Live Training: Demand Forecasting
Structure an effective demand planning & forecasting process with state-of-the-art forecasting models.
Your most important questions answered up front
For whom is this training?
- Demand planners, supply planners, inventory managers, supply chain analysts, and supply chain scientists who want to learn best practice to forecast demand.
- Supply chain managers (S&OP managers, Project leaders, IT project leaders) who want to get a better understanding of demand forecasting and/or inventory optimization (before setting up a major project/initiative/software implementation).
- Sales, finance, and support teams who want to provide better inputs to the demand planning teams.
- Any team member using the demand forecast who wants to understand how to use it, read it, and improve it.
- Data scientists who want to learn how to use their qualitative skills to optimize supply chains (by creating demand forecasting or inventory optimization models).
What will I learn during this training
- Explain why we need to forecast demand (and not sales)
- Explain the differences between demand, sales, and sales targets; forecast, plan, and budget.
- Highlight techniques to capture true demand instead of sales.
- Assess the right forecasting granularity and horizon for a supply chain process.
- Assess forecast accuracy using the most appropriate forecasting metrics (and avoid using the worst forecasting KPI).
- Use weighted forecasting KPIs.
- Assess your demand forecasting maturity level.
- Assess when to use machine learning, statistical models, or judgmental forecasts.
- Explain the limitations and advantages of machine learning versus statistical models; and time series forecasting versus predictive analytics.
- Map/draw the end-to-end supply chain flow of information.
- Read a Forecast Value Added dashboard (#1 technique to improve your forecasting accuracy).
- Structure an efficient, effective, and focused demand forecasting process.
- Recognize and avoid cognitive biases and politics when making judgmental forecasts.
- Implement from scratch multiple statistical forecasting models in Excel.
- Optimize statistical forecasting model using Excel Solver and advanced KPIs.
Will I receive a certification?
Yes. Every participant receives a certificate of participation issued by SupChains – Nicolas Vandeput.
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Demand Forecasting & Planning Excellence Training
Deep understanding of the fundamentals
First of all the demand planners are getting a strong foundation and understanding of the basics. General definitions, forecasting frameworks and KPIs.
End-to-end supply chain optimization
Stakeholders in a supply chain are all interconnected. Learn how to collaborate with external clients & suppliers and avoid politics.
Enabling world-class state-of-the-art
The training guides practitioners step-by-step to the best practices. Interactions with attendees (in discussions, polls, self-assessments) ensures measurable sustainable impact after the training.
Cutting edge models and frameworks
Nicolas Vandeput is a world-class expert in demand forecasting. Your organization will profit from his deep scientific knowledge and consulting experience.
Do you want to tap into a clear and proven process of demand forecasting?
When working together with several multinational corporations from all over the world we have realized the immense potential of more efficient and accurate demand forecasting and planning.
With the increasing complexity of supply chains — an ever-increasing portfolio complexity, long lead-times due to international suppliers, demanding clients, combined with internal politics —, it has become challenging for demand planners to guarantee forecast accuracy.
The question arises: How can we achieve demand forecasting excellence?
With the demand planning training we are finally bringing clarity to the fundamentals of the process and adapting the latest proven models to achieve uncompromising precision in forecasting.
Combined with the in-depth knowledge that we transfer within the training, the demand planners will develop clear KPIs and objectives to ensure accuracy.
Companies around the world are still wasting money due to ineffective planning processes. With this training we are finally able to change that.
What are you waiting for?
About SupChains
We help companies worldwide to achieve excellence in demand forecasting and inventory optimization.
SupChains is specialized in forecasting and inventory optimization. Next to training demand planners, we are also supporting multinational supply chains when it comes to inventory optimization, forecasting, and the implementation of machine learning or coaching and training.
Our goal is to bring state-of-the-art supply chain excellence to companies around the world. By working together with you.
Nicolas Vandeput founded SupChains in 2016. Passionate about education, he has taught forecasting and inventory optimization to master students in Brussels & Paris. He published his best-selling books “Data Science for Supply Chain Forecasting” in 2018 and “Inventory Optimization: Models and Simulations” in 2020.
© 2021 – SupChains