BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:238@x8ti.com DTSTART;TZID=Asia/Kuala_Lumpur:20260615T090000 DTEND;TZID=Asia/Kuala_Lumpur:20260619T130000 DTSTAMP:20260226T175206Z URL:https://x8ti.com/event/demand-management-4/ SUMMARY:Demand Management DESCRIPTION:Course Overview\nDemand planning is a cross-functional process of demand forecasting. It is the supply for products while minimizing exce ss inventory. It includes – avoiding supply chain disruptions so that th e products can be delivered to customers’ needs and demands. The ultimat e goal of demand management is to ensure availability of adequate inventor y to meet customer demand. And\, to do this without having an excessive su rplus. This leads to an increase in profitability\, increased customer sat isfaction\, and efficiency gains.\nWhat are the functions of demand manage ment?\nDemand management requires aligning with consumer trends\, historic al sales and seasonality data amongst other factors. It also looks at cons tantly changing circumstances that affect demand. Some of these factors ar e regulatory changes\, economic shifts\, labor force changes\, natural dis asters\, weather patterns\, or global crisis events. Therefore\, demand pl anning should be a continuous process that’s ingrained in your business. Ambitious organizations must effectively plan to meet it.\nWhat is the de mand management process today?\nMost businesses and functions are now goin g digital. And this is no different for supply chain and demand planning. Advances in machine learning within the supply chain are making it possibl e to avail forecasts in real-time\, allowing lean inventory holding\, and successfully meeting demand today.\n\nThis course will empower you with st rong fundamental concepts and understanding of Demand planning and its imp ortance in Supply Chain Management. By undertaking this course\, you will gain detailed information and knowledge about all aspects necessary.\n\nTh is course will give you a perspective on demand planning principles and su ccess drivers\, and describe the best practices that firms are using today . You will be able to identify the relevant business process\, tools\, and people capabilities that are critical to ensure an efficient and successf ul demand planning function.\n\nThis course will also endeavor the profess ionals to learn and understand how to use digital enterprise architectures . You will learn how implementing artificial intelligence and machine lear ning programs that can help optimize a lean\, data-driven approach. This w ill help you identify new ways to scale back costs in operations\, boost r evenues and offer a competitive edge.\nCourse Objectives\nThe objectives o f this course are to empower professionals and experts with:\n\n In-depth knowledge and understanding of Demand Planning and Demand Management\n T he required skill\, knowledge to accurately plan and forecast\n Knowledge of the right amount of inventory to meet customer demand\n Understanding on how to not incur shortages or waste money on making and storing surplu s inventory\n The required confidence and experience to partake in devisi ng an effective Inventory Management strategy\n The required awareness\, methods\, and approaches to choose the best-suited planning method\n Help the organization to gain maximum benefit\n An overview and an understand ing of the value chain in Inventory management\n A sense of pride in play ing an important part in increasing organizational profitability\n\nTraini ng Methodology\nThis collaborative Masterclass in Demand Management course will comprise the following training methods:\n\n Lectures\n Seminars & amp\; Presentations\n Group Discussions\n Assignments\n Case Studies &a mp\; Functional Exercises\n\nLike all our acclaimed courses\, this masterc lass follows the ‘Do-Review-Learn-Apply’ methodology.\nOrganizational Benefits\nThrough this course\, organizations will benefit as follows:\n\n An efficient demand forecasting system\, which will enable supply chain- related decisions\n Improved supplier relations and procurement terms whi ch will drive the costing and planning of raw material\n A better plannin g process which facilitates procurement to release timely purchase orders to suppliers.\n Better utilization of capacity and adequate allocation of resources\n Optimization of inventory levels and a reduced ‘Bullwhip ’ effect across the Supply Chain\n Improved and effective distribution planning and logistics\n Increase in customer service levels\n A better product lifecycle management\n\nPersonal Benefits\nThrough this course\, p rofessionals involved within the Demand Management process will benefit in the following ways:\n\n Increased understand and knowledge of all aspect s of Demand Management\n Greater skills and understanding to effectively manage international collaborations and communications to transfer informa tion to various departments\n Better skills and capabilities to perform s tatistical data analysis and data modeling.\n Increased potential to mana ge change in demand\, effectively with minimal-to-no impact on operations\ n Effective decision making and strategic skills to analyze data\, and to make the most effective\, best-suited decisions\n Better knowledge and s kills for managing Demand Management systems and software\, gain familiari ty with Enterprise Resource Planning (ERP) systems\, which will eventually be the source of data\n Enhanced perspective and foresight to effectivel y assess future risks so that they don’t negatively impact the organizat ion\n Increased knowledge and awareness on industrial best practices\n\nW ho Should Attend?\n\n Senior management of organizations who would like t o understand the importance of demand planning &\; management\n Supply Chain Managers Planning and Forecasting Managers\, Inventory Managers wis hing to reinforce their understanding on the subject\n Demand planners re sponsible for the Demand planning operations of the organization\n Suppli ers\, Supply Chain Professionals who need to get an overview and understan ding of the varied aspects of the Demand Management\n Purchasing\, Procur ement\, Inventory\, Sales and Project personnel\n Professionals who are i nvolved in the planning\, evaluation\, preparation\, and management of dem and\n\nCourse Outline\nThe course will cover the following areas that are critical to demand planning and management:\nDemand Management Overview\n\ n Overview of Demand Planning\n Definition of Demand\n Sources of Deman d\n Definition of Demand Management\n Customer of the Demand Plan\n Ben efits of Demand Planning\n The Bullwhip Effect\n Challenges in Demand Pl anning and management\n\nRole of the Demand Planning Organisation\n\n Dem and Planners – Role\, Responsibilities\, and Expectations\n Demand mana gement within Supply Chain\n Effective Demand Planning Process characteri stics and behaviors\n Integration with Planning &\; Control function\n Best Practices\, Examples\, and Principles\n\nDemand in the Supply Chain \n\n Understanding the Supply Chain\n Customer Segmentation\n Knowing t he Needs/Demand of the Customer\n Pareto Law in Identifying Product Class ification\n Location of Inventory\n\nFactors affecting demand\n\n Season ality\n Competition\n Types of goods\n Geography\n Economic Shifts\n Regulatory Changes\n Weather\n Natural Disaster\n\nDemand Management\n\n Understanding the Principles of Managing Demand\n Stock Turnover Rate\n Customer Service\n Cost of Operations\n Measuring the Effectiveness of your System\n How to use the Measurements\n\nThe “push” vs “pull ” philosophy\n\n Push Strategy\n Pull Strategy\n Hybrid System\n Adv antages and Disadvantages of Pull System\n\nDemand Planning\n\n Hierarchy of Planning\n Aggregate Planning\n Different Types of Demand Planning\n Data sources: Internal and external\n Maintenance &\; Inventory Plan ning\n Master Scheduling\n Sales and operations strategy\n\nApproaches t o demand Planning\n\n DDMRP\n S&\;OP\n IBP\n\nForecasting\n\n The f our pillars of Forecasting\n Principles of Forecasting\n Quantitative an d Qualitative Forecasting\n Probabilistic forecasting.\n Moving average demand\n Linear regression\n Seasonal trends\n Sales forecast\n Tracki ng Forecast Accuracy\n Determining Safety Stock\n\nProduct lifecycle mana gement (PLM) Overview\n\n Product definitions\n Product attributes to co nsider when planning\n VFQ for product management\n Product Lifecycle Pr oject Phases\n Product strategies that incorporate into Demand Planning\n \nPerformance Measurements\n\n How to Use Performance Measurements\n Mon thly Planning Cycle\n Demand Plan Accuracy Measurement\n When to Measure \n Planning Strategies\n Process Measurements\n Examples\n\n Inventory Management\n\n Introduction to Lean and 5S\n Periodic Stock Take\n Cyc le Counting\n Perpetual Recording\n Bar-codes to Manage Inventory\n RFI D for Inventory Movement\n Inventory Accounting\n\n Demand Planning Best Practices\n\n Get buy-in and demand accountability\n Have accurate inve ntory data\n Demand sensing / Assessing factors affecting demand\n Activ ely shaping demand with marketing\, promotion\, and pricing tools\n Due d iligence when choosing &\; implementing the right demand planning softw are\n Improvement Methodology and Mindset\n Addressing Critical Issues\n Case Studies and hands-on exercises\n\nThe Future of Demand Planning in the Supply Chain\n\n Current vs Future Trend\n Accurately predicting dem and trends\n Technological advancements\n Machine Learning and AI\n ERP Systems\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre en-Shot-2024-09-10-at-11.43.27-AM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:Kuala Lumpur Training Courses\, Banyan Tree Kuala Lumpur\, Kuala L umpur\, Malaysia\, Malaysia X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Banyan Tree Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia;X-APPLE-RADIUS=100;X-TITLE=Kuala Lumpur Training Courses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Kuala_Lumpur X-LIC-LOCATION:Asia/Kuala_Lumpur BEGIN:STANDARD DTSTART:20250615T090000 TZOFFSETFROM:+0800 TZOFFSETTO:+0800 TZNAME:+08 END:STANDARD END:VTIMEZONE END:VCALENDAR