About this course: 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.
Who is this class for: This course is for those looking to start a career in Supply Chain Management, but lack the basic background, for those working with people in Supply Chain Management and want to understand their daily challenges better, or for are fascinated by how demand is forecasted in today's supply chains.
Created by: Rutgers the State University of New Jersey
Taught by: Rudolf Leuschner, Ph.D., Assistant Professor
Department of Supply Chain Management
| Basic Info | Course 3 of 5 in the Supply Chain Management Specialization |
| Level | Beginner |
| Language | English, Subtitles: Greek |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
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.
6 videos, 6 readings, 2 practice quizzes
- Материал для самостоятельного изучения: Is this course for me?
- Вопрос для обсуждения: Introductions
- Video: So, you want to forecast demand?
- Вопрос для обсуждения: Simple Forecasting Methods
- Взаимная оценка: Simple Forecasting Methods
- Video: The Naive Forecast
- Материал для самостоятельного изучения: Naive Forecast Example
- Video: Naive Forecast Screencast
- Тренировочный тест: Naive Forecast Practice Quiz
- Материал для самостоятельного изучения: Naive Forecast Solution
- Video: The Cumulative Mean
- Материал для самостоятельного изучения: Cumulative Mean Example
- Video: Cumulative Mean Screencast
- Тренировочный тест: Cumulative Mean Practice Quiz
- Материал для самостоятельного изучения: Cumulative Mean Solution
- Материал для самостоятельного изучения: Naive Method and Cumulative Mean Quiz Instructions
Graded: Naive Forecast and Cumulative Mean Assessment
WEEK 2
Forecast Accuracy and Moving Average
In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.
4 videos, 7 readings, 2 practice quizzes
- Материал для самостоятельного изучения: Notes on Forecast Accuracy Measures
- Video: Forecast Accuracy Measures Screencast
- Тренировочный тест: Forecast Accuracy Practice Quiz
- Материал для самостоятельного изучения: Forecast Accuracy Solution
- Материал для самостоятельного изучения: Forecast Accuracy Quiz Instructions
- Video: Moving Average
- Материал для самостоятельного изучения: Moving Average Notes
- Video: Screencast on Moving Average
- Материал для самостоятельного изучения: About Rounding
- Тренировочный тест: Moving Average Practice Quiz
- Материал для самостоятельного изучения: Moving Average Solution
- Материал для самостоятельного изучения: Moving Average Quiz Instructions
Graded: Forecast Accuracy
Graded: Moving Average
WEEK 3
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.
3 videos, 5 readings, 1 practice quiz
- Материал для самостоятельного изучения: Exponential Smoothing Notes
- Video: Exponential Smothing Screencast
- Тренировочный тест: Exponential Smoothing Practice Quiz
- Материал для самостоятельного изучения: Exponential Smoothing Solution
- Материал для самостоятельного изучения: Exponential Smoothing Quiz Instructions
- Материал для самостоятельного изучения: Optimizing Exponential Smoothing
- Video: Selecting the Best Forecast
- Материал для самостоятельного изучения: Forecasting Best Practices
- Взаимная оценка: Selecting the Best Forecasting Method
Graded: Exponential Smoothing Forecast
WEEK 4
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.
1 video, 1 reading
- Материал для самостоятельного изучения: Sales and Operations Planning
- Вопрос для обсуждения: Sales and Operations Planning
Graded: Supply Chain Planning Assessment
FAQs
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Creators
Rutgers the State University of New Jersey
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| Purchase Course | |
|---|---|
| Access to course materials | Available |
| Access to graded materials | Available |
| Receive a final grade | Available |
| Earn a shareable Course Certificate | Available |
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