Forecasting in Operations Management
Forecasting - A Tool to fulfill customer's demand
Updated on Oct, 2023
Language - English
Lectures -17
Duration -54 mins
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
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction to Forecasting in Operations Management Introduction
1 Lectures
-
Introduction To Forecasting In Operations Management Introduction
04:53
04:53
Explain What is meant by ‘Forecasting’
1 Lectures
Explain the Classification of Forecasting
1 Lectures
Explain the Types of Forecasting
1 Lectures
List the Qualitative Forecasting Methods
1 Lectures
List the Quantitative Forecasting Methods
1 Lectures
Explain Factors to Consider While Forecasting
1 Lectures
Explain Steps of Forecasting
1 Lectures
Explain Steps for Ratio-Trend Analysis
1 Lectures
Describe Regression Analysis
1 Lectures
Describe Work Study Techniques
1 Lectures
Explain the Steps for Delphi Technique
1 Lectures
Describe Managerial Judgments for Forecasting
1 Lectures
Explain the Forecasting Process
1 Lectures
List the Mistakes to Avoid while Forecasting
1 Lectures
List the Characteristics of a Good Forecast
1 Lectures
Instructor Details
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