Operations Management Forecasting Chapter 4 Power Point presentation

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Operations Management Forecasting Chapter 4 Power. Point presentation to accompany Heizer/Render – Principles of

Operations Management Forecasting Chapter 4 Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e 4 -1 © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458

Outline ¨ GLOBAL COMPANY PROFILE: TUPPERWARE CORPORATION ¨ WHAT IS FORECASTING? ¨ Forecasting Time

Outline ¨ GLOBAL COMPANY PROFILE: TUPPERWARE CORPORATION ¨ WHAT IS FORECASTING? ¨ Forecasting Time Horizons ¨ The Influence of Product Life Cycle ¨ TYPES OF FORECASTS ¨ THE STRATEGIC IMPORTANCE OF FORECASTING ¨ Human Resources ¨ Capacity ¨ Supply-Chain Management ¨ SEVEN STEPS IN THE FORECASTING SYSTEM 4 -2 Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458

Outline - Continued ¨ FORECASTING APPROACHES ¨ Overview of Qualitative Methods of Quantitative Methods

Outline - Continued ¨ FORECASTING APPROACHES ¨ Overview of Qualitative Methods of Quantitative Methods ¨ TIME-SERIES FORECASTING ¨ Decomposition of Time Series ¨ Naïve Approach ¨ Moving Averages ¨ Exponential Smoothing with Trend Adjustment ¨ Trend Projections ¨ Seasonal Variations in Data ¨ Cyclic Variations in Data Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e 4 -3 © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458

Outline - Continued ¨ ASSOCIATIVE FORECASTING METHODS: REGRESSION AND CORRELATION ANALYSIS ¨ Using Regression

Outline - Continued ¨ ASSOCIATIVE FORECASTING METHODS: REGRESSION AND CORRELATION ANALYSIS ¨ Using Regression Analysis to Forecast ¨ Standard Error of the Estimate ¨ Correlation Coefficients for Regression Lines ¨ Multiple-Regression Analysis ¨ MONITORING AND CONTROLLING FORECASTS ¨ Adaptive Smoothing ¨ Focus Forecasting Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e 4 -4 © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458 ¨ FORECASTING IN THE SERVICE

Learning Objectives When you complete this chapter, you should be able to : Identify

Learning Objectives When you complete this chapter, you should be able to : Identify or Define: ¨ Forecasting ¨ Types of forecasts ¨ Time horizons ¨ Approaches to forecasts Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e 4 -5 © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458

Learning Objectives continued When you complete this chapter, you should be able to :

Learning Objectives continued When you complete this chapter, you should be able to : Describe or Explain: ¨ Moving averages ¨ Exponential smoothing ¨ Trend projections ¨ Regression and correlation analysis ¨ Measures of forecast accuracy Power. Point presentation to accompany Heizer/Render – Principles of Operations Management, 5 e, and Operations Management, 7 e 4 -6 © 2004 by Prentice Hall, Inc. , Upper Saddle River, N. J. 07458

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Operations Management Chapter 4 Forecasting Power Point presentationOperations Management Chapter 4 Forecasting Power Point presentation
Operations Management Forecasting Chapter 4 Power Point presentationOperations Management Forecasting Chapter 4 Power Point presentation
Operations Management Chapter 4 Forecasting Power Point presentationOperations Management Chapter 4 Forecasting Power Point presentation