Forecasting and demand management is a very important aspect of any business resulting in decisions for proper business management. Failing to use demand forecasting puts businesses at risk for making poor decisions about the market and products.Estimate future demand of products and services and make better decisions by opting for this certification.
Certified Forecasting and Demand Manager
Benefits
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Manage Forecasting and Demand Management to gain a competitive edge over fellow professionals.
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Strike a balance between having sufficient inventory levels to meet customer needs and lower inventory levels.
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Reduce risks and make efficient financial decisions
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Identify opportunities for expansion and overall spend
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Learn how to expand or contract future operations
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Accelerate your career and related remunerations
Target Audience
Participants must have basic knowledge of business management concept and process flows, especially in sales and distribution, production planning, demand planning and materials management domain.
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Practitioners
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Supervisors
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Managers
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Senior Executives
Program
The course is covered in 3 sessions. Let us have a look at what these sessions target at.
Session 1: Introduction to Planning
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Overview of Manufacturing, Planning &Control system (MPC)
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Production Strategies
Session 2: Demand Management
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Demand management basics
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Types of demand
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Factors Influencing demand
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Demand shaping & demandprioritisation
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Relationship between demand management and CRM
Session 3: Demand Forecasting
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Introduction to forecasting and how it fits into MPC System
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Qualitative forecasting techniques
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Extrinsic quantitative forecasting techniques
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Intrinsic forecasting techniques
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Other demand forecasting techniques
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Forecasting steps
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Forecasting for different levels of planning
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Forecast error, demand variability &model validity measurements
Study Material
- Handouts (PDF of slides),
- E-Learning access for 1 year.
Exam
- The exam will be concept based. 50 multiple choice questions are to be answered in one hour.
- There will be no penalty for giving wrong answers. Participant must score 75% or above to pass the exam.
- Exam has to be taken within 3 months of the training.
Awards
Certificate will be awarded to participants on clearing the examination.