Introduction to Operations Management and Forecasting
The free online course on the role of production and operations management as well as exponential smoothing methods.Publisher: NPTEL
CertificationView course modules
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.Start Course Now
Introduction to Operations Management
Introduction to Operations Management - Learning Outcomes
Introduction to Production
Operations and Productivity
Types and Characteristics of Manufacturing Systems
Types and Characteristics of Services Systems
Introduction to Operations Management - Lesson Summary
Introduction to Forecasting
Introduction to Forecasting - Learning Outcomes
Introduction to Forecasting
Time Series Forecasting
Exponential Briefing I
Exponential Briefing II
Introduction to Forecasting - Lesson Summary
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.
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