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Manufacturers of magnetic stripe identification products and systems.www.business.com/operations/magnetic-stripe/
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Statistical forecasting in operations management uses a company’s past data to predict future trends and identify areas that can be improved. This type of forecast is referred to as a statistical forecast because mathematical formulas are used to pinpoint patterns while testing the results for mathematical probability. Read More »
The ability to accurately predict upcoming trends as well as the probability for business error are invaluable assets in today's fast-paced marketplace. If you are interested in learning statistical methods for forecasting so that you can become a CPF (Certified Professional Forecaster), ACPF (Advanced Certified Professional Forecaster) or a CFP (Certified Financial Planner)there are classes, seminars and even software programs available to help you receive the education and training you need. Read More »
Operations management is a big job. When you have a big job to do, it is recommended you use the most powerful tools you can get. For the job of statistical forecasting in operations management, there are several tools that should work together to achieve maximum results.
One of the best tools, of course, is the operations staff. The people who work in the operations aspect of your business know your business ups and downs better than anyone. Providing them with the tools to make even better decisions is also a good idea. Purchasing a software program to help your operations management team forecast could increase your productivity and profit margins considerably.
You may want to consider purchasing software only after you have been able to implement it for a time on a trial basis to make sure it will give you the information you need. Another option is to purchase software programs that have a money back guarantee in place.
To find options for statistical forecasting in operations management, please feel free to visit any of the resourced provided by Business.com, which you will find on the left side of this page. Business.com is dedicated to providing you with the tools and resources you need for success in every aspect of your business.