Demand Forecasting Corporate On-Site Training
Demand Forecast Modeling and Metrics to improve your Supply Chain planning
presented by Mark Chockalingam, Ph. D., and/or Mark Lawless
- On-site hands-on Training workshop
- Includes complete materials and excel calculation templates for the participants
- You can have up to 15 attendees from supply chain, marketing, finance and Logistics
- Two days on-site with modeling illustration on forecasting software and case study
- Your investment is $7995 for the standard workshop delivered in the continental USA. Contact us for pricing a customized workshop to include your custom examples and case study.
Print a complete workshop brochure (in PDF format)
Topics Covered:
- Demand Planning Overview
- Mechanics of Forecast Modeling
- Forecast Performance Metrics
- Collaborative Demand Planning
- Promotional Planning
- Consensus Demand Plan
- Sales and Operations Planning Process
You Will Learn:
- Formulate accurate baseline models
- Set up a consensus demand planning process
- Leverage customer intelligence to increase the accuracy of your forecasts
- Measure and use forecast accuracy
- Forecast and plan for new products
- Reconcile top down forecasts and bottom up demand plan
- Leverage the Sales and Operations Planning process to improve the supply chain
- Reduce inventory costs and improve service levels
Detailed Outline of the Workshop:
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Demand Planning Overview
- Demand Planning Basics
- Mechanics of the Forecasting Process
- Organizational Structure
- Role of a Demand Planner
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Consensus Demand Plan
- Dollarizing the Demand Plan
- Category Forecasting & top-down Demand Plan
- Financial Plan and the “Gap” Process
- Reconciling the bottom up & the top down forecasts
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Mechanics of Forecast Modeling
- Forecast Modeling
- Time Series Methodology
- Baseline versus event forecasting
- Unconstrained vs. Constrained Demand Plan
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Forecast Performance Metrics
- Mean Absolute Percent Error
- Forecast Bias
- What do we learn from forecast error?
- Introduction to Exceptions Management
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- Collaborative Demand Planning
- Setting up a Consensus Process
- Gathering Promotional and event intelligence
- Evaluating promotional lifts
- Achieving consensus with Sales Group
- Customer Collaboration
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- Sales and Operations Planning Process
- Inventory and operations planning
- Safety stock and inventory coverage
- Constrained demand plan
- Reverse value chain feedback process
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- New Product Planning
- New product forecasting
- New products versus Line Extension
- Pipe line and replenishment Orders
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To schedule a customized on-site workshop, please contact
us.