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Improving the Production Process
Establishing Specification for Purchase
International Purchasing - overview ![]()
Purchasing Assignments - overview
Selecting Suppliers in Purchasing
Capacity Management - overview
Manufacturing Planning & Control - overview ![]()
Material Requirements Planning - overview
Inventory Management - overview
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.
Objectives:
All our courses are 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:55 EUR / student.
Prices excluding VAT.
For large-scale education projects request quotation.
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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 three categories.


General Logistics
Lean Production
Purchasing
Production Logistics
Warehouse & Distribution
Economy