Introduction to Forecasting Methods and Inventory Models

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Modules

Topics

4-5

hours

learn about calculations using exponential forecasting methods and basic inventory models in production.
Module 1
Causal Methods of Forecasting
Resources available

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

Start Topic

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

Start Topic

Causal Methods of Forecasting - Lesson Summary

Start Topic
Module 2
Various Variations of EOQ
Resources available

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

Start Topic

Inventory Planning and Control

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Basic Inventory Model

Start Topic

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

Start Topic
course assessment: Introduction to Forecasting Methods and Inventory Models
Module 3
Course assessment
Resources available

Introduction to Forecasting Methods and Inventory Models - Course Assessment

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Introduction to Forecasting Methods and Inventory Models

learn about calculations using exponential forecasting methods and basic inventory models in production.

Causal Methods of Forecasting

Causal Methods of Forecasting - Learning Outcomes

Working Example of Exponential Smoothing I

Working Example of Exponential Smoothing II

Working Example of Exponential Smoothing III

Forecasting Errors

Causal or Explanatory Methods

Causal Methods of Forecasting - Lesson Summary

Various Variations of EOQ

Various Variations of EOQ - Learning Outcomes

Inventory Planning and Control

Basic Inventory Model

Different Variations in Basic EOQ Model

Safety Stock and Fixed Term Inventory Model

Examples of Safety Stock Calculation

Various Variations of EOQ - Lesson Summary

course assessment: Introduction to Forecasting Methods and Inventory Models

Course assessment

Introduction to Forecasting Methods and Inventory Models - Course Assessment