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Demand Forecasting

Forecasting is a prelude to planning

Before making plans, an estimate must be made of what conditions will exist over some future period. There are many circumstances and reasons, but forecasting is inevitable in developing plans to satisfy future demand.

This course explains and discusses various actions due to the planning horizon when managing demands for products to manufacturing and inventory.

Objectives: The purpose of the course is to provide you with insights into how to ensure information for demand planning, which is needed to coordinate the company functions.

Level: Supplementary, you should have worked in the area for some time.

Training Method: Demand Forecasting is a Module course and is studied over the internet via our e-learning platform Instant education. Read more about the training method here.

Course Length:Approximately 3 hours active study time.

Price: 70 EURO / student
78 USD / student

Prices excluding VAT.
For large-scale education projects request quotation.

Online price:

55 EURO / student
61 USD / student

Prices excluding VAT.

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Course contents:

Demand Management
Demand management is the function of recognizing and managing all demand for products.

Forecasting and Planning
Forecasting is a prelude to planning.

Demand Forecasting
Forecasts depend upon what is to be done.

Characteristics of Demand
There are some characteristics of demand that influence the forecast and the particular techniques used.

Characteristics of Forecasting
Forecasts have four major characteristics or principles.

Collection and Preparation of Data
Forecasts are usually based on historical data manipulated in some way.

Forecasting Techniques
There are many forecasting methods, but they can usually be classified into two general types of forecasting techniques.

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