Management >> Marketing Sales
Fundamentals of Demand Planning and Forecasting
MS122
Location
Duration
Date
Fee inclusive of VAT
Course Overview
Demand Planning & Forecasting is both an art and a science. It requires informed judgment, business expertise, and technical skills. Done well, it can provide a true competitive edge and increased sales, while managing inventory and maintaining best-in-class customer service.
Course Objective
- What you need to know about demand planning & forecasting
- Why we need forecasts and what role do they play in the supply chain
- How to effectively create and launch an effective demand planning process
- The ingredients of an effective forecasting process why we need it
- Why is it important to have a consensus forecasting process in place
- Why is it important to have a single number forecast and plan
Who Should Attend?
Purchasing, Procurement, Inventory, Sales and Project personnel
Course Outline
- Customer Segmentation
- Knowing the Needs of the Customer
- Demand Planning
- Principles of Forecasting
- Effect of Lead Time on the Forecasting Process
- Inventory Accounting
- Demand Management
- Customer Service
- Cost of Operations
Training Methodology
- Presentation & Slides
- Audio Visual Aids
- Interactive Discussion
- Participatory Exercise
- Action Learning
- Class Activities
- Case Studies
- Workshops
- Simulation
Terms & Conditions
ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy
Upcoming Courses
The Art of Dealing with The Public Com
This art of dealing with the public communication skillstraining cour
Read moreReaching High Performance & Excellence
In this course we will define the major components of performance man
Read morePurchase System: Correspondence, Negot
Define the objectives and functions of materials management (purchasi
Read moreTeam Works & Cooperative Team Working
In This course is designed to enable participants Identify team stren
Read morePublic Relation Skills
This course will provide the analyze and assess the latest public rel
Read moreInterpersonal Communication Skills
in this we will increase assertive communication when your first atte
Read moreIntroduction To Contract Management
Recognize the main contractual provisions and appreciate their effect
Read more