Conduct demand forecasting and develop supply and capacity plans to meet demand

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US No.  336713
NQF Level  06
Credits  8

Purpose:

This Unit Standard will enable learners to conduct demand forecasting and to develop supply and capacity plans to meet demand.

A learner credited with this Unit Standard will be able to:

  • Analyse the concept of demand.
  • Measure production capacity and forecast capacity demand.
  • Develop supply and capacity plans.
  • Analyse the key elements of forecasting.
  • Conduct demand forecasting.
  • Evaluate and control forecasts.

Range: 

  • The applied competence expressed in this standard covers the knowledge and understanding of:
  • The sources of demand and the impact of changing demand on the Supply Chain.
  • Various capacity planning techniques and models.
  • Practical ways of forecasting capacity demand.
  • A range of strategies to change capacity to meet the forecasted demand.
  • The fundamental principles of forecasting.
  • The need for effective forecasting.
  • A range of quantitative and qualitative forecasting techniques.

Outcomes:

  1. Analyse the concept of demand.
  2. Measure production capacity and forecast capacity demand.
  3. Develop supply and capacity plans.
  4. Analyse the key elements of forecasting.
  5. Conduct demand forecasting.
  6. Evaluate and control forecasts.

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