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Demand Management and Forecasting

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2020/2021 Written for academic year
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Operations Management
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Operations Management
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Demand Management and Forecasting presentation is about inputs needed, major decision, time horizon for forecasting, strategic role of forecasting, mean absolute deviation, bias, mean absolute percentage variation, simple moving average, weighed moving average, exponential smoothing and components of demand.

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MODULE 2



UNIT 3

, UNIT 3:



DEMAND MANAGEMENT AND
FORECASTING

,INPUTS NEEDED:
 Raw materials
 Human resources

 Buildings

 Machines

 Processes

 Energy

 Operating Supplies

, MAJOR DECISION
 What to buy
 When to buy

 How much to buy

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February 12, 2024
Number of pages
43
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2020/2021
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Subjects

  • inputs needed
  • major decision
  • mean absolute deviation
  • bias
  • simple moving
  • demand management and forecasting
  • time horizon for forecasting
  • strategic role of forecasting
  • mean absolute percentage variation

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