SCMT 36203 — PLAN: Inventory and Forecasting Analytics
The intent of this course is to rigorously examine two key elements of logistics: inventory control and forecasting. Coverage of the former topic specifically focuses on inventory control methods for stochastic demand and lead times. Besides a review of the associated theoretical bases, the implementation of such policies in Excel is a central component of the course. Forecasting topics covered in this course include a review of a variety of forecasting techniques and forecast error measurement. Moreover, the linkage between forecasting and inventory control is discussed. As with inventory control, students will learn how to implement various forecasting techniques in Excel. Prerequisite: (( ECON 21003 and ECON 22003 ) or ECON 21403 ) and SCMT 21003 with a grade of C or better. (Typically offered: Fall and Spring)
Prerequisites: ECON 21003, ECON 22003, ECON 21403, SCMT 21003