Operations Management: Forecasting and Capacity Planning
Operations Management: Forecasting and Capacity Planning, available at $49.99, has an average rating of 3.75, with 27 lectures, 1 quizzes, based on 214 reviews, and has 9998 subscribers.
You will learn about Match customer demand trends with the patterns that illustrate them. Identify the major demand forecasting variables. Recognize key concepts related to various demand forecasting models and methods. Sequence the stages in the demand forecasting process. Recognize the characteristics of strategies used to manage capacity. This course is ideal for individuals who are Anyone working in operations management or another functional area, who is looking to gain a working understanding of the operations functions in a service or manufacturing organization It is particularly useful for Anyone working in operations management or another functional area, who is looking to gain a working understanding of the operations functions in a service or manufacturing organization.
Enroll now: Operations Management: Forecasting and Capacity Planning
Summary
Title: Operations Management: Forecasting and Capacity Planning
Price: $49.99
Average Rating: 3.75
Number of Lectures: 27
Number of Quizzes: 1
Number of Published Lectures: 27
Number of Published Quizzes: 1
Number of Curriculum Items: 33
Number of Published Curriculum Objects: 33
Original Price: $22.99
Quality Status: approved
Status: Live
What You Will Learn
- Match customer demand trends with the patterns that illustrate them.
- Identify the major demand forecasting variables.
- Recognize key concepts related to various demand forecasting models and methods.
- Sequence the stages in the demand forecasting process.
- Recognize the characteristics of strategies used to manage capacity.
Who Should Attend
- Anyone working in operations management or another functional area, who is looking to gain a working understanding of the operations functions in a service or manufacturing organization
Target Audiences
- Anyone working in operations management or another functional area, who is looking to gain a working understanding of the operations functions in a service or manufacturing organization
The course on Supply Forecasting and Capacity Planning is part of the Operations Management Training Program which includes a number of eight sections also presented as individual courses for your convenience.
How can a business cope with changes in demand for its goods or services? If demand falls below supply, the storage of unsold products will cost money, or staff and equipment will be idle.
But if demand exceeds supply, customers will be frustrated by unavailable products or long lines for service, and they may take their business to a competitor. Whether the business is manufacturing or service based, dealing with fluctuations in demand is a challenge for operations managers.
An operations manager’s objective is to fine-tune the production process so that the organization’s output matches to constantly changing consumer demand. To accomplish this task, the manager needs a knowledge of demand forecasting and of strategies for managing capacity to meet ever-changing demand.
Demand forecasting often uses information about past demand to identify patterns that can help predict future demand. It reduces risk and uncertainty in planning operations. The aim of capacity management is to make decisions that optimize productivity in light of actual or anticipated demand.
This course addresses the basics of demand forecasting and capacity management, you’ll learn:
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about the nature of supply and demand
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learn how to identify different demand trends based on their charts
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be introduced to the steps in the demand forecasting process, and
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learn about the range of capacity management strategies that are available.
In order, the six steps in the demand forecasting process are: establish purpose, select items, determine time horizons, select model, gather data and make forecast, and validate results. Three strategies are Level strategy, Chase Demand strategy, and Demand Management strategy
This course will give you important foundational knowledge of the techniques of demand forecasting and capacity management. You’ll become better equipped to implement them in your organization to align production schedules or service capacity to changing customer demands.
That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!
Course Curriculum
Chapter 1: Forecasting and Capacity Planning
Lecture 1: Course Overview
Lecture 2: Effective Learning
Lecture 3: FAQs
Lecture 4: Program Overview
Lecture 5: The Characteristics of Demand
Lecture 6: What Demand and Supply Are
Lecture 7: Recognizing Demand Trends
Lecture 8: The Science of Better Learning
Lecture 9: The Characteristics of Demand
Lecture 10: Demand Forecasting
Lecture 11: Defining Demand Forecasting
Lecture 12: The Four Variables of Demand Forecasting
Lecture 13: Steps in the Demand Forecasting Process
Lecture 14: Two Types of Demand Forecasting Models
Lecture 15: Qualitative and Quantitative Methods
Lecture 16: Forecasting Demand
Lecture 17: The Stages of the Demand Forecasting Process
Lecture 18: Capacity Management
Lecture 19: Defining Capacity
Lecture 20: Level Capacity Management Strategy
Lecture 21: Chase Demand Strategy
Lecture 22: Characteristics of the Three Substrategies of Chase Demand Strategy
Lecture 23: Demand Management Strategy
Lecture 24: Evaluating Capacity Management Strategies
Lecture 25: Managing Capacity
Lecture 26: Forecasting and Capacity Planning
Lecture 27: What's next?
Instructors
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Sorin Dumitrascu
Management trainer
Rating Distribution
- 1 stars: 7 votes
- 2 stars: 6 votes
- 3 stars: 26 votes
- 4 stars: 62 votes
- 5 stars: 113 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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