Operations Management and Forecasting | Free Online Course | Alison
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Introduction to Operations Management and Forecasting

The free online course on the role of production and operations management as well as exponential smoothing methods.

Leadership and Management
Free Course
This free online introduction to operations management and forecasting course will teach you about the role of production and operations management, and the role of productivity. The course will also teach you about different product strategies. You will also learn about the phases involved in the product design development process, as well as the concept of time series forecasting, and the classifications of exponential smoothing methods.
  • Duration

    4-5 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    NPTEL

Description

Modules

Outcome

Certification

View course modules

Description

In this course, you will learn about the role of production and operations management in an organization, as well as the importance of these management processes. The different sources of wealth creation and the role of productivity in operations management will also be covered in this course. Then, the course will teach you about the three types of labour, the concepts of capital and management, as well as different product strategies used in production.

This course will also teach you about the different phases involved in the product design development process. In this course, you will also gain an understanding of the time span for various forecasting methods, as well as the concept of time series forecasting. Lastly, this course will teach you about the various ways to carry out exponential smoothing methods and look at the various classifications of exponential smoothing methods.

This course is helpful for learners who want to understand the requirements in product design development processes and the need for productivity in operations management. The course is also helpful when you want to learn about the use of time series forecasting as well as how this forecasting method is applicable in production and operations management. Begin this course now to learn about the use of exponential smoothing methods in production.

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Learning Outcomes

Having completed this course, you should be able to:


  • Discuss the concept of manufacturing and sources of wealth creation.
  • Explain various global shift and factor cost deflation.
  • Discuss the heritage of operations management.
  • Identify factors of scientific management and how to improve productivity.
  • Identify various product strategies and productive system types.
  • Explain the various classifications of services systems.
  • Identify the typical phases of product design development.
  • Discuss the basic categories of forecasting.
  • Explain the concept of time series forecasting and various forecasting models.
  • Explain how exponential smoothing methods work and when to use exponential smoothing.
  • Identify the classification of exponential smoothing models.

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate 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 for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.

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