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Introduction to Forecasting Methods and Inventory Models

Introduction to Forecasting Methods and Inventory Models

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3

Modules

15

Topics

4-5

hours

learn about calculations using exponential forecasting methods and basic inventory models in production.
Module 1
Causal Methods of Forecasting
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In this module, you will be introduced to using the exponential forecasting models to make calculations, as well as calculating seasonality using exponential forecasting methods. You will also be introduced to identifying forecast errors, and regression analysis.

Causal Methods of Forecasting - Learning Outcomes

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Working Example of Exponential Smoothing I

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Working Example of Exponential Smoothing II

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Working Example of Exponential Smoothing III

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Forecasting Errors

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Causal or Explanatory Methods

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Causal Methods of Forecasting - Lesson Summary

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Module 2
Various Variations of EOQ
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In this module, you will be introduced to the stock points in a production-distribution system, as well as take a look at some basic inventory models. You will also be introduced to the price-break model formula, safety stocks, and the ROP for constant demand and lead time.

Various Variations of EOQ - Learning Outcomes

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Inventory Planning and Control

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Basic Inventory Model

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Different Variations in Basic EOQ Model

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Safety Stock and Fixed Term Inventory Model

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Examples of Safety Stock Calculation

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Various Variations of EOQ - Lesson Summary

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course assessment: Introduction to Forecasting Methods and Inventory Models
Module 3
Course assessment
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Introduction to Forecasting Methods and Inventory Models - Course Assessment

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