Demand Planning or Sales Forecasting is one most important aspect of any organization where demand for its services or products are determined. Planning for demand is also required internally so that there is product available on time without an excess of inventory. The management of demand is a function of how an organisation controls its capacity whether it is in terms of its resources, inventory or human resource. Demand Management is essential in order that the organisation is cost effective, cost focused and to be lean in its operation.
What are the Goals?
By the end of this COPEX training course delegates will be able to:
Examine the Most Appropriate Method for Planning Demand
Understand the Role of Inventory in the Organisation
Apply Best Methods to Manage Demand
Understand the Differences Between Supply Chain and Demand Chain
Appreciate the Importance of Delighting the Customer
Who is this Training Course for?
This COPEX training course is suitable for a wide range of professionals, but will greatly benefit:
Purchasing, Procurement, Inventory, Sales and Project Personnel
All others who are involved in the Planning, Evaluation, Preparation and Management of Demands that Cover the Acquisition of Materials, Parts, Equipment, and Services, and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities
Amongst a wide range of valuable topics, the following will be prioritised:
Demand in the Supply Chain Where the Supply Chain is Examined
Understanding the Needs and Expectations of the Customer
Appreciating the Need for Inventory and Methods of Effectively Reducing It
Understanding the Techniques of How to Plan Demand
Appreciating the Principles of Forecasting Demand
Knowing How to Calculate Lead Time and its Importance
Understanding the Principles of Inventory Management
Appreciating the Principles of Managing Demand
Measuring the Effectiveness of the System
Implementing the Principles into the Organisation
COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
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