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
Project Management Professional - PMP
Preparation for Project Management Professional (PMP) Certification
Read moreAccounting for Non-Accountants
In today's data-driven business world, professionals across all f
Read moreContract Management From Principles To
This intermediate-level course is tailored for professionals involved
Read moreStrategic Purchasing Management, Cost
The Link of the Purchasing Function with the Organization's Strat
Read moreWarehouse Operations and Management
In this course we will provide the participants how to plan and contr
Read moreProject Management Professional - PMP
Preparation for Project Management Professional (PMP) Certification
Read moreBudgeting, Costing & Decision Making
All business decision-making involves analyzing situations containing
Read moreInternational Financial Reporting (IFR
International Financial Reporting (IFRS) is now the global benchmark
Read more