DEMAND PLANNING & SALES FORECASTING BEST PRACTICES
This workshop is specifically designed to address key issues on the minds of those with management and executive responsibilities and those who work alongside them. Attendees will hear real world lessons learned that will enable better decision making when they are back in their office. The hands-on portions of the workshop offer more in depth look into forecasting and planning. Extra time is devoted to these segments of workshop to offer hands-on exercises designed to demonstrate the forecasting concepts and their applicability. The overview of Worst and Best Forecasting Practices is designed to demonstrate real life situations we have experienced firsthand when helping our clients to reach their objectives.
Hand-Outs:
• Simple Time Series • Regression Models • Forecast Value Add Analysis
• Seasonal Decomposition • Free MS Excel Template for Winters Model Forecasting
KEY BENEFITS:
• Develop and refine methods and processes to link forecasting to the growth of revenue
• Master the skill to ‘sell’ the demand planning to your organisation through higher inventory turns and higher customer service
• Leverage on the value of internal and external collaboration that leads to more accurate forecasts
• Enhance your knowledge of statistical concepts that are fully applicable to all forecasting software packages and systems
• Examine the strengths and weaknesses of different statistical methods used to forecast sales
• Learn the ways to incorporate the market intelligence into statistical forecasting
• Analyse the patterns in data and data cleansing concepts that lead to better base line forecasts
• Evaluate various forecasting approaches and their place in evolution of independent forecast to the One Number Demand Plan
• Through case studies, gain practical understanding of how the consensus process leads to solid bottom line results
• Interpret trends and apply them to future forecasts
• Learn how to measure forecast performance and how to link it to inventory management and customer service
• Acquire knowledge of how to setup the Exception Driven forecasting process that improves the utilisation of your resources
• Gain insight of forecasting best practices
TARGET GROUP:
CEOs, COOs, Executive Directors, Directors, SVPs, VPs, General Managers, Chief Procurement Officers, Head of Supply Chain, Analysts, Planners and Forecasters who are responsible for:
• Forecasting / Planning
• Demand Planning / Management
• Supply Chain Management
• Sales & Operations Planning
• Statistical Modelling
• Procurement / Purchasing
• Demand Supply
• New Product Forecasting
• Allocation and Planning
• Load Forecasting
• Production Planning
• Material Management
• Logistics
• Inventory Management
• Strategic Planning
• Brand & Product Management
Pre-Course Questionnaires
To ensure that the workshop delivered maximum benefit to you, a pre-course questionnaires will be sent to you prior to the event to ascertain your need. Our prominent trainer will analyze the completed form to warrant the course is customized according to your needs.