Course details

Optimizing Operations Using Demand Forecasting and Capacity Management

Optimizing Operations Using Demand Forecasting and Capacity Management


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level



Overview/Description
It's a fact that market trends are constantly changing. Failure to adapt to these changes may result in your organization losing its competitiveness – and, ultimately, customers. To take advantage of these shifting forces, businesses must implement an effective operations management strategy that matches market demands. In this course, you’ll learn about demand forecasting and capacity management, two techniques that can optimize your organization’s operations to handle market trends and meet the challenges of supply and demand. You'll also learn about demand patterns, a process for forecasting demand, and strategies for managing your organization's capacity.

Target Audience
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

Prerequisites
None

Expected Duration (hours)
0.5

Lesson Objectives

Optimizing Operations Using Demand Forecasting and Capacity Management

  • match customer demand trends with the patterns that illustrate them
  • identify the major demand forecasting variables
  • sequence the stages in the demand forecasting process
  • match specific demand forecasting methods to the appropriate model category
  • recognize the characteristics of level, or fixed, strategies for managing capacity
  • match appropriate descriptions to each chase demand strategy approach
  • recognize statements that describe organizations that use the demand management strategy
  • recognize ways to forecast demand and strategies for managing capacity
  • Course Number:
    oper_45_a05_bs_enus

    Expertise Level
    Everyone