In this course, we'll make predictions on product usage and calculate optimal safety stock storage. We'll start with a time series of shoe sales across multiple stores on three different continents. To begin, we'll look for unique insights and other interesting things we can find in the data by performing groupings and comparing products within each store. Then, we'll use a seasonal autoregressive integrated moving average (SARIMA) model to make predictions on future sales. In addition to making predictions, we'll analyze the provided statistics (such as p-score) to judge the viability of using the SARIMA model to make predictions. Then, we'll tune the hyper-parameters of the model to garner better results and higher statistical significance. Finally, we'll make predictions on safety stock by looking to the data for monthly usage predictions and calculating safety stock from the formula involving lead times.

Capstone Project: Predicting Safety Stock

Capstone Project: Predicting Safety Stock
This course is part of Machine Learning for Supply Chains Specialization

Instructor: LearnQuest Network
Access provided by Kalinga Institute of Industrial Technology
Gain insight into a topic and learn the fundamentals.
10 reviews
Intermediate level
Recommended experience
1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
What you'll learn
Calcualte safety stock using SARIMA predictions combined with manipulaitng lead times.
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Tools you'll learn
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Taught in English
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This course is part of the Machine Learning for Supply Chains Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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