Supply Chain: Demand Planning (Sales Forecasting and S&OP)
This course provides an in-depth look at demand planning, sales forecasting, and S&OP. Learn how to reflect the reality of market demand and drive a balanced sales forecast. Measure forecast accuracy and apply forecasting improvement steps. Generate rolling forecasts for wider horizons for business growth and capacity planning. Plus, apply a time fence policy of forecasting to draw the line between supply and demand teams. Get the skills you need to stay ahead in the ever-changing world of supply chain. ▼
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Course Feature
Cost:
Paid
Provider:
Udemy
Certificate:
No Information
Language:
English
Start Date:
Self Paced
Course Overview
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Updated in [June 30th, 2023]
This course provides an overview of the fundamentals of supply chain demand planning, including sales forecasting and Sales & Operations Planning (S&OP). Participants will learn how to reflect the reality of market demand and then drive a balanced sales forecast. They will also learn how to measure forecast accuracy and apply forecasting improvement steps. Additionally, participants will learn how to generate rolling forecasts for wider horizons for business growth and capacity planning. Finally, the course will cover the time fence policy of forecasting to draw the line between supply and demand teams.
[Applications]
The application of this course can be seen in the development of a balanced sales forecast that reflects the reality of market demand. It can also be used to measure forecast accuracy and apply forecasting improvement steps. Additionally, this course can be used to generate rolling forecasts for wider horizons for business growth and capacity planning. Finally, it can be used to apply a time fence policy of forecasting to draw the line between supply and demand teams.
[Career Paths]
Demand Planning is a career path in the Supply Chain field that involves forecasting and Sales & Operations Planning (S&OP). It requires the ability to accurately reflect the reality of market demand and then drive a balanced sales forecast. This includes measuring forecast accuracy and applying forecasting improvement steps. Additionally, Demand Planners must generate rolling forecasts for wider horizons for business growth and capacity planning. They must also apply a time fence policy of forecasting to draw the line between supply and demand teams.
The development trend of Demand Planning is to use more advanced analytics and data-driven forecasting techniques. This includes leveraging machine learning and artificial intelligence to improve forecasting accuracy. Additionally, Demand Planners must be able to use predictive analytics to anticipate customer demand and optimize inventory levels. Finally, Demand Planners must be able to use big data to gain insights into customer behavior and market trends.
[Education Paths]
The educational path recommended for learners interested in Supply Chain: Demand Planning (Sales Forecasting and S&OP) is a Bachelor's degree in Supply Chain Management. This degree program typically covers topics such as supply chain strategy, logistics, operations, and analytics. Students will learn how to analyze and optimize supply chain operations, develop strategies to improve efficiency, and use data to make informed decisions. They will also gain an understanding of the principles of forecasting and S&OP, and how to apply them to the supply chain.
The development trend of this degree program is to focus more on the use of technology and data analytics. Students will learn how to use data to make better decisions, and how to use technology to automate and streamline supply chain operations. They will also learn how to use predictive analytics to forecast demand and optimize inventory levels. Additionally, they will gain an understanding of the principles of sustainability and how to apply them to the supply chain.
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