Demand Planning Function & Process
Demand planning function is gaining crucial importance in all organisations today. The way function is set up and run has a deciding impact on its success.
This course attempts to outline the best practice for the process that shall make it a success for the organisation. The course proposes the fundamental questions one must seek answers to before setting up the process that outlines its definition. You will also learn about the roles and responsibilities of the various business functions that collaborate with planning to make it a success.
-Need for planning & forecasting
-Supply chain flow and product hierarchy
-4Ws of forecasting process
Forecasting process and function
-Introduction to forecasting function
-Key objectives and Best Practices
-Key planner skills and success commandments
-Functional roles and responsibilities
-Consensus meeting and typical forecasting cycle
-When to use top down approach
-Using POS and Syndicated Data
-About the Instructor
What Will I Learn?
4 Ws of Forecasting
Importance of point of forecast in value chain
Importance of level of forecast in product hierarchy
Key skills and success commandments for a planner
Roles and responsibilities of different business functions in planning process
Typical forecasting cycle
When to do top down forecast
Using POS and syndicated data