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Demand Management

A practical course on demand forecasting with the latest tools and techniques

Target group

This course is intended for learners experienced in Supply Chain Management who wish to expand their knowledge on forecasting demand and the resultant inventory policies to optimize customer service while maintaining low inventory level and running operations at lowest cost.

Course objective

To provide learners with principles, fundamentals, and applications of demand management.

Duration

5 Days / 30 Hours

Entry Requirements

 Minimum of 5 years experience in SCM, Grade 12.

Key learning points 

The following are key learning point during this course:

bulletForecasting stationary demand
bulletForecasting with growth and seasonality
bulletImplementing re-order point
bulletInterpreting service levels with statistical techniques
bulletEstablishing review periods and maximum stock levels
bulletHybrid techniques
bulletSlow moving items

It also includes various computer models to assist the learner to implement demand management.

 

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Last modified: April 13, 2005