Best Practices in Stock Management

Best Practices in Stock Management

Best Practices in Stock Management, Demand Planning and Forecasting Introduction : This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. Demand management and forecasting have now reached the point where collaborative approaches within an organization and ..

Best Practices in Stock Management, Demand Planning and Forecasting

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

Demand management and forecasting have now reached the point where collaborative approaches within an organization and with customers and suppliers mean that it is possible to dramatically increase service levels from procurement to the organization and from the organization to its customers. This can now be done at a reduced cost, with reduced inventories.This course takes a practical view of what leading companies are doing in this area.

Objectives :

After attending this course, participants will be able to:

  1. Understand the basics in stock management, demand planning and forecasting.
  2. Take a practical view on what leading companies are doing.
  3. Work efficiently by reducing cost with reduced inventory.
  4. Understand the nature of stock management and its importance.
  5. Have an updated insight in the most effective best practices in demand planning, forecasting, and stock management.
  6. Better understand their firms to identify the opportunities that will enable its growth.

Content:

Module 1:

  1. Introduction in stock management.
  2. Introduction in demand planning and forecasting.
  3. The difference between demand planning and forecasting.
  4. Approaches for managing inventory levels.

Module 2:

  1. Understanding the demand of your own product/service.
  2. Stock segmentation approaches.
  3. Software packages and tools.
  4. Sales and operations planning (S&OP) processes.

 

Module 3:

  1. Demand management approaches.
  2. Variability for demand through cyclical trends
  3. Sources of forecast error.

 

Module 4:

  1. Alternative approaches to forecasting.
  2. Fitting forecasting into the process.
  3. Statistical tools and software packages.
  4. Understanding the Forrester or Bullwhip Effect.
  5. Internal collaboration rules, roles and responsibilities.

 

Who Should Attend?

  1. Directors, Managers and Business Analysts responsible for supply chain management, demand planning and management, S&OP processes, forecasting and inventory management.
  2. Suppliers who are being asked to work on new approaches to managing supply and who need to understand how to work with such approaches to reap more benefits.
  3. Organizations in manufacturing, retail and those from other industries who need a general understanding of the power of these tools.
  4. Interested candidates.

 

times [ Istanbul ]

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2024-05-19 2024-5-23 3,250 Istanbul join enquire
2024-07-21 2024-7-25 3,250 Istanbul join enquire
2024-09-15 2024-9-19 3,250 Istanbul join enquire
2024-11-17 2024-11-21 3,250 Istanbul join enquire