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Forecasting in Operations Management Course

person icon Management Study Guide

4.1

Forecasting in Operations Management Course

Forecasting - A Tool to fulfill customer's demand

updated on icon Updated on May, 2024

language icon Language - English

person icon Management Study Guide

English [CC]

category icon Business,Operations

Lectures -17

Duration -54 mins

4.1

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Course Description

For an organization to provide customer delight it is important that the organization can understand what customers want and how much do they want.

If an organization can gauge future demand, then manufacturing plan becomes simpler and cost-effective.

Goals

What will you learn in this course:

  • What is meant by ‘Forecasting’
  • Classification of Forecasting

Prerequisites

What are the prerequisites for this course?

  • Basic English and Understanding of Customer's Needs
Forecasting in Operations Management Course

Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction to Forecasting in Operations Management Introduction
1 Lectures
  • play icon Introduction To Forecasting In Operations Management Introduction 04:53 04:53
Explain What is meant by ‘Forecasting’
1 Lectures
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Explain the Classification of Forecasting
1 Lectures
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Explain the Types of Forecasting
1 Lectures
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List the Qualitative Forecasting Methods
1 Lectures
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List the Quantitative Forecasting Methods
1 Lectures
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Explain Factors to Consider While Forecasting
1 Lectures
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Explain Steps of Forecasting
1 Lectures
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Explain Steps for Ratio-Trend Analysis
1 Lectures
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Describe Regression Analysis
1 Lectures
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Describe Work Study Techniques
1 Lectures
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Explain the Steps for Delphi Technique
1 Lectures
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Describe Managerial Judgments for Forecasting
1 Lectures
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Explain the Forecasting Process
1 Lectures
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List the Mistakes to Avoid while Forecasting
1 Lectures
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List the Characteristics of a Good Forecast
1 Lectures
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Instructor Details

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