BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:810@x8ti.com DTSTART;TZID=Africa/Casablanca:20260921T090000 DTEND;TZID=Africa/Casablanca:20260925T130000 DTSTAMP:20260227T091856Z URL:https://x8ti.com/event/demand-planning-and-forecasting-4/ SUMMARY:Demand Planning and Forecasting DESCRIPTION:Course Overview\nWhat is Demand Planning and Forecasting analys is? Demand forecasting refers to analysis to predict the future demand of an organization’s product. In other words\, demand forecasting involves a series of steps to calculate or estimate the demand of a product in futu re\, after considering controllable and uncontrollable factors\, in order to direct and plan manufacturing and other related processes.\n\nDemand fo recasting is gaining importance considering the rise in competition and co ntinuously changing market dynamics. Demand Planning and Forecasting analy sis is extremely useful to track sales\, full fill objectives\, devise str ategies and undertake to budget\, control costs\, stabilize employment and track overall performance. It has thus become imperative for an organisat ion to focus on demand forecasting and analysis to be able to effectively meet customer demands.\n\nThis training course will empower you with detai led knowledge and understanding of all important aspects of demand forecas ting and analysis. Through this course\, you will gain the confidence and necessary skill set to contribute to one of the most important aspects of your organisation—demand forecasting and analysis.\n\nThe knowledge gain ed through this Demand Planning and Forecasting course is not restricted t o one organisation or industry\, and thus\, you will be able to apply the concepts learned here in any role that you may undertake in future.\nCours e Objectives\nThe main objective of this Demand Planning and Forecasting p rogram is to empower professionals with—\n\n adequate knowledge and und erstanding of best practices and advanced concepts of demand forecasting a nd analysis\n the required knowledge of advanced techniques and methods t o estimate demand\, in turn delivering the closest and most accurate estim ates of future demand\n an enhanced skill set and capabilities to calcula te demand\, pre-empt challenges and set systems to secure the organisation against potential losses\n the confidence and knowledge to train profess ionals on best practices of demand forecasting and analysis\n the capabil ities and skillset to contribute to organizational stability\, credibility and growth by securing the organisation against future risks and challeng es\n the ability and potential to contribute to customer satisfaction thr ough the availability of raw materials and goods for timely delivery of hi gh-quality goods to customers\n the knowledge and confidence to apply tec hnology and automate demand forecasting to ensure timely changes in supply and manufacturing\n the knowledge\, confidence and experience to track o rganizational performance and make changes as per the required market dema nd\n the ability and knowledge to devise essential policies and protocols to help achieve business objectives and gain a competitive advantage in t he market\n\nTraining Methodology\nTraining courses are designed keeping i n mind a relevant audience. Still\, before each training course\, the cont ent is closely reviewed and changes are made\, if necessary\, to suit the relevant audience. Lectures are conducted by trained\, experienced profess ionals from relevant domains.\n\nTo encourage trainee participation\, the trainer assigns group projects and tasks. Role-plays and case study discus sions encourage trainees to interact with each other. Experiential learnin g is also highly promoted.\n\nThe above unique and effective approach to t raining has been devised by Zoe Talent Solutions and is called the Do–Re view–Learn–Apply Model.\nOrganizational Benefits\nWith professionals u ndertaking this Demand Planning and Forecasting Course\, their organizatio ns will derive the following benefits:\n\n Experienced\, trained professi onals to conduct demand forecasting and analysis for the organisation\n A regular supply of raw materials and goods to meet changing demands and to keep stock for future demand\n More informed processes and systems to ha ndle risks and overcome future challenges that could impact manufacturing and supply of goods to customers\n Regular\, free training of professiona ls working to supply goods to customers in time\n Controlled pricing and reduced expenses because of waste reduction and controlled production\n C ompetitive advantage because of planned procurement and manufacturing as p er current and future market demands\, despite controllable and uncontroll able challenges\n Automation of demand forecasting and analysis to ensure continuous tracking of organisation performance and sourcing according to customer demand\n Organizational growth and increased client satisfactio n because of on-time delivery of high-quality goods to customers\n Contro l over finances and sales to make provisions for periods of a lull in the business\n\nPersonal Benefits\nProfessionals enrolling for this Demand Pla nning and Forecasting Course will benefit as follows:\n\n Detailed knowle dge and understanding of demand forecasting and analysis\n Enhanced persp ective\, thought process and strategic skills to forecasts demand consider ing challenges and hindrances\, thus providing organizational stability\n Increased ability and skill to predict challenges and mitigate these to p revent impact to delivery of goods to customers\n Greater ability and und erstanding to contribute to organizational growth and development through controlled costs and increased client satisfaction\n Increased confidence and knowledge to train other professionals on various techniques and meth ods of demand forecasting and analysis\n Increased analytical skills to t rack sales and control finances to avoid losses to the business\n Greater knowledge and understanding to devise and deploy objective and automated means to track organizational performance to make critical changes in time \n Increased skillset and capabilities to create policies and devise proc esses to streamline demand forecasting and analysis and align these to oth er resulting processes and systems of the organization\n\nWho Should Atten d?\n\n Employees\, managers and strategists responsible for conducting de mand forecasting and analysis in the organisation\n Vendors and suppliers who need to prepare for periods of low or high demand\n Top management a nd senior members of the organization responsible for driving supply and d emand and related activities within an organization\n Finance advisors an d members of the accounts teams who need to understand demand forecasting and analysis for effective costing and budgeting\n Potential investors wh o need to understand market dynamics and prospects to make calculated\, ef fective investment decisions\n Policymakers responsible for creating vari ous policies around market demand and internal manufacturing and supply pr ocesses within the organization\n Any other professional interested in un derstanding demand forecasting and analysis\n\nCourse Outline\nThe Demand Planning and Forecasting Course covers the following areas important to un derstanding demand forecasting and analysis:\nObjectives of Demand Forecas ting\n\n Formulating production policy\n Formulating price policy\n Con trolling sales\n Arranging finance\n Deciding the production capacity\n Planning long-term activities\n\nTypes of Demand Forecasting\n\n Passive demand forecasting\n Active demand forecasting\n Short-term demand fore casting\n Medium- to long-term demand forecasting\n External macro-level demand forecasting\n Internal business level demand forecasting\n\nFacto rs Influencing Demand Forecasting\n\n Types of goods\n Competition level \n Price of goods\n Level of technology\n Economic viewpoint\n Time pe riod forecasts\n\nSteps in Demand Forecasting\n\n Setting the objective\n Determining the time period\n Selecting a method for demand forecasting \n Collecting data\n Estimating results\n\nMethods of Demand Forecasting \n\n Experts’ opinion poll\n Delphi method\n Market experiment method \n Trend projection method\n\n Graphical method\n Fitting trend method\ n Box–Jenkins method\n\n\n Regression methods\n Index number\n\nChara cteristics of A Good Demand Forecasting Method\n\n Accuracy\n Longevity\ n Flexibility\n Acceptability and simplicity\n Availability\n Plausibi lity and possibility\n Economy\n Yielding quick results\n Maintenance o f timelines\n\nAdvantages of Demand Forecasting\n\n Fulfilling objectives \n Tracking sales\n Strategy and budgeting\n Controlling costs\n Stabi lizing employment and production\n Tracking overall performance\n\nDemand Forecasting Challenges\n\n Accurate monitoring of stock levels\n Availa bility of historic sales forecasting data\n Calculating correct supplier lead-times\n New product introductions\n Decentralised stock control\n\n  \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/12/Scre en-Shot-2024-12-03-at-1.22.55-PM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:Casablanca Training Courses\, Four Seasons Hotel Casablanca\, Casa blanca\, Morrocco\, Morocco X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Four Seasons Hotel Casablan ca\, Casablanca\, Morrocco\, Morocco;X-APPLE-RADIUS=100;X-TITLE=Casablanca Training Courses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Africa/Casablanca X-LIC-LOCATION:Africa/Casablanca BEGIN:STANDARD DTSTART:20260322T030000 TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:+01 END:STANDARD END:VTIMEZONE END:VCALENDAR