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
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Supply Chain Management SpecializationRutgers the State University of New JerseyAbout this Course
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Flexible deadlines
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Shareable Certificate
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100% online
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Course 3 of 5 in the
Beginner Level
Approx. 14 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Greek, Italian, Vietnamese, German, Russian, English, Spanish, Hungarian
Skills you will gain
- Forecasting
- Microsoft Excel
- Planning
- Demand Forecasting
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 3 of 5 in the
Beginner Level
Approx. 14 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Greek, Italian, Vietnamese, German, Russian, English, Spanish, Hungarian
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
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
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
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
Reviews
- 5 stars80.43%
- 4 stars15.61%
- 3 stars2.20%
- 2 stars0.89%
- 1 star0.85%
TOP REVIEWS FROM SUPPLY CHAIN PLANNING
by NNOct 13, 2021
this course give me the basic knowledge about how make a forecast, the knowledge is basic and so easy to understand. If only that this course can be longer and more detail. Thank you so much!
by SSJul 4, 2020
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.
by KKJan 27, 2020
The course is very straight to the point and very hands-on.
I came with no prior knowledge in forecasting, and went with many takeaways.
Thanks to the teacher who is very bright !
by PKApr 13, 2020
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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