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.
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.
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.
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.
started a new career after completing these courses
38%
got a tangible career benefit from this course
12%
got a pay increase or promotion
Top reviews from Supply Chain Planning
By JH•Mar 21st 2017
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.
By MS•Dec 16th 2016
I extend my thanks to all of the shares in our construction out of this session, learn and thanks go to coursera site, which allowed us to this effort, which is not privy that we shall return
This specialization is an introduction to the fascinating world of Supply Chain Management. When you complete the Supply Chain Management Specialization you will have a richer understanding of the complexities that companies are facing in today's global networked economy.
The specialization is for you, if: 1. you are looking to start a career in Supply Chain Management, but lack the basic background; 2. you are working with people in Supply Chain Management and want to understand their daily challenges better; 3. you are fascinated by how the global economy is linked together by the flow of products, information, and finances.
The Supply Chain Management Specialization is made up of four basic courses in logistics, operations, planning, and sourcing, followed by a capstone course in Supply Chain Management Strategy. The Supply Chain Logistics course will cover transportation, warehousing and inventory, and logistics network design. The Supply Chain Operations course covers techniques used to optimize flow and focuses specifically on Six Sigma quality and Lean practices. In the Supply Chain Planning course you will master different forecasting approaches. The Supply Chain Sourcing course deals with different techniques that help you create lasting and productive supplier relationships. Finally, in the capstone course on Supply Chain Management Strategy you will solve a real-life business case.
Join me as we enter the exciting field of Supply Chain Management!...
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.