Supply Chain Planning — Coursera Answers
Key metrics: Forecast accuracy (MAPE), bias, and tracking signals.
This write-up provides a conceptual overview and key answers for the Supply Chain Planning course from Rutgers University on Course Overview supply chain planning coursera answers
Daily demand for a product is 50 units. The lead time from the supplier is 6 days. The company wants to maintain a safety stock of 100 units. At what inventory level should they reorder? The Formula: Key metrics: Forecast accuracy (MAPE), bias, and tracking
Forecasting is the engine of supply chain planning. This module requires basic statistical knowledge and data analysis. Core Methodologies Key metrics: Forecast accuracy (MAPE)