Demand and Forecasting in Factory Operations

Catalog description

Provides factory technicians and managers with a comprehensive understanding of demand and cost modeling in manufacturing operations. Through real-world case studies, interactive workshops and hands-on modeling exercises, participants learn how to forecast demand, manage inventory, allocate resources and optimize production costs. Emphasizes practical approaches to managing variability, improving operational efficiency and making data-driven decisions in a factory environment. Focuses on the application of mathematical, statistical and economic models to address key challenges faced in factory operations.