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Paul Jan

Supply chain planning is an important activity in any supply chain. This is where organizations get an idea of the upcoming demand, realize if they have the capacity to meet the demand, and determine how to realize these demands. In this course, we will explore how to use data science to conduct demand and supply planning, how to constrain the forecast, and how to measure the results. As we walk through this process, we will also explore how to use Excel to quantify each step.

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What's inside

Syllabus

Demand Planning
Welcome to Module 1, Demand Planning. In this module, we will explore demand planning, how to identify influencing factors, how to differentiate between the three simple statistical forecast types, and how to compute a few forecast values.
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Supply Planning
Welcome to Module 2, Supply Planning. In this module, we will discuss the basics of supply planning, how to confirm internal & external capacity, how to confirm material availability, and the importance of communication and data sharing to supply planning.
Constrained Forecast
Welcome to Module 3, Constrained Forecast. In this module, we will discuss constrained forecasts and consensus meetings. Specifically, we will cover the purpose and creation of constrained forecasts and how consensus meetings are utilized to reach organizational goals.
Measure Results
Welcome to Module 4, Measure Results. In this module, we will discuss measuring results through collecting actual performance results and calculating forecast errors. Specifically, we will discuss the purpose of measuring results, the types of metrics used when measuring results, and common error measurements and their advantages and disadvantages.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Develops fluency in supply chain, demand planning, supply planning, constrained forecast, and measuring results, which are essential skills for supply chain managers
Explores real-life use cases in Excel, which is standard in supply chain planning
Introduces constrained forecasts and consensus meetings, which are common practices in the industry
Teaches how to measure results to improve supply chain planning
Requires students to have basic knowledge of supply chain management and Excel

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Supply Chain Planning with these activities:
Review Data Analysis and Modeling Basics
Refreshing your data analysis and modeling skills will provide a strong foundation for the quantitative aspects of supply chain planning.
Browse courses on Data Analysis
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  • Review statistical principles and regression analysis
  • Practice using data analysis software or tools
Review 'Supply Chain Management: A Logistics Approach'
Reviewing this leading textbook can enhance your understanding of key concepts and provide a strong foundation for the course.
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  • Read Chapter 1: Introduction to Supply Chain Management
  • Summarize key points of Chapter 2: The Scope of Supply Chain Management
  • Complete end-of-chapter questions for Chapters 1 and 2
Follow Tutorials on Supply Chain Capacity Planning
Guided tutorials will provide additional support and insights into how to effectively plan supply chain capacity.
Browse courses on Production Planning
Show steps
  • Identify online tutorials on supply chain capacity planning
  • Watch and take notes from the tutorials
  • Apply the concepts learned in the tutorials to practical scenarios
Three other activities
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Show all six activities
Practice Demand Forecasting with Time Series Analysis
Repetitive practice with time series analysis will strengthen your ability to forecast demand accurately.
Browse courses on Demand Forecasting
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  • Solve practice problems on moving averages and exponential smoothing
  • Apply time series models to real-world demand data
Create a Supply Chain Demand Planning Model
By creating your own model, you will apply the principles learned in Module 1 and develop practical skills in demand forecasting.
Browse courses on Demand Forecasting
Show steps
  • Identify data sources for historical demand and related variables
  • Select and apply statistical forecasting methods
  • Evaluate and compare forecast accuracy
  • Prepare a report summarizing the model and its findings
Participate in a Study Group for Supply Chain Planning
Engaging in peer discussions will foster a deeper understanding of course concepts and enhance your critical thinking skills.
Browse courses on Supply Chain Planning
Show steps
  • Join or create a study group with classmates
  • Review course materials and prepare discussion topics
  • Actively participate in discussions and share insights

Career center

Learners who complete Supply Chain Planning will develop knowledge and skills that may be useful to these careers:
Operations Research Analyst
An Operations Research Analyst uses data science to solve complex problems in a variety of industries. They use this information to help businesses make better decisions about how to allocate resources, schedule production, and manage inventory. This course provides a strong foundation in the data science techniques used by Operations Research Analysts, making it a valuable resource for anyone who wants to enter this field.
Data Scientist
A Data Scientist uses data science to solve complex problems in a variety of industries. They use this information to help businesses make better decisions about how to allocate resources, schedule production, and manage inventory. This course provides a strong foundation in the data science techniques used by Data Scientists, making it a valuable resource for anyone who wants to enter this field.
Business Analyst
A Business Analyst uses data science to help businesses understand their customers, markets, and operations. They use this information to help businesses make better decisions about how to grow their business. This course provides a strong foundation in the data science techniques used by Business Analysts, making it a valuable resource for anyone who wants to enter this field.
Supply Chain Analyst
A Supply Chain Analyst uses data science to improve the efficiency and effectiveness of supply chains. They use this information to help businesses reduce costs, improve customer service, and mitigate risks. This course provides a strong foundation in the data science techniques used by Supply Chain Analysts, making it a valuable resource for anyone who wants to enter this field.
Demand Planning Analyst
A Demand Planning Analyst uses data science to forecast demand for products and services. They use this information to help businesses make decisions about production, inventory, and pricing. This course provides a strong foundation in the data science techniques used by Demand Planning Analysts, making it a valuable resource for anyone who wants to enter this field.
Product Manager
A Product Manager uses data science to analyze product data and make recommendations about product development. They use this information to help businesses make better decisions about how to develop and market their products. This course provides a strong foundation in the data science techniques used by Product Managers, making it a valuable resource for anyone who wants to enter this field.
Sales Analyst
A Sales Analyst uses data science to analyze sales data and make recommendations about sales strategies. They use this information to help businesses make better decisions about how to sell their products and services. This course provides a strong foundation in the data science techniques used by Sales Analysts, making it a valuable resource for anyone who wants to enter this field.
Statistician
A Statistician uses data science to analyze data and make recommendations about statistical models. They use this information to help businesses make better decisions about how to use their data. This course provides a strong foundation in the data science techniques used by Statisticians, making it a valuable resource for anyone who wants to enter this field.
Financial Analyst
A Financial Analyst uses data science to analyze financial data and make recommendations about investments. They use this information to help businesses make better decisions about how to allocate their resources. This course provides a strong foundation in the data science techniques used by Financial Analysts, making it a valuable resource for anyone who wants to enter this field.
Marketing Analyst
A Marketing Analyst uses data science to analyze marketing data and make recommendations about marketing campaigns. They use this information to help businesses make better decisions about how to reach their target audience. This course provides a strong foundation in the data science techniques used by Marketing Analysts, making it a valuable resource for anyone who wants to enter this field.
Risk Analyst
A Risk Analyst uses data science to analyze risk data and make recommendations about risk management. They use this information to help businesses make better decisions about how to manage their risks. This course provides a strong foundation in the data science techniques used by Risk Analysts, making it a valuable resource for anyone who wants to enter this field.
Project Manager
A Project Manager uses data science to analyze project data and make recommendations about project management. They use this information to help businesses make better decisions about how to manage their projects. This course provides a strong foundation in the data science techniques used by Project Managers, making it a valuable resource for anyone who wants to enter this field.
Writer
A Writer uses data science to analyze data and make recommendations about writing style. They use this information to help businesses write more effective marketing materials, blog posts, and other written content. This course provides a strong foundation in the data science techniques used by Writers, making it a valuable resource for anyone who wants to enter this field.
Consultant
A Consultant uses data science to analyze data and make recommendations about business strategies. They use this information to help businesses make better decisions about how to grow their business. This course provides a strong foundation in the data science techniques used by Consultants, making it a valuable resource for anyone who wants to enter this field.
Teacher
A Teacher uses data science to analyze data and make recommendations about teaching methods. They use this information to help students learn more effectively. This course provides a strong foundation in the data science techniques used by Teachers, making it a valuable resource for anyone who wants to enter this field.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Supply Chain Planning.
This comprehensive textbook provides a solid foundation in supply chain planning and inventory management. It covers topics such as demand forecasting, inventory optimization, and transportation planning, complementing the course's focus on data science applications.
Provides a comprehensive overview of supply chain management, covering topics such as demand forecasting, inventory management, transportation, and logistics. It valuable resource for anyone who wants to learn more about the field of supply chain management.
Provides a comprehensive overview of data mining techniques, which are increasingly used in supply chain planning for demand forecasting, customer segmentation, and other tasks. It offers a deeper understanding of data science applications in the field.
Provides valuable insights into demand-driven material requirements planning (DDMRP), a modern approach to supply chain planning. It can serve as a helpful reference for understanding the concepts covered in the course.
This classic work provides a fictionalized account of a manufacturing plant's journey to improve its operations. It introduces the Theory of Constraints, a problem-solving approach that can be applied to supply chain planning.
This textbook offers a comprehensive overview of operations and supply chain management, providing a foundational understanding of the broader context within which supply chain planning operates.
While not directly related to supply chain planning, this book provides a good introduction to Microsoft Excel, the tool used in the course for quantifying each step of the planning process.

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