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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