Optimizing Operations Using Demand Forecasting and Capacity Management

Optimizing Operations Using Demand Forecasting and Capacity Management

Being able to effectively forecast demand and manage capacity are two of the biggest contributing factors to an organization's profitability. This course explores how you can apply the principles of demand forecasting and capacity management to your business. You will learn the key characteristics of different demand patterns and discover basic strategies to help you manage your capacity more effectively.

Updated Mar 11, 2018
It's a fact that market trends are constantly changing. Failure to adapt to these changes may result in your organization losing its competitiveness – and, ultimately, customers. To take advantage of these shifting forces, businesses must implement an effective operations management strategy that matches market demands. In this course, you’ll learn about demand forecasting and capacity management, two techniques that can optimize your organization’s operations to handle market trends and meet the challenges of supply and demand. You'll also learn about demand patterns, a process for forecasting demand, and strategies for managing your organization's capacity.