CertificationView course modules
This course begins by showing learners how operations management decisions are based on forecasting, and how these decisions serve as the basis for developing worker schedules and tactical planning.
The course will introduce the linear programming technique and the Transportation Model, which can be used to obtain aggregate plans to minimize costs. Line balancing is used to reduce idle time and bottlenecks within a process. Line balancing is investigated in detail as is the terminology associated with it, such as tasks, task precedence, task times and cycle time.
You will learn about heuristics for solving problems in lean production, such as the longest path and the shortest processing time in the network. You will also learn about quantitative methods like the p-median model, which is used to recreate many real-world situations, such as the location of industrial or public facilities. Many models are available to determine how much inventory should be restocked, be it products or parts.
You will be introduced to inventory models such as the multi-period inventory model, the economic order quantity (EOQ) model and the single period inventory model. These models are explored in detail using worked examples.
This course will be of great interest to all learners who have completed the Diploma in Operations Management course as it investigates practical applications of this area. It will also be of great interest to all professionals working in the area of operations management or learners who are interested in operations management as a future career.Start Course Now
Having completed this course you will be able to:
- Describe the time series forecasting
- Explain simple forecasting models for time series data
- Describe aggregate planning methodologies
- Describe the Tabular method, Linear Programming method and the Transportation model
- Describe the line balancing problem
- Describe qualitative factors in determining the location of facilities
- Describe the basics of inventory management
- Describe different types of inventory models
All Alison courses are free to enrol, study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive to you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certification for completed Diploma courses:
Digital Diploma - a downloadable Diploma in PDF format, immediately available to you when you complete your purchase
Diploma - a physical version of your officially branded and security-marked Diploma that is posted to you (with FREE standard shipping worldwide)
Framed Diploma - a physical version of your officially branded and security-marked Diploma in a stylish frame that is posted to you (with FREE standard shipping worldwide)
All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.