Certificate in Demand Planning: Accurate Forecasts

Name: Certificate in Demand Planning: Accurate Forecasts
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The 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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AboutThisCourse

This course is of utmost importance for professionals working in supply chain management, logistics, procurement, and inventory management. It provides a deep understanding of demand planning principles, statistical forecasting techniques, and collaborative demand management strategies. Learners will gain hands-on experience in using advanced forecasting tools and techniques to generate accurate and reliable demand forecasts. By completing this course, learners will be able to make informed decisions, reduce forecast errors, and drive business growth. This certification will not only enhance their current skillset but also provide a competitive edge, leading to career advancement opportunities in various industries.

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CourseDetails

• Introduction to Demand Planning: Understanding the basics, importance, and benefits of demand planning.
• Forecasting Techniques: Historical data analysis, quantitative and qualitative methods, causal forecasting, and judgmental forecasting.
• Demand Planning Software: Overview and selection criteria for demand planning software tools.
• Collaborative Planning, Forecasting, and Replenishment (CPFR): Building relationships with supply chain partners to improve forecast accuracy.
• Demand Planning Processes: Sales & Operations Planning (S&OP), Integrated Business Planning (IBP), and Demand Management.
• Inventory Management: Safety stock, reorder point, and economic order quantity concepts.
• Performance Metrics: Common demand planning and forecast accuracy metrics, such as MAPE, MSE, and WMAPE.
• Demand Planning Best Practices: Implementing effective strategies for improving forecast accuracy and reducing bias.

CareerPath

The Certificate in Demand Planning program prepares professionals for various roles in the industry, including Demand Planners, Supply Chain Planners, Inventory Analysts, and Sales & Operations Planners. This 3D pie chart highlights the job market trends in the UK for these roles. Demand Planners take up the largest share of the market (50%), emphasizing the need for professionals skilled in forecasting and managing product demand. Supply Chain Planners hold the second-largest part (30%), reflecting the vital role they play in coordinating supply chain activities to meet customer demands. Inventory Analysts and Sales & Operations Planners share the remaining percentage, highlighting the demand for professionals who can analyze inventory levels and optimize operations. These roles are essential for businesses seeking to maintain a competitive edge, ensuring accurate forecasts and inventory management. The Certificate in Demand Planning program equips professionals with the skills and knowledge to succeed in these roles.

EntryRequirements

BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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CERTIFICATE IN DEMAND PLANNING: ACCURATE FORECASTS

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London College of Foreign Trade (LCFT)

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05 May 2025

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