Course Level 2: Intermediate
Estimated Study Time: 2-3 hours
This course will show you why virtually all operations management decisions are based on a forecast of the future.
Forecasts drive strategic operations decisions, such as choice of competitive priorities, changes in processes, and large technology purchases. Forecast decisions also serve as the basis for tactical planning and developing worker schedules. The course begins by introducing forecasting and describes why it is critical to the management of all functional areas within an organization. For example, marketing relies on forecasting to predict demand and future sales, and human resources forecasts future hiring requirements.
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