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BASICS OF FORECASTING SEMINAR
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What you should know about your business’ future
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Sales are up, company is expanding, bank credits are secured...
for now, maybe. What about customers, will they be there next year,
how about next month, or next week?
You have invested so much but is it going to hold? Can we predict
that? Learn about the tools that can help you planning for the
future, right from the customer demand!
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Forecasting may seem to be a complex process and many companies do a little
more than lip service, just to get by. Imagine the millions of dollars
invested in your organization, yet only less than 5% of your yearly sales
are confirmed customer PO’s. The rest of 95% of the business should also be
given its due attention via proper forecasting.
In this seminar, we have
simplify the process, so that everyone can understand the importance and
the impact of forecasting in operations, customer service, and improved
profits.
At the end of this seminar, you should come away with:
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The understanding of the importance of FORECASTING;
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The knowledge to identify and analyze the elements of FORECASTING;
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The knowledge of FORECASTING techniques and applications;
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How to initiate a FORECASTING program;
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Practical exercises and applications in manufacturing and distribution;
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AGENDA |
Session 1
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- Introduction
- Conflicting Objectives
- Supply Chain, ERP, DRP Systems
- Demand Management
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Session 2
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- Why Forecast?
- What to Forecast?
- Forecast Aggregation
- Characteristics of Forecast
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Lunch
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Session 3
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- Forecasting Techniques
- Qualitative Forecasting Techniques
- Quantitative Forecasting Techniques
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Session 4
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- Exercises
- Terminology: MAD, Error, Deviation
- Tracking the Forecast
- Forecast Modeling
- Essential Steps in Forecasting
- Why Forecasts Fail?
- Evaluation and Discussion
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What they said about this
seminar: |
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"I really appreciated the real life
examples, these brought concepts into perspective"
"Well use of my time, we were able to validate that
we were taking away whole a lot with this seminar"
"Excellent seminar, good practice, worth my time,
thank you."
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