Introduction to Forecasting Methods and Inventory Models

Name: Introduction to Forecasting Methods and Inventory Models
Availability: InStock

The free online course calculations using exponential forecasting methods and basic inventory models in production.

Published by

Saved For Later

Confident you have the skills to certify without completing the course content?

Learning Outcomes

Having completed this course, you should be able to:

Explain how to calculate forecasting errors
Discuss the concept and application of tracking signals
Explain causal methods and some examples of causal factors
Identify the various types of causal methods
Discuss the concept of regression analysis and developing the regression equation
Identify the reliability of forecasts
Explain stock points in a production-distribution system
Discuss the economic order quantity model
Identify the different variations in the basic EOQ model
Discuss the concept of production order quantities and production cycling
Explain the ROP for constant demand and lead time

Published by

Positive learner ratings

Learners Courses

Earn credentials that matter: Anyone can say they’re learning. A CPD-accredited Alison Certificate proves you followed through.
Get an edge over others: Add your Certificate to your CV, LinkedIn, and Alison Profile to strengthen job applications and promotion opportunities.
Show you’re serious about growth: A Certificate signals initiative, commitment, and a willingness to keep learning; qualities employers actively look for.