Supply Chain Planning

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 4.5 stars Average User Rating 4.5See what learners said Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

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Rutgers the State University of New Jersey

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 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.


6 videos, 6 readings, 2 practice quizzes expand

1. Video: What is Supply Chain Planning?
2. Reading: Is this course for me?
3. Discussion Prompt: Introductions
4. Video: So, you want to forecast demand?
5. Discussion Prompt: Simple Forecasting Methods
6. Peer Review: Simple Forecasting Methods
7. Video: The Naive Forecast
8. Reading: Naive Forecast Example
9. Video: Naive Forecast Screencast
10. Practice Quiz: Naive Forecast Practice Quiz
11. Reading: Naive Forecast Solution
12. Video: The Cumulative Mean
13. Reading: Cumulative Mean Example
14. Video: Cumulative Mean Screencast
15. Practice Quiz: Cumulative Mean Practice Quiz
16. Reading: Cumulative Mean Solution
17. Reading: Naive Method and Cumulative Mean Quiz Instructions

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 expand

1. Video: Forecast Accuracy Measures
2. Reading: Notes on Forecast Accuracy Measures
3. Video: Forecast Accuracy Measures Screencast
4. Practice Quiz: Forecast Accuracy Practice Quiz
5. Reading: Forecast Accuracy Solution
6. Reading: Forecast Accuracy Quiz Instructions
7. Video: Moving Average
8. Reading: Moving Average Notes
9. Video: Screencast on Moving Average
10. Reading: About Rounding
11. Practice Quiz: Moving Average Practice Quiz
12. Reading: Moving Average Solution
13. Reading: Moving Average Quiz Instructions

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 expand

1. Video: Exponential Smoothing
2. Reading: Exponential Smoothing Notes
3. Video: Exponential Smothing Screencast
4. Practice Quiz: Exponential Smoothing Practice Quiz
5. Reading: Exponential Smoothing Solution
6. Reading: Exponential Smoothing Quiz Instructions
7. Reading: Optimizing Exponential Smoothing
8. Video: Selecting the Best Forecast
9. Reading: Forecasting Best Practices
10. Peer Review: Selecting the Best Forecasting Method

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 expand

1. Video: Supply, Manufacturing and Distribution Planning
2. Reading: Sales and Operations Planning
3. Discussion Prompt: Sales and Operations Planning

Graded: Supply Chain Planning Assessment