An Interactive 5-Day Training Course
Advanced Demand Planning &
Forecasting for Supply Chain Optimization
Classroom Sessions:
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.
WHO SHOULD ATTEND?
- Supply chain professionals responsible for demand planning and forecasting.
- Inventory managers seeking to improve stock control through accurate forecasts.
- Data analysts working with supply chain and logistics data.
- Operations managers aiming to enhance S&OP processes.
- Business professionals involved in strategic supply chain planning.
DAY 1
Fundamentals of Demand Planning and Forecasting
- Introduction to demand planning and its role in supply chain management.
- Key components of the demand planning process.
- Types of demand forecasting models and their applications.
- Challenges in demand variability and forecast accuracy.
- Overview of demand-driven supply chain strategies.
DAY 2
Statistical Techniques for Demand Forecasting
- Introduction to statistical forecasting methodologies.
- Regression analysis and its application in demand forecasting.
- Exponential smoothing and time-series forecasting techniques.
- Evaluating forecast accuracy and reliability.
- Application of quantitative forecasting methods to real-world data.
DAY 3
Inventory Management and Demand Forecasting
- The link between demand forecasting and inventory optimization.
- Demand-driven inventory replenishment strategies.
- Balancing stock levels to meet demand while minimizing costs.
- Forecasting techniques for supply chain risk management.
- Data-driven approaches to inventory decision-making.
DAY 4
Sales and Operations Planning (S&OP) Integration
- Understanding S&OP and its role in demand planning.
- Aligning demand planning with business strategy and operations.
- Using demand forecasts to drive production and distribution planning.
- Key performance indicators (KPIs) for measuring S&OP success.
- Best practices for implementing an effective S&OP process.
DAY 5
Advanced Demand Planning Strategies
- Exploring AI and machine learning applications in demand forecasting.
- Understanding external factors affecting demand planning (economic trends, market shifts, disruptions).
- Scenario planning and demand sensing for proactive forecasting.
- Strategies for continuous improvement in demand planning processes.
- Implementing a demand planning framework for long-term supply chain optimization.
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
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Tel: +971 (04) 425 0700
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GLOMACS Training & Consultancy
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