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

Management >> Marketing Sales

Fundamentals of Demand Planning and Forecasting

MS122