Stock Management, Forecasting, and Demand Planning Training Course | Trajlon Group

Course image

Stock Management, Forecasting, and Demand Planning

Course Type

Short Course

Category

Inventory

Duration

5 Days

Ratings

Training Objectives

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Course Overview

This outline provides a comprehensive overview of a training program covering Stock Management, Forecasting, and Demand Planning.

The program can be tailored to different levels of experience and specific industry needs.

Target Audience

Demand Planners Forecasting Analysts Inventory Managers Stock Controllers Procurement & Purchasing Officers Production and Operations Planners

Course Outline

Fundamentals of Inventory Management Costs Associated with Inventory Inventory Control Systems Inventory Classification and Analysis

Economic Order Quantity (EOQ) Reorder Point (ROP) and Safety Stock Just-in-Time (JIT) Inventory Inventory Accuracy and Auditing Warehouse Management Basics

The Role of Forecasting in Supply Chain Management Types of Forecasting Methods Understanding Demand Patterns Data Requirements for Forecasting

Time Series Forecasting Methods Causal Forecasting Methods Forecast Accuracy and Error Measurement Selecting the Appropriate Forecasting Method Forecasting Software and Tools

Definition and Importance of Demand Planning Inputs to the Demand Plan Outputs of the Demand Plan Stakeholders in the Demand Planning Process

Demand Planning Steps Collaborative Planning, Forecasting, and Replenishment (CPFR) Sales and Operations Planning (S&OP)

The Interplay of Inventory, Forecasting, and Demand Planning Developing Inventory Strategies Based on Demand Impact of Forecasting Accuracy on Inventory Levels Utilizing Technology for Integrated Planning

Key Performance Indicators (KPIs) for Stock Management Key Performance Indicators (KPIs) for Forecasting and Demand Planning Analysing Performance Data Implementing Continuous Improvement Initiatives Lean principles in inventory and demand planning. Six Sigma methodologies

Upon completion of this training, participants will be able to:

Understand the fundamental concepts and importance of stock management, forecasting, and demand planning. Apply various techniques and tools for effective stock control and optimization. Develop and utilize different forecasting methods to predict future demand accurately. Create and implement robust demand plans that align with business objectives. Integrate stock management, forecasting, and demand planning processes for improved supply chain efficiency.

Download Brochure!

Download this comprehensive brochure to explore the course overview, discover the key skills and knowledge you will gain, and review the detailed course outline – all conveniently accessible offline. Feel free to share this informative resource with colleagues and others who may benefit from this learning opportunity.

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Duration:5 Days
Modules:8
Traininglive classes
Group discount:Yes
Language:English

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