Certificate in Demand Planning: Accurate Forecasts
-- ViewingNowThe Certificate in Demand Planning: Accurate Forecasts course is a comprehensive program designed to equip learners with the essential skills required for successful demand planning and forecasting. In today's dynamic business environment, demand planning plays a critical role in optimizing inventory levels, reducing costs, and improving customer satisfaction.
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โข Introduction to Demand Planning: Understanding the basics, importance, and benefits of demand planning.
โข Forecasting Techniques: Historical data analysis, quantitative and qualitative methods, causal forecasting, and judgmental forecasting.
โข Demand Planning Software: Overview and selection criteria for demand planning software tools.
โข Collaborative Planning, Forecasting, and Replenishment (CPFR): Building relationships with supply chain partners to improve forecast accuracy.
โข Demand Planning Processes: Sales & Operations Planning (S&OP), Integrated Business Planning (IBP), and Demand Management.
โข Inventory Management: Safety stock, reorder point, and economic order quantity concepts.
โข Performance Metrics: Common demand planning and forecast accuracy metrics, such as MAPE, MSE, and WMAPE.
โข Demand Planning Best Practices: Implementing effective strategies for improving forecast accuracy and reducing bias.
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