Forecast production quantities

Determine the most adequate production levels of products according to forecasts and analysis of historic consuming trends.

forecasting production quantities
forecast production quantity
forecast quantities for production
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approximate production quantities
estimate production quantities

skill/competence

cross-sector

Forecast production quantities is essential to master the following skills:

Carry out work-related calculations

Forecast production quantities is an essential skill of the following occupations:

Forecast manager: Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.

Forecast production quantities is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Supply chain manager: Supply chain managers plan, manage and coordinate all activities related to the sourcing and procurement of supplies needed to run manufacturing operations from the acquisition of raw materials to the distribution of finished products. The supplies can be raw materials or finished products, and it can be for internal or external use. Moreover, they plan and commission all the activities needed to be performed in manufacturing plants and adjust operations to changing levels of demand for a company’s products.
Supply chain assistant: Supply chain assistants work closely together with managers in the operations processes, namely purchasing, manufacturing, and distribution processes. They help with administrative and pragmatic follow up of actions such as invoicing, drafting and preparation of contracts and purchasing orders, reconciliation of inventory against documents, and communication with distribution channels.

References

1. Forecast production quantities – ESCO