Forecasting Demand and Demand Planning Course Overview

Minimum Required Prerequisites for Forecasting Demand and Demand Planning Course

To ensure a successful learning experience in the Forecasting Demand and Demand Planning course, prospective students are expected to have the following foundational knowledge:

• Basic understanding of supply chain management principles.
• Familiarity with fundamental statistical concepts.
• Proficiency in using Microsoft Excel or similar spreadsheet software.
• Experience in data analysis and interpretation.
• Knowledge of business operations and decision-making processes.

These prerequisites help ensure that our students can fully grasp the course content and apply the skills learned effectively in real-world scenarios.

Target Audience for Forecasting Demand and Demand Planning

Introduction: The Forecasting Demand and Demand Planning course equips professionals with skills in demand forecasting, planning, S&OP, and data management, crucial for decision-making and operational efficiency.

Target Audience and Relevant Job Roles:

• Demand Planners
• Supply Chain Managers
• Inventory Managers
• Sales and Operations Planning (S&OP) Managers
• Business Analysts
• Data Analysts
• Operations Managers
• Forecasting Analysts
• Logistics Managers
• Procurement Managers
• Production Planners
• Financial Analysts
• Retail Managers
• Category Managers
• Merchandise Planners
• Supply Chain Analysts
• Commercial Planners
• New Product Development Managers
• Strategic Planners
• Marketing Analysts
• Production Supervisors
• Business Intelligence Professionals
• Data Scientists specializing in retail or supply chain
• Supply Chain Consultants
• Operations Research Analysts

Learning Objectives - What you will Learn in this Forecasting Demand and Demand Planning?

Course Introduction:

The Forecasting Demand and Demand Planning course by Koenig Solutions offers comprehensive insights into effective demand planning, forecasting, and sales & operations planning (S&OP). It covers key aspects from data management and time series modeling to new product forecasting and stakeholder communication.

Learning Objectives and Outcomes:

• Understand the Role of Forecasting & Planning in Decision Making:

  • Grasp how demand forecasting and planning influence business decisions and performance.

• Implement Demand Planning Techniques:

  • Learn about demand sensing, shaping, and creating to improve demand planning accuracy.

• Master Forecasting & Planning Processes:

  • Study the various steps involved in effective forecasting and planning for reliable outcomes.

• Utilize Consumption (POS Data) Based Forecasting & Planning:

  • Apply POS data in forecasting to enhance forecast precision and operational efficiency.

• Perform Consensus Forecasting & Planning:

  • Engage in processes that incorporate multiple stakeholder inputs for more accurate forecasts.

• Apply Sales & Operations Planning (S&OP):

  • Understand and utilize the S&OP process to align demand and supply plans with business strategy.

• **Engage in Collaborative Planning, Forecasting, & Replenishment (CPFR):