Demand Management in a Demand Driven Supply Chain
Demand-driven supply chain management is a modern approach to managing supply chains that is becoming increasingly popular. It is designed to help companies respond quickly to changing customer needs, markets and product portfolios. This approach is less likely to be negatively affected by volatile demand and can help companies remain competitive in today's rapidly changing environment. ▼
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Course Feature
Cost:
Free
Provider:
Edx
Certificate:
Paid Certification
Language:
English
Start Date:
Self paced
Course Overview
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Updated in [March 06th, 2023]
This course provides an overview of Demand Management in a Demand Driven Supply Chain. It covers topics such as demand sensing, demand signal management, data analysis, demand shaping, automated inventory replenishment programs, and Demand Driven Materials Requirement Planning - DDMRP. Participants will learn how to apply demand-driven supply chain techniques and approaches to identify customer needs and use point of sale data to provide an adequate response through demand-driven supply chain processes and providing customers with high service levels without holding high inventory levels and incurring in high fulfillment costs. Upon completion of the course, participants will be eligible to become a Certified Forecaster and Demand Planner (CFDP). CFDP certified professionals are globally preferred by recruiters for decision making positions because they can improve demand planning business processes, implementing collaborative practices that include both providers and retailers to integrate the global supply chain.
[Applications]
Upon completion of this course, CFDP certified professionals will be able to apply demand-driven supply chain techniques and approaches to their organization. These techniques and approaches include demand sensing, demand signal management, data analysis, demand shaping, automated inventory replenishment programs, and Demand Driven Materials Requirement Planning - DDMRP. Additionally, CFDP certified professionals will be able to improve demand planning business processes, implementing collaborative practices that include both providers and retailers to integrate the global supply chain.
[Career Paths]
1. Demand Planner: Demand Planners are responsible for forecasting customer demand and managing inventory levels to ensure that customer needs are met. They use data analysis and predictive analytics to develop accurate forecasts and develop strategies to reduce inventory costs and improve customer service. Demand Planners must stay up to date on the latest trends in the industry and be able to quickly adapt to changing customer needs.
2. Supply Chain Manager: Supply Chain Managers are responsible for overseeing the entire supply chain process, from procurement to delivery. They must be able to identify and address any potential issues that may arise, as well as develop strategies to improve efficiency and reduce costs. Supply Chain Managers must also be able to effectively communicate with suppliers and customers to ensure that all parties are satisfied with the process.
3. Demand Driven Materials Requirement Planning (DDMRP) Analyst: DDMRP Analysts are responsible for developing and implementing demand-driven supply chain processes. They must be able to analyze data and develop strategies to reduce inventory costs and improve customer service. DDMRP Analysts must also be able to identify and address any potential issues that may arise, as well as develop strategies to improve efficiency and reduce costs.
4. Demand Signal Management (DSM) Analyst: DSM Analysts are responsible for analyzing customer demand signals and developing strategies to improve customer service. They must be able to identify and address any potential issues that may arise, as well as develop strategies to improve efficiency and reduce costs. DSM Analysts must also be able to effectively communicate with suppliers and customers to ensure that all parties are satisfied with the process.
[Education Paths]
1. Bachelor's Degree in Supply Chain Management: A Bachelor's Degree in Supply Chain Management provides students with the knowledge and skills needed to manage the flow of goods and services from the point of origin to the point of consumption. Students learn about the principles of supply chain management, logistics, inventory management, and operations management. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations and become more efficient.
2. Master's Degree in Business Administration (MBA): An MBA in Supply Chain Management provides students with the skills and knowledge needed to manage the entire supply chain process. Students learn about the principles of supply chain management, logistics, inventory management, and operations management. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations and become more efficient.
3. Master's Degree in Logistics and Supply Chain Management: A Master's Degree in Logistics and Supply Chain Management provides students with the knowledge and skills needed to manage the flow of goods and services from the point of origin to the point of consumption. Students learn about the principles of supply chain management, logistics, inventory management, and operations management. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations and become more efficient.
4. Doctor of Business Administration (DBA): A Doctor of Business Administration (DBA) in Supply Chain Management provides students with the skills and knowledge needed to manage the entire supply chain process. Students learn about the principles of supply chain management, logistics, inventory management, and operations management. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations and become more efficient.
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Quiz
Submitted Sucessfully
1. What is the main goal of Demand-driven supply chain management?
2. Which of the following is not a Demand-driven supply chain technique?
3. What is the name of the certification program offered by edX?
4. What is the acronym for Demand Driven Materials Requirement Planning?
Correct Answer: DDMRP
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