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Demand Forecasting

Fee: ₱7,500.00

Course Description

Master the art of demand forecasting with this detailed course, focusing on predictive techniques and data-driven decision-making to optimize inventory and meet market demands efficiently.

Course Outline:
Day 1: Fundamentals of Demand Forecasting
  • Introduction to Forecasting Models

  • Factors Influencing Demand

  • Self-Paced Learning: Reading on basic forecasting methods

Day 2: Statistical Methods in Forecasting
  • Time Series Analysis

  • Regression Models

  • Live Online: Exercise on building a regression model

Day 3: Using Technology in Forecasting
  • The Role of AI and Machine Learning

  • Case Study: Integrating new technologies into traditional forecasting

  • Self-Paced Learning: Trends in technology-based forecasting

Day 4: Collaborative Forecasting Techniques
  • Sales and Operations Planning (S&OP)

  • Collaborative Planning, Forecasting, and Replenishment (CPFR)

  • Live Online: Role-play on collaborative forecasting sessions

Day 5: Mitigating Risks in Forecasting
  • Risk Management Strategies in Forecasting

  • Continuous Improvement and Feedback Loops

  • Live Online: Workshop on scenario planning for demand uncertainties

Objectives:
  • To understand various forecasting models and their applications.

  • To enhance skills in using statistical methods for accurate demand predictions.

  • To incorporate technology and data analytics in forecasting processes.

Who Should Attend:
  • Demand Planners

  • Supply Chain Managers

  • Inventory Managers

  • Business Analysts

Duration: 5 sessions, each 3 hours (online via Zoom)
Benefits:
  • Improve demand forecasting knowledge and skills.

  • Enhance data collection and analysis techniques.

  • Optimize forecasting system implementation.

  • Boost personal and professional growth in demand forecasting.

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