Forecasting in Operations Management
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About this course
This course focuses on understanding how businesses can better manage the balance between demand and supply for their products and services. It delves into the nuances of demand forecasting, equipping operations managers with the necessary tools and techniques to address potential mismatches effectively. With a blend of theoretical insights and practical case studies, you'll learn valuable forecasting strategies and the factors that influence them.
What you'll learn
- Understanding different types of forecasting
- Identifying factors influencing demand forecasting
- Applying ratio-trend analysis and regression analysis
- Recognizing mistakes to avoid in forecasting
Course objectives
- To equip learners with practical forecasting skills
- To analyze demand and supply in operations management
- To formulate strategies based on accurate demand predictions
Skills you'll gain
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