Ch 5: Forecast & Demand Planning

About This Chapter

In this chapter, our subject experts have developed lessons covering what you need to know about forecast and demand planning. We include a feature that allows you to contact an expert if you have questions about a lesson.

Forecast & Demand Planning - Chapter Summary and Learning Objectives

Much of the organization is involved in some way when it comes to delivering a product or service to the customer. The information contained in these lessons teaches you how to accurately forecast and plan for the needed amount of production. Lessons are short and direct, and quizzes at the end of each verify that you got it. This chapter will teach you:

  • How to use statistics in forecasting
  • A workable alternative to examining historical data for forecasting
  • What to do when it looks like you won't be able to keep up with orders

Lesson Objective
Quantity Demanded: Definition & Factors Identify the three factors that determine product quantity demanded.
Understanding Aggregate Supply & Demand Learn about aggregate supply and aggregate demand.
Demand Forecasting Techniques: Moving Average & Exponential Smoothing Get familiar with statistical modeling for demand forecasting.
Using Qualitative Data for Demand Forecasting See how demand forecasting can be done using surveys, patterns and other qualitative methods.
Alternatives for Managing Demand Take a look at your options for unplanned increases in demand.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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