This course is part of the Supply Chain Management Specialization

4.7
stars
2,657 ratings

Rudolf Leuschner, Ph.D.

64,085 already enrolled

Offered By

Supply Chain Management SpecializationRutgers the State University of New Jersey

About this Course

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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.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Course 3 of 5 in the

Supply Chain Management Specialization

Beginner Level

Approx. 14 hours to complete

English

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Skills you will gain

Forecasting
Microsoft Excel
Planning
Demand Forecasting

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 5 in the

Supply Chain Management Specialization

Beginner Level

Approx. 14 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.78/5 (465 Ratings)

Rudolf Leuschner, Ph.D.

Associate Professor

Department of Supply Chain Management

258,215 Learners

11 Courses

Offered by

Rutgers the State University of New Jersey

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Syllabus - What you will learn from this course

Content Rating87%(8,540 ratings)

Week

Week 1

3 hours to complete

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.

3 hours to complete

6 videos (Total 21 min), 6 readings, 4 quizzes

6 videos

What is Supply Chain Planning?1m

So, you want to forecast demand?4m

The Naive Forecast3m

Naive Forecast Screencast3m

The Cumulative Mean2m

Cumulative Mean Screencast4m

6 readings

Is this course for me?10m

Naive Forecast Example10m

Naive Forecast Solution5m

Cumulative Mean Example10m

Cumulative Mean Solution5m

Naive Method and Cumulative Mean Quiz Instructions20m

3 practice exercises

Naive Forecast Practice Quiz10m

Cumulative Mean Practice Quiz30m

Naive Forecast and Cumulative Mean Assessment30m

Week

Week 2

3 hours to complete

Forecast Accuracy and Moving Average

3 hours to complete

4 videos (Total 21 min), 7 readings, 4 quizzes

4 videos

Forecast Accuracy Measures3m

Forecast Accuracy Measures Screencast4m

Moving Average3m

Screencast on Moving Average8m

7 readings

Notes on Forecast Accuracy Measures15m

Forecast Accuracy Solution15m

Forecast Accuracy Quiz Instructions20m

Moving Average Notes10m

About Rounding10m

Moving Average Solution5m

Moving Average Quiz Instructions20m

4 practice exercises

Forecast Accuracy Practice Quiz30m

Forecast Accuracy10m

Moving Average Practice Quiz30m

Moving Average20m

Week

Week 3

3 hours to complete

Exponential Smoothing and Forecast Selection

3 hours to complete

3 videos (Total 12 min), 5 readings, 3 quizzes

Week

Week 4

4 hours to complete

Supply Chain Planning

4 hours to complete

1 video (Total 3 min), 1 reading, 1 quiz

Reviews

4.7

590 reviews

5 stars
80.40%
4 stars
15.60%
3 stars
2.25%
2 stars
0.90%
1 star
0.82%

TOP REVIEWS FROM SUPPLY CHAIN PLANNING

by JPJul 22, 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.

by FNMay 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

by MMNov 28, 2022

This course was very fruitful and efficient for me, it contains calculation, forecast methods and excel skills. The quizes and assignment were very challenging and practical

by YNApr 17, 2022

It gets harder as the course goes. But very well explained. I wish there was a bit more explanation for the reasoing behind the fourmula. Peer review is sometime questionable...

View all reviews

About the Supply Chain Management Specialization

This Specialization is an introduction to the fascinating world of Supply Chain Management. When you complete the program you'll have a richer understanding of the complexities that companies are facing in today's global networked economy.

The Specialization is for you, if: 1. you're looking to start a career in Supply Chain Management, but lack the basic background; 2. you're working with people in Supply Chain Management and want to understand their daily challenges better; 3. you're fascinated by how the global economy is linked together by the flow of products, information, and finances. The Supply Chain Management Specialization is made up of four basic courses in logistics, operations, planning, and sourcing, followed by a capstone course in Supply Chain Management Strategy. The Supply Chain Logistics course will cover transportation, warehousing and inventory, and logistics network design. The Supply Chain Operations course covers techniques used to optimize flow and focuses specifically on Six Sigma quality and Lean practices. In the Supply Chain Planning course you'll master different forecasting approaches. The Supply Chain Sourcing course deals with different techniques that help you create lasting and productive supplier relationships. Finally, in the capstone course on Supply Chain Management Strategy you'll solve a real-life business case. Interested in learning advanced supply chain topics? View the Supply Chain Excellence MasterTrack™ Certificate.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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