Supply Chain Fundamentals: Demand Forecasting & Inventory Optimization

Hands-on practice with calculating and applying these common forecasting techniques to real data.

Break down demand into trends, cycles, and irregularities to improve forecast accuracy.

Learn when and how to use expert input or customer surveys alongside quantitative methods.

Step-by-step categorization of inventory items using real data to prioritize management efforts.

Calculate optimal order quantities to balance holding and ordering costs in practice.

Set reorder points and safety stock levels to avoid stockouts while minimizing excess inventory.

Understand how forecast outputs directly drive inventory replenishment decisions in operations.

Measure and analyze forecast accuracy to identify and correct common biases.

Introduction to popular software used in demand planning and how to get started with them.

Practical exercises to handle missing or inconsistent data in forecasting scenarios.

Explore statistical models like ARIMA for more complex demand patterns with real data applications.

Introduction to using algorithms and neural networks to enhance forecast accuracy in supply chains.

Learn to include economic indicators, promotions, or weather data to refine predictions.

Apply stochastic models and simulation techniques to manage inventory in volatile environments.

Understand how pricing strategies affect demand and inventory decisions with practical examples.

Reduce waste and environmental impact while maintaining service levels through smarter inventory practices.

Apply complex models to a real e-commerce business to solve demand forecasting challenges.

Hands-on practice adjusting parameters in forecasting models to optimize performance.

Compare different approaches to forecasting in retail and manufacturing with case examples.

Identify the bullwhip effect and learn strategies to reduce variability amplification in supply chains.

Integrate forecasting into business planning through a structured S&OP meeting framework.

Use KPIs like inventory turnover and fill rate to measure and improve inventory performance.

Demo with common ERP software to practice demand planning and inventory management tasks.

Learn to work with sales, marketing, and finance for more accurate and aligned forecasts.

Develop plans to handle disruptions and uncertainty that affect demand and inventory stability.

Analyze a pharmaceutical company's journey to cut inventory costs through better forecasting.

Use real-time data for short-term demand sensing to improve forecast responsiveness.

Address challenges with international operations, including currency and trade factors.

Understand how to avoid bias and ensure fairness in data-driven supply chain decisions.

Collaborative problem-solving exercise to apply all learned concepts to a complex scenario.

Step-by-step guide to creating an actionable plan for forecasting and inventory management in your organization.

Strategies to gain buy-in and train teams for adopting new forecasting and inventory practices.

Build dashboards and alerts to track forecast accuracy and inventory performance in real time.

Apply the Plan-Do-Check-Act cycle to refine forecasting and inventory processes over time.

Connect forecasting and inventory management with finance, procurement, and other departments.

Learn from a real manufacturer's experience in rolling out improved forecasting methods.

Use data analytics to identify trends and opportunities for ongoing inventory improvement.

Incorporate end-user data and feedback to enhance forecast accuracy and relevance.

Adapt forecasting techniques as your business grows or changes market conditions.

Explore emerging technologies like AI and IoT that are shaping inventory and demand planning.

Tailor methods and tools to fit your specific industry, company size, and operational context.

Apply all key concepts in a complete project that simulates a real-world forecasting and inventory challenge.

Discover books, online communities, and further training options to continue growing your skills.