Advanced Demand Planning & Forecasting for Supply Chain Optimization

Introduction

In today’s rapidly evolving business landscape, demand planning and forecasting are critical for ensuring supply chain efficiency, inventory optimization, and business resilience. This comprehensive 5-day training course is designed to equip professionals with the strategies, tools, and methodologies needed to develop accurate demand forecasts, optimize inventory levels, and align supply chain operations with organizational objectives.

Participants will gain hands-on experience in quantitative forecasting techniques, statistical models, and demand-driven inventory management. The GLOMACS Advanced Demand Planning & Forecasting for Supply Chain Optimization training course also covers Sales and Operations Planning (S&OP) integration, ensuring that demand forecasting is aligned with broader business strategy.By the end of the training course, attendees will be able to enhance forecast accuracy, improve decision-making, and implement effective demand planning processes that drive supply chain excellence.

Key Takeaways

• Develop a comprehensive understanding of demand planning and forecasting methodologies.
• Learn to apply statistical models such as regression analysis and exponential smoothing in forecasting.
• Enhance inventory management strategies using accurate demand forecasts.
• Align demand planning with Sales and Operations Planning (S&OP) processes.
• Implement best practices for demand-driven supply chain optimization.

Objectives

• Understand the core principles of demand planning and forecasting.
• Utilize statistical tools and techniques to develop accurate demand forecasts.
• Optimize inventory levels to balance cost efficiency and service level requirements.
• Integrate demand planning into S&OP processes for better decision-making.
• Develop key performance indicators (KPIs) to measure demand planning effectiveness.

Training Methodology

• Instructor-led presentations covering theoretical and practical aspects.
• Real-world case studies illustrating successful demand planning strategies.
• Hands-on exercises applying forecasting models to practical scenarios.
• Group discussions to foster collaborative problem-solving.
• Knowledge assessments to reinforce learning and application.

Organisational Impact

• Improved forecast accuracy, leading to better supply chain efficiency.
• Enhanced inventory management, reducing excess stock and shortages.
• Greater alignment between demand planning and business objectives.
• Stronger decision-making capabilities based on data-driven forecasting.
• Cost savings through optimized supply chain operations.

Personal Impact

• Advanced skills in demand forecasting and statistical modeling.
• Greater confidence in demand planning and supply chain decision-making.
• Ability to apply forecasting techniques to improve operational performance.
• Enhanced career prospects in supply chain management and demand planning.
• Stronger understanding of industry best practices and emerging trends.