About 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.
Who is this class for: This course is for those looking to start a career in Supply Chain Management, but lack the basic background, for those working with people in Supply Chain Management and want to understand their daily challenges better, or for are fascinated by how demand is forecasted in today's supply chains.
Created by: Rutgers the State University of New Jersey
Taught by: Rudolf Leuschner, Ph.D., Assistant Professor
Department of Supply Chain Management
| Basic Info |
Course 3 of 5 in the
Supply Chain Management Specialization.
|
| Level | Beginner |
| Language | English, Subtitles: Greek |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
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...
6 videos, 6 readings, 2 practice quizzes
Graded: Naive Forecast and Cumulative Mean Assessment
WEEK 2
Forecast Accuracy and Moving Average
In this module, learners will cover two more sophisticated forecasting methods, the moving average and exponential smoothing.
4 videos, 7 readings, 2 practice quizzes
Graded: Forecast Accuracy
Graded: Moving Average
WEEK 3
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 videos, 5 readings, 1 practice quiz
Graded: Exponential Smoothing Forecast
WEEK 4
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.
1 video, 1 reading
Graded: Supply Chain Planning Assessment
FAQs
How It Works
Coursework
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Creators
Rutgers the State University of New Jersey
Pricing
| Audit | Purchase Course | |
|---|---|---|
| Access to course materials | Available | Available |
| Access to graded materials | Not available | Available |
| Receive a final grade | Not available | Available |
| Earn a shareable Course Certificate | Not available | Available |
Ratings and Reviews
Good course to know about basics of planning in supply chain!
First of all i would like to thank Coursera for introducing this very meaningful course on supply chain planning.
The course was all about predict (Forecast) , project, and estimate future demand. It is amazing to know there are many forecasting methods available from Naive to most sophisticated exponential smoothing where we can narrow down the errors by adjusting the value of Alpha. It was all new for me and i enjoyed the course. It will be injustice on my part if i don't take this opportunity to thank Mr. Rudolf Leuschner, who taught this course in a very simple manner to enable me to understand. I am really grateful to the teacher, and looking forward to complete next two courses and earn my Supply Chain specialization. A big thank you to Coursera.
Excellent course
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Course helps you to draw attention towards the forecasting the demand that is predicted of certain product.