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Course Description

Supply chain analytics are everywhere. Consider the similarities between a grocery list and a demand forecast: Before going to the store, you note which groceries you already have in your home. Next, you think about how much of each item you used in the past. Based on this information, you can predict how much of each item you need to purchase. In this micro example, you are acting as a supply chain analyst.

As you look at the implications of a larger-scale supply chain analysis, you'll grasp the complexity that organizations face in making accurate demand forecasts. When grocery shopping, if you make mistakes, you can just go on another trip and correct the purchase. In business situations, however, a mistake could mean a significant loss. In this case, you want to make decisions in a scientific and proven way.

In this course, you will measure performance based on an existing dataset. You will then determine the best forecasting method based on the given data. Finally, you will expand the application of this data by calculating a forecast for future demand and considering holistic approaches for mitigating risk, applying practical skills to incorporate into your future work with supply chain analytics.

Faculty Author

Li Chen

Benefits to the Learner

  • Measure demand forecast
  • Generate demand forecast with and without seasonality
  • Assess supply chain variability

Target Audience

  • Individuals seeking to increase skills in supply chain strategy
  • Operations analysts
  • Market analysts for consumer and industrial products
  • Consultants seeking supply chain knowledge

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Jul 31, 2024 to Aug 13, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note that the content in the Supply Chain Analytics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example, JCB551 prior to JCB552, JCB552 prior to JCB553, etc.
Type
2 week
Dates
Oct 09, 2024 to Oct 22, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note that the content in the Supply Chain Analytics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example, JCB551 prior to JCB552, JCB552 prior to JCB553, etc.
Type
2 week
Dates
Dec 18, 2024 to Dec 31, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note that the content in the Supply Chain Analytics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example, JCB551 prior to JCB552, JCB552 prior to JCB553, etc.
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