Courses
Demand Management Essentials
Getting an in-depth working knowledge of key demand and inventory planning policies, models and metrics is the objective of this 1 day interactive course.
The course aims to demonstrate how to Improve the alignment between supply and demand to maintain good levels of customer service and on-shelf-availability whilst eliminating excess stock and reducing inventory investment.It also incorporates a review process, which measures performance and determines the appropriate action required to meet business objectives.
This learning offer from costmap Academy teaches all about the essentials of an effective demand management process.
3 days
Virtual/Classroom/Digital
Demand planners, Forecast planners, Operations managers, Finance managers, Purchasing and procurement professionals, Category managers, Supply chain professionals.
- What is demand process cycle?
- What are the types and characteristics of demand?
- What is the law of demand and supply?
- How does demand forecasting work? What are naïve, moving average, exponential smoothening and forecasting errors?
- How to plan inventory levels using ABC, JIT, insurance methods; and continuous and periodic reviews?
- How to measure performance using smart KPIs?