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There are 5 modules in this course
Become proficient at the core processes that keep global supply chains running—demand forecasting, inventory control, order management, and production planning. This course teaches you how to anticipate customer needs, balance inventory levels, and ensure smooth operations across every stage of the supply chain. You'll explore key forecasting techniques, inventory models, order fulfillment workflows, and planning tools to drive efficiency and reduce risks. By integrating forecasting with procurement and risk management strategies, you’ll gain the ability to make proactive, data-informed decisions that enhance supply chain performance.
By the end of this course, you will be able to:
- Apply demand forecasting methods to production and procurement planning
- Use inventory management models and techniques, including safety stock calculations
- Manage the full order cycle from order receipt to invoicing
- Execute production planning with tools like S&OP, MPS, and MRP
- Assess and mitigate inventory-related risks in uncertain environments
It’s time to return to your journey to becoming a supply chain specialist! In this module, you’ll start by exploring how demand forecasting works in production planning and the main forecasting methods. After that, you’ll see how demand forecasting is applied in inventory management and learn the main types of inventory and how safety stocks work. Finally, you’ll discover the main inventory management techniques and models and how to use them.
What's included
10 videos12 readings4 assignments1 plugin
Show info about module content
10 videos•Total 26 minutes
Welcome to the Demand Forecasting and Inventory Management Course•2 minutes
The Basics of Demand Forecasting•2 minutes
Forecasting Methods•3 minutes
The Basics of Inventory Management•3 minutes
Types of inventory•4 minutes
Safety Stocks•3 minutes
Inventory Control Systems•2 minutes
Inventory Valuation Methods•2 minutes
Technology and the Future in Inventory Management•3 minutes
Demand Forecasting Planning Summary•2 minutes
12 readings•Total 74 minutes
Demand Forecasting in Production Planning Learning objectives•2 minutes
Demand Forecasting and Inventory Management Course Overview•10 minutes
The Benefits of Demand Forecasting•5 minutes
Exploring Qualitative and Quantitative Forecasting Methods•15 minutes
Demand Forecasting in Inventory Management Learning objectives•2 minutes
Calculating Safety Stocks•5 minutes
Inventory Management Techniques and Models Learning objectives•2 minutes
Common Inventory Control Systems Explained•10 minutes
Explore the Inventory Valuation Methods •5 minutes
Demand Forecasting Planning Wrap Up - Learning objectives•2 minutes
Demand Forecasting in Inventory Management Case Study•25 minutes
1 plugin•Total 10 minutes
Explore the types of inventory•10 minutes
Supply Chain Planning
Module 2•3 hours to complete
Module details
Planning is the key to robust supply chains. Without thorough planning, the chains between the stakeholders in the logistics process are broken, and supplies are never delivered to where they are needed. In this module, you’ll discover the fundamentals of supply chain planning to guarantee successful logistics efforts. You’ll do this by learning all about sales and operations planning, master scheduling and materials planning, and production activity control.
What's included
7 videos13 readings3 assignments1 plugin
Show info about module content
7 videos•Total 19 minutes
What is Sales and Operations Planning•3 minutes
The Sales and Operations Planning Process•2 minutes
The Master Production Schedule •2 minutes
Material Requirements Planning•3 minutes
Demand Driven Material Requirements Planning•3 minutes
Understanding Production Activity Control in Manufacturing•4 minutes
Supply Chain Planning Video Summary•2 minutes
13 readings•Total 104 minutes
Sales and Operations Planning Learning Objectives•2 minutes
Execution of Sales and Operation Plans•15 minutes
Master Scheduling & Materials Planning Case Study•25 minutes
1 plugin•Total 5 minutes
Choosing the Right Tool in Production Activity Control•5 minutes
Demand Forecasting in Procurement & Risk Management
Module 3•2 hours to complete
Module details
In today's dynamic and unpredictable business environment, the ability to strategically procure goods and effectively manage inventory is more critical than ever. And there are two pillars that are fundamental to achieve this: demand forecasting and risk management. In this module, you’ll learn how demand forecasting is used in procurement, discover how to integrate demand forecasting in procurement and learn how to manage risks in inventory management.
What's included
4 videos8 readings3 assignments1 plugin
Show info about module content
4 videos•Total 10 minutes
The basics of demand forecasting in procurement•3 minutes
Integrating demand forecasting in procurement•3 minutes
Risk management in inventory management•3 minutes
Demand Forecasting in Procurement & Risk Management Video Summary•2 minutes
8 readings•Total 67 minutes
Demand Forecasting in Procurement Learning objectives•2 minutes
How demand forecasting impacts procurement•15 minutes
Mastering demand forecasting integration and implementation•15 minutes
How to manage risks in inventory management •15 minutes
Demand Forecasting in Procurement & Risk Management Wrap Up - Learning objectives•2 minutes
Demand Forecasting in Procurement & Risk Management key Takeaways•15 minutes
References •1 minute
3 assignments•Total 40 minutes
Demand Forecasting in Procurement & Risk Management Graded Quiz•25 minutes
It’s quizzing time!•10 minutes
It's quizzing time!•5 minutes
1 plugin•Total 5 minutes
Recalling the Pillars of Demand Forecasting in Procurement•5 minutes
Order Management
Module 4•3 hours to complete
Module details
Order management is the secret ingredient of efficient supply chains. It’s a process that works mostly in the background, but it allows everything else to run smoothly and effectively. In this module, you’ll explore everything about order management, including how order receipts work, how to handle your own orders, what is order fulfillment and how it works, and how the invoicing process works.
What's included
5 videos12 readings4 assignments1 plugin
Show info about module content
5 videos•Total 10 minutes
The Basics of Order Management •2 minutes
Understanding Order Fulfilment: Steps and Processes•3 minutes
The fundamentals of invoicing•2 minutes
Invoice generation•2 minutes
Order Management Video Summary•2 minutes
12 readings•Total 74 minutes
Order Receipt, Entry, & Verification Learning Objectives•2 minutes
Order Management Process: Steps and Importance•10 minutes
The Future of Order Handling•5 minutes
Order Fulfillment Learning Objectives•2 minutes
How Order Fulfilment Works•10 minutes
Powering Order Fulfilment With AI •10 minutes
Invoicing Learning Objectives•2 minutes
Key elements of the invoicing process•10 minutes
Best practices in invoice generation•5 minutes
Order Management Wrap Up - Learning Objectives•2 minutes
Order Management Key Takeaways•15 minutes
References•1 minute
4 assignments•Total 70 minutes
Order Management Graded Quiz•25 minutes
It’s quizzing time!•10 minutes
It’s quizzing time!•10 minutes
Invoicing Case Study•25 minutes
1 plugin•Total 1 minute
Handling Your Own Orders•1 minute
Demand Forecasting and Inventory Management Final Project
Module 5•1 hour to complete
Module details
Welcome to the final project of the course "Demand Forecasting and Inventory Management"! This hands-on project will be graded and necessary for you to receive your certificate. It will require around 60 minutes to complete, so make sure to set aside enough time to focus on it!
What's included
1 assignment
Show info about module content
1 assignment•Total 60 minutes
Demand Forecasting and Inventory Management Final Project•60 minutes
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