Overview

Become proficient at the core processes that keep global supply chains running—demand forecasting, inventory control, order management, and production planning. This course teaches you how to anticipate customer needs, balance inventory levels, and ensure smooth operations across every stage of the supply chain. You'll explore key forecasting techniques, inventory models, order fulfillment workflows, and planning tools to drive efficiency and reduce risks. By integrating forecasting with procurement and risk management strategies, you’ll gain the ability to make proactive, data-informed decisions that enhance supply chain performance. By the end of this course, you will be able to: - Apply demand forecasting methods to production and procurement planning - Use inventory management models and techniques, including safety stock calculations - Manage the full order cycle from order receipt to invoicing - Execute production planning with tools like S&OP, MPS, and MRP - Assess and mitigate inventory-related risks in uncertain environments

Syllabus

Demand Forecasting Planning

It’s time to return to your journey to becoming a supply chain specialist! In this module, you’ll start by exploring how demand forecasting works in production planning and the main forecasting methods. After that, you’ll see how demand forecasting is applied in inventory management and learn the main types of inventory and how safety stocks work. Finally, you’ll discover the main inventory management techniques and models and how to use them.

Supply Chain Planning

Planning is the key to robust supply chains. Without thorough planning, the chains between the stakeholders in the logistics process are broken, and supplies are never delivered to where they are needed. In this module, you’ll discover the fundamentals of supply chain planning to guarantee successful logistics efforts. You’ll do this by learning all about sales and operations planning, master scheduling and materials planning, and production activity control.

Demand Forecasting in Procurement & Risk Management

In today's dynamic and unpredictable business environment, the ability to strategically procure goods and effectively manage inventory is more critical than ever. And there are two pillars that are fundamental to achieve this: demand forecasting and risk management. In this module, you’ll learn how demand forecasting is used in procurement, discover how to integrate demand forecasting in procurement and learn how to manage risks in inventory management.

Order Management

Order management is the secret ingredient of efficient supply chains. It’s a process that works mostly in the background, but it allows everything else to run smoothly and effectively. In this module, you’ll explore everything about order management, including how order receipts work, how to handle your own orders, what is order fulfillment and how it works, and how the invoicing process works.

Demand Forecasting and Inventory Management Final Project

Welcome to the final project of the course "Demand Forecasting and Inventory Management"! This hands-on project will be graded and necessary for you to receive your certificate. It will require around 60 minutes to complete, so make sure to set aside enough time to focus on it!