Management / Marketing Sales

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Fundamentals of Demand Planning and Forecasting

MS122

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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.

  • 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

Purchasing, Procurement, Inventory, Sales and Project personnel

  • 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
  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

Terms & Conditions

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