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OPERATIONS MANAGEMENT
TOPIC OUTLINE
CONCEPTS AND APPLICATIONS
This outline details the concepts and applications coved in all five of the APICS Principles of Operations
Management courses. Professionals interested in Principles will find this is a helpful reference and may
use it to identify the course details and topics for each of the five Principles courses. If you have any
questions, please contact APICS Customer Service at service@apics.org.
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Session 3: Forecasting
Define the forecasting function
Review of the three levels of forecasting
Define demand
Explore the universal principles of forecast management
Understand forecast design and parameter issues
Detail the forecasting process
Detail the benefits of forecast accuracy
Describe the general forecasting techniques and data sources
Review qualitative, quantitative, and causal forecasting techniques
Discuss why forecasts fail
Advanced Topics
-- Selection of forecasting models
-- Pyramid forecasting
-- Deseasonalized forecast
-- Forecast trend with exponential smoothing (Holts model)
-- Forecast trend extrapolation
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