizing AI insights to enhance supplier selection, negotiation, and performance monitoring.
  4. Gain the ability to make informed, data-driven decisions, enabling them to respond rapidly to market changes and capitalize on emerging opportunities.
  5. Establish a competitive advantage in their industry by driving innovation and maintaining a resilient and efficient supply chain network through the application of AI.
Official school certificate
Recordings of all lectures
10% discount on any of our courses
Price without discount 9 000 €
8 100 €
Course fees
If you register early (over a month prior to the beginning of the course), you will receive a 10% discount on the entire program.
Register for the course and get 10% off!
Fill out the form and we'll send you a confirmation email.
"Cosmopolitacademy" LLC
264.110.1320023
TIN: 08256519
Komitas 19/1, Erevan, Armenia