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.
This course is part of the Supply Chain Management Specialization
Offered By
Supply Chain Management SpecializationRutgers the State University of New JerseyAbout this Course
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Learner Career Outcomes
46%
started a new career after completing these courses
38%
got a tangible career benefit from this course
12%
got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 3 of 5 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 14 hours to complete
English
Subtitles: English, Greek
Skills you will gain
ForecastingMicrosoft ExcelPlanningDemand Forecasting
Learner Career Outcomes
46%
started a new career after completing these courses
38%
got a tangible career benefit from this course
12%
got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 3 of 5 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 14 hours to complete
English
Subtitles: English, Greek
Syllabus - What you will learn from this course
3 hours to complete
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.
3 hours to complete
6 videos (Total 21 min), 6 readings, 4 quizzes
6 videos
So, you want to forecast demand?4m
The Naive Forecast3m
Naive Forecast Screencast3m
The Cumulative Mean2m
Cumulative Mean Screencast4m
6 readings
Is this course for me?10m
Naive Forecast Example10m
Naive Forecast Solution5m
Cumulative Mean Example10m
Cumulative Mean Solution5m
Naive Method and Cumulative Mean Quiz Instructions20m
3 practice exercises
Naive Forecast Practice Quiz10m
Cumulative Mean Practice Quiz30m
Naive Forecast and Cumulative Mean Assessment30m
3 hours to complete
Forecast Accuracy and Moving Average
In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.
3 hours to complete
4 videos (Total 21 min), 7 readings, 4 quizzes
4 videos
Forecast Accuracy Measures Screencast4m
Moving Average3m
Screencast on Moving Average8m
7 readings
Notes on Forecast Accuracy Measures15m
Forecast Accuracy Solution15m
Forecast Accuracy Quiz Instructions20m
Moving Average Notes10m
About Rounding10m
Moving Average Solution5m
Moving Average Quiz Instructions20m
4 practice exercises
Forecast Accuracy Practice Quiz30m
Forecast Accuracy10m
Moving Average Practice Quiz30m
Moving Average20m
3 hours to complete
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 hours to complete
3 videos (Total 12 min), 5 readings, 3 quizzes
5 readings
Exponential Smoothing Notes10m
Exponential Smoothing Solution5m
Exponential Smoothing Quiz Instructions10m
Optimizing Exponential Smoothing20m
Forecasting Best Practices30m
2 practice exercises
Exponential Smoothing Practice Quiz30m
Exponential Smoothing Forecast30m
4 hours to complete
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.
4 hours to complete
1 video (Total 3 min), 1 reading, 1 quiz
1 reading
Sales and Operations Planning30m
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.
The Specialization is for you, if: 1. you're looking to start a career in Supply Chain Management, but lack the basic background; 2. you're working with people in Supply Chain Management and want to understand their daily challenges better; 3. you're 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'll 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'll solve a real-life business case.
Interested in learning advanced supply chain topics? View the Supply Chain Excellence MasterTrack™ Certificate.
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.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.
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