Supply Chain Planning

Rutgers the State University of New Jersey

Supply Chain Planning

This course is part of Supply Chain Management Specialization

Instructor: Rudolf Leuschner, Ph.D.

98,202 already enrolled

4 modules

Gain insight into a topic and learn the fundamentals.

3,046 reviews

Beginner level

No prior experience required

Flexible schedule

1 week at 10 hours a week

Learn at your own pace

85%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

3,046 reviews

Beginner level

No prior experience required

Flexible schedule

1 week at 10 hours a week

Learn at your own pace

85%

Most learners liked this course

Skills you'll gain

Tools you'll learn

Microsoft Excel

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

9 assignments¹

AI Graded see disclaimer

Taught in English

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This course is part of the Supply Chain Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There are 4 modules in 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.

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.

What's included

6 videos6 readings3 assignments1 peer review2 discussion prompts

6 videos Total 21 minutes

What is Supply Chain Planning? 1 minute
So, you want to forecast demand? 5 minutes
The Naive Forecast 4 minutes
Naive Forecast Screencast 4 minutes
The Cumulative Mean 3 minutes
Cumulative Mean Screencast 5 minutes

6 readings Total 60 minutes

Is this course for me? 10 minutes
Naive Forecast Example 10 minutes
Naive Forecast Solution 5 minutes
Cumulative Mean Example 10 minutes
Cumulative Mean Solution 5 minutes
Naive Method and Cumulative Mean Quiz Instructions 20 minutes

3 assignments Total 70 minutes

Naive Forecast and Cumulative Mean Assessment 30 minutes
Naive Forecast Practice Quiz 10 minutes
Cumulative Mean Practice Quiz 30 minutes

1 peer review Total 30 minutes

Simple Forecasting Methods 30 minutes

2 discussion prompts Total 20 minutes

Introductions 10 minutes
Simple Forecasting Methods 10 minutes

In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.

What's included

4 videos7 readings4 assignments

4 videos Total 21 minutes

Forecast Accuracy Measures 4 minutes
Forecast Accuracy Measures Screencast 5 minutes
Moving Average 4 minutes
Screencast on Moving Average 8 minutes

7 readings Total 95 minutes

Notes on Forecast Accuracy Measures 15 minutes
Forecast Accuracy Solution 15 minutes
Forecast Accuracy Quiz Instructions 20 minutes
Moving Average Notes 10 minutes
About Rounding 10 minutes
Moving Average Solution 5 minutes
Moving Average Quiz Instructions 20 minutes

4 assignments Total 90 minutes

Forecast Accuracy 10 minutes
Moving Average 20 minutes
Forecast Accuracy Practice Quiz 30 minutes
Moving Average Practice Quiz 30 minutes

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.

What's included

3 videos5 readings2 assignments1 peer review

3 videos Total 12 minutes

Exponential Smoothing 4 minutes
Exponential Smothing Screencast 6 minutes
Selecting the Best Forecast 2 minutes

5 readings Total 75 minutes

Exponential Smoothing Notes 10 minutes
Exponential Smoothing Solution 5 minutes
Exponential Smoothing Quiz Instructions 10 minutes
Optimizing Exponential Smoothing 20 minutes
Forecasting Best Practices 30 minutes

2 assignments Total 60 minutes

Exponential Smoothing Forecast 30 minutes
Exponential Smoothing Practice Quiz 30 minutes

1 peer review Total 60 minutes

Selecting the Best Forecasting Method 60 minutes

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.

What's included

1 video1 reading1 peer review1 discussion prompt

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Instructor

Instructor ratings

(566 ratings)

Rudolf Leuschner, Ph.D.

Rutgers the State University of New Jersey

17 Courses 437,733 learners

Offered by

Rutgers the State University of New Jersey

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Reviewed on Jul 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.

Reviewed on Oct 9, 2024

Great course, one opportunity of improvement is to explain the philosophy behind using such forecasting model and what's next after utilizing such model. Anyways, it's a great course.

Reviewed on May 23, 2020

I really liked how the instructor explained everything theoretically and provided extra reading sources, in addition I liked how we implemented the use of forecasting methods mathematically

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