Have you ever wondered how companies know how much to produce in advance so that they do not make too much or too little? Matching supply and demand requires planning. This course introduces you to the exciting area of supply chain planning. Part of a broader specialization on Supply Chain Management, you will master different forecasting techniques, essential for building a Sales and Operations Plan. At the completion of this course you will have the tools and techniques to analyze demand data, construct different forecasting techniques, and choose the most suitable one for projecting future demand.
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About this Course
Learner Career Outcomes
40%
33%
10%
Skills you will gain
Learner Career Outcomes
40%
33%
10%
Offered by

Rutgers the State University of New Jersey
Syllabus - What you will learn from this course
Simple Forecasting Methods, Naive Forecast and Cumulative Mean
Welcome to the exciting world of planning! This module introduces you to the professor who is teaching the courses in the Supply Chain Management Specialization. You will also construct forecasting models that enable you to predict future demand. By the end of this short module, you'll know what to expect in the course and hopefully be as excited to learn about Supply Chain Planning as I will be to teach you.In this module learners will review two simple forecasting methods, the naive method and the cumulative mean. Finally, you will create forecasts of your own based on a data set and provide the correct answers in the quiz.
Forecast Accuracy and Moving Average
In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.
Exponential Smoothing and Forecast Selection
In this module, you will master one more forecasting method - exponential smoothing. In addition, you will learn how to pick the best forecasting approach and what to do with the forecast once it is implemented.
Supply Chain Planning
In this module you will put your new forecasting skills to the test. You will analyze a real-life dataset and make recommendations on the different forecasting methods.
Reviews
TOP REVIEWS FROM SUPPLY CHAIN PLANNING
I am on my way to complete the specialization. I have learned so much about supply chain planning and forecasting in this course. Right from a different type of forecastings to errors in forecasting.
Great course: concepts well explained, thought-provoking assignments that applies concepts, broaden exposure to the topic itself as well as how it connects to the other components of Supply Chain.
I loved the way course is structured and the way it is delivered, Mr. Rudi has kept it simple and makes it look easy to grab. He tries to cover the top summary of all needed subjects in each title
Ver well covered each details of ciuce and surely i personally have learnt the different ways of forecasting with easy to understand video and thanks to the professor.. Wushing you all the luck
About the Supply Chain Management Specialization
This Specialization is an introduction to the fascinating world of Supply Chain Management. When you complete the program you'll have a richer understanding of the complexities that companies are facing in today's global networked economy.

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