Supply Chain Strategy: Demand Forecasting and Inventory Optimization

<p>Build real supply chain skills through the story of Priya Nadarajah, a supply chain analyst at Northfork Outfitters working to fix chronic stockouts and overstock on the company's best-selling TrailVault 32 water bottle. Learn how to forecast demand with moving averages and exponential smoothing, how to measure and correct forecast error, how to size purchase orders with the economic order quantity model, how to set safety stock and reorder points against real demand variability and lead time, and how to diagnose and redesign a supply chain after a real disruption exposes the risk of relying on a single supplier.</p>

Tools: Demand Forecasting, Exponential Smoothing, EOQ Inventory Planning, Safety Stock & Reorder Points, Bullwhip Effect Mitigation