Fundamentals of Demand Planning

models and techniques to ensure an accurate forecast

Fundamentals of Demand Planning

Inventory can be one of the most expensive assets of an organization and may account for more than 10% of total revenues, or 20% of total assets. An understanding of the forecasting process is a necessity for any executive involved in the demand planning, where accurate forecasts are critical to achieving supply chain success. This course demonstrates how effective demand management contributes to sales revenue growth, and also describes in detail the models and techniques that can be followed to ensure an accurate forecast.

Course Structure

  • This course duration is 2 full days
  • This course is presented in the form of a power point presentation.
  • The course includes a Q&A session and some evaluation quizzes.

Who Should Attend

This course is tailored for executives with responsibilities in the manufacturing, retail, distribution and services industries. That includes Demand Planning/Management, Inventory Management, Supply Chain Management, Logistics & Operations, Sales & Marketing, Supply Planning/Management, Manufacturing as well as Scheduling & Planning.

What You Will Learn

  • A fundamental understanding of demand management
  • A fundamental understanding of the forecasting process
  • An understanding of the significance of various statistical models and techniques used to prepare accurate demand forecasts
  • The ability to apply simple tools and methods to produce more accurate and reliable demand plans
  • The ability to increase communication and integration of planning teams

Download Course Syllabus
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