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.
Supply Chain Planning
Supply Chain Planning
This course is part of Supply Chain Management Specialization
Instructor: Rudolf Leuschner, Ph.D.
87,073 already enrolled
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4.7
(2,950 reviews)
Beginner level
No prior experience required
Flexible schedule
Approx. 13 hours
Learn at your own pace
85%
Most learners liked this course
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Assessments
9 assignments
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
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
In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.
What's included
4 videos7 readings4 assignments
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
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
Instructor
Instructor ratings
4.8 (540 ratings)
Recommended if you're interested in Business Strategy
University of California, Irvine
University of California, Irvine
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
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4.7
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Showing 3 of 2950
WM
5
Reviewed on Oct 10, 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.
PK
5
Reviewed on Apr 14, 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
JP
4
Reviewed on Jul 23, 2019
The course is very rewarding. The knowledge gain is invaluable and putting the principles into practice will be fun. Thank you for making it relatable and easy to understand.
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