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[ CoursePig.com ] Udemy - Forecasting In Operations Management
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[ CourseWikia.com ] Forecasting in Operations Management
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Instructors: Management Study Guide
1 section • 16 lectures • 54m total length
Video: MP4 1280x720 44 KHz | English + Sub
Updated 12/2021 | Size: 593 MB
Forecasting can prove to be an extremely powerful tool for any organization to fulfill its customers’ demands
What you'll learn
Explain What is meant by ‘Forecasting’
Explain the Classification of Forecasting
Explain the Types of Forecasting
List the Qualitative Forecasting Methods
List the Quantitative Forecasting Methods
Explain Factors to Consider While Forecasting
Explain Steps of Forecasting
Explain Steps for Ratio-Trend Analysis
Describe Regression Analysis
Describe Work Study Techniques
Explain the Steps for Delphi Technique
Describe Managerial Judgments for Forecasting
Explain the Forecasting Process
List the Mistakes to Avoid while Forecasting
List the Characteristics of a Good Forecast
Requirements
No prior knowledge is required
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. The process of analyzing and understanding current and past information to understand the future patterns through a scientific and systemic approach is called ‘Forecasting’. And the process of estimating the future demand of product in terms of a unit or monetary value is referred to as demand forecasting.
The purpose of forecasting is to help the organization manage the present as to prepare for the future by examining the most probable future demand pattern. However, forecasting has its constraints, for example, we cannot estimate a pattern for technologies and product where there are no existing patterns or data. In supply chain a large number to process and people are involved between the suppliers and end-customers. This leads to an inaccurate forecasting and inventory at supply chain levels. It is important to it is essential that the forecasting is made at the consumers level to improve accuracy and communication.
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FILE LIST
Filename
Size
~Get Your Files Here !/1. Introduction-to-Forecasting-in-Operations-Management.mp4
50.1 MB
~Get Your Files Here !/1. Introduction-to-Forecasting-in-Operations-Management.srt
5.3 KB
~Get Your Files Here !/10. Describe Regression Analysis.mp4
6.3 MB
~Get Your Files Here !/10. Describe Regression Analysis.srt
795 B
~Get Your Files Here !/11. Describe Work Study Techniques.mp4
6.4 MB
~Get Your Files Here !/11. Describe Work Study Techniques.srt
854 B
~Get Your Files Here !/12. Explain the Steps for Delphi Technique.mp4
4.4 MB
~Get Your Files Here !/12. Explain the Steps for Delphi Technique.srt
713 B
~Get Your Files Here !/13. Describe Managerial Judgments for Forecasting.mp4
79.5 MB
~Get Your Files Here !/13. Describe Managerial Judgments for Forecasting.srt
6.6 KB
~Get Your Files Here !/14. Explain the Forecasting Process.mp4
129.2 MB
~Get Your Files Here !/14. Explain the Forecasting Process.srt
14.9 KB
~Get Your Files Here !/15. List the Mistakes to Avoid while Forecasting.mp4
43.1 MB
~Get Your Files Here !/15. List the Mistakes to Avoid while Forecasting.srt
5.7 KB
~Get Your Files Here !/16. List the Characteristics of a Good Forecast.mp4
105 MB
~Get Your Files Here !/16. List the Characteristics of a Good Forecast.srt
12.3 KB
~Get Your Files Here !/2. Explain What is meant by ‘Forecasting’.mp4
25.9 MB
~Get Your Files Here !/2. Explain What is meant by ‘Forecasting’.srt
2.6 KB
~Get Your Files Here !/3. Explain the Classification of Forecasting.mp4
21 MB
~Get Your Files Here !/3. Explain the Classification of Forecasting.srt
2 KB
~Get Your Files Here !/4. Explain the Types of Forecasting.mp4
17.5 MB
~Get Your Files Here !/4. Explain the Types of Forecasting.srt
2.2 KB
~Get Your Files Here !/5. List the Qualitative Forecasting Methods.mp4
4.8 MB
~Get Your Files Here !/5. List the Qualitative Forecasting Methods.srt
690 B
~Get Your Files Here !/6. List the Quantitative Forecasting Methods.mp4
10.4 MB
~Get Your Files Here !/6. List the Quantitative Forecasting Methods.srt
989 B
~Get Your Files Here !/7. Explain Factors to Consider While Forecasting.mp4
63.2 MB
~Get Your Files Here !/7. Explain Factors to Consider While Forecasting.srt
7.5 KB
~Get Your Files Here !/8. Explain Steps of Forecasting.mp4
19 MB
~Get Your Files Here !/8. Explain Steps of Forecasting.srt
1.6 KB
~Get Your Files Here !/9. Explain Steps for Ratio-Trend Analysis.mp4
6.8 MB
~Get Your Files Here !/9. Explain Steps for Ratio-Trend Analysis.srt
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