An Intensive 5-day Training Course
Demand Management and Forecasting
Mastering Demand Management and Forecasting for Improved Business Efficiency and Strategic Decision-Making
CLASSROOM DATES
INTRODUCTION
Effective demand management and forecasting are essential for businesses to align supply with customer needs, minimize waste, and improve operational efficiency. Inaccurate demand forecasts can lead to excess inventory, stockouts, and lost revenue opportunities. This 5-day Demand Management and Forecasting training course is designed to provide professionals with the skills and tools needed to develop accurate demand forecasts, improve planning processes, and integrate forecasting into supply chain operations.
Participants will explore key forecasting techniques, demand planning frameworks, and data analysis methods. The training course will also cover how demand forecasting supports inventory management, production planning, and business strategy. By the end of this training course, attendees will be equipped with practical approaches to demand management that enhance decision-making and business performance.
Key Takeaways:
- Develop Accurate Forecasts – Learn to create reliable demand forecasts using both qualitative and quantitative methods.
- Enhance Demand Planning – Understand the processes involved in effective demand planning and its impact on the supply chain.
- Optimize Inventory Levels – Implement strategies to balance inventory costs with service level requirements.
- Collaborate Effectively – Leverage internal and external partnerships to improve forecast accuracy and responsiveness.
- Apply Statistical Techniques – Gain proficiency in statistical concepts applicable to forecasting and demand management.
TRAINING OBJECTIVES
- Develop and manage demand forecasts that inform supply chain decisions.
- Monitor and improve forecast accuracy over time.
- Utilize forecasting techniques to support revenue growth and business performance.
- Integrate demand planning into broader supply chain and operational strategies.
- Apply data-driven insights to enhance decision-making and demand responsiveness.
WHO SHOULD ATTEND?
- Supply chain professionals responsible for demand planning and forecasting.
- Inventory managers looking to improve stock control through accurate forecasting.
- Operations and production managers who need to align supply with demand fluctuations.
- Business analysts and data professionals working in logistics and supply chain functions.
- Procurement and planning teams seeking to enhance demand-driven decision-making.
TRAINING METHODOLOGY
- Instructor-led presentations on key concepts.
- Group discussions on real-world demand management challenges.
- Practical exercises applying forecasting models.
- Case studies illustrating demand forecasting strategies.
- Knowledge assessments to reinforce learning.
TRAINING SUMMARY
- Develop skills in demand forecasting and planning that are highly valued in supply chain management.
- Gain practical experience in applying forecasting techniques to real-world scenarios.
- Improve ability to analyze and interpret data for informed decision-making.
- Enhance problem-solving and strategic thinking capabilities in demand management.
- Increase career opportunities in logistics, operations, and supply chain roles.
TRAINING OUTLINE
Day 1: Introduction to Demand Management
- The role of demand management in supply chain operations.
- Key components of demand planning and forecasting.
- Understanding demand variability and its impact on business performance.
- Short-term vs. long-term demand planning considerations.
- Technology and tools used in demand management.
Day 2: Forecasting Methods and Techniques
- Overview of qualitative and quantitative forecasting methods.
- Applying statistical models such as time series analysis and regression.
- Understanding demand patterns and trends.
- Measuring forecast accuracy and performance.
- Using historical data to improve forecasting models.
Day 3: Demand Planning and Inventory Management
- The link between demand forecasting and inventory optimization.
- Managing safety stock and reorder points based on forecast data.
- Balancing service levels with inventory holding costs.
- Using demand forecasts to drive production and distribution planning.
- Techniques to minimize stockouts and excess inventory.
Day 4: Collaborative Forecasting and Planning
- The role of Sales & Operations Planning (S&OP) in demand management.
- Internal collaboration between departments for improved forecasting accuracy.
- Working with suppliers and customers to enhance demand planning.
- Managing forecast adjustments in response to market shifts.
- Communication strategies for effective demand management.
Day 5: Advanced Demand Planning Strategies
- Leveraging AI and machine learning for predictive forecasting.
- Scenario planning and demand sensing techniques.
- Aligning demand forecasting with business strategy and financial planning.
- Using real-time data and market insights for agile decision-making.
- Future trends in demand management and supply chain resilience.
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
