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

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