This course is part of the Leverage Data Science for a More Agile Supply Chain Specialization

4.5
stars
31 ratings

Paul Jan

1,667 already enrolled

Offered By

Leverage Data Science for a More Agile Supply Chain SpecializationUniversity of California, Irvine

About this Course

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Supply chain planning is an important activity in any supply chain. This is where organizations get an idea of the upcoming demand, realize if they have the capacity to meet the demand, and determine how to realize these demands. In this course, we will explore how to use data science to conduct demand and supply planning, how to constrain the forecast, and how to measure the results. As we walk through this process, we will also explore how to use Excel to quantify each step.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Course 1 of 3 in the

Leverage Data Science for a More Agile Supply Chain Specialization

Intermediate Level

At least 1-2 years of supply chain management experience is recommended.

Approx. 5 hours to complete

English

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What you will learn

Describe how demand planning, supply planning, and constrained forecast are associated with one another.
Use Excel to analyze historical data to quantify future needs.
Measure and quantify results for improvement.

Skills you will gain

Demand Planning
Data Analysis
Supply Chain
constrained forecast
supply planning

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 1 of 3 in the

Leverage Data Science for a More Agile Supply Chain Specialization

Intermediate Level

At least 1-2 years of supply chain management experience is recommended.

Approx. 5 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.59/5 (11 Ratings)

Paul Jan

Supply Chain Thought-Leader and Educator

Division of Continuing Education

3,073 Learners

3 Courses

Offered by

University of California, Irvine

Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways.

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Syllabus - What you will learn from this course

Week1

Week 1

2 hours to complete

Demand Planning

2 hours to complete

2 videos (Total 33 min), 2 readings, 1 quiz

Week2

Week 2

1 hour to complete

Supply Planning

1 hour to complete

1 video (Total 8 min), 3 readings, 1 quiz

Week3

Week 3

1 hour to complete

Constrained Forecast

1 hour to complete

1 video (Total 8 min), 2 readings, 1 quiz

Week4

Week 4

1 hour to complete

Measure Results

1 hour to complete

1 video (Total 14 min), 1 reading, 1 quiz

Reviews

4.5

8 reviews

5 stars
64.70%
4 stars
26.47%
2 stars
5.88%
1 star
2.94%

TOP REVIEWS FROM SUPPLY CHAIN PLANNING

by MKFeb 24, 2023

Content conveyed in a simple manner and topics are easy to understand.

by HRJan 31, 2023

The Course Materials are detailed which is very useful for understanding.

View all reviews

About the Leverage Data Science for a More Agile Supply Chain Specialization

Over the past two decades, the supply chain has become more complex. While advancing technology has allowed companies to capture this complexity within stores of ever accumulating data, companies have not kept up with how to analyze and derive insights from that data. This specialization uses hands-on activities to show how data science techniques can turn raw data into decision-makers for a more agile supply chain. Foundational techniques such as demand forecasting, inventory management with demand variability, and using the newsvendor model are covered, in addition to more advanced techniques such as how to optimize for capacity and resources as well as mitigate risks with the Monte Carlo simulation. By the end of this specialization, you will be able to:

Describe how demand planning, supply planning, and constrained forecast are associated with one another. Use Excel to analyze historical data to quantify future needs. Analyze historical data to determine inventory levels in steady and uncertain demand situations using Excel. Manage inventory in an uncertain environment. Quantify the inventory needs for single-period items using the newsvendor model. Identify the components of capacity optimization, resource optimization, and Monte Carlo simulation. Set up and solve optimization problems in Excel. Build a demand and inventory snapshot and run a Monte Carlo simulation to solve for a more agile supply chain.

Leverage Data Science for a More Agile Supply Chain

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
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. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Supply Chain Planning

About this Course

What you will learn

Skills you will gain