Planning & Forecasting – Pro Course

A comprehensive course that covers both qualitative and quantitative aspects such as the planning process and forecasting techniques.



You will leave this comprehensive 20 hours educational course with an understanding of forecasting techniques, including how they work and how to apply them in a real business environment. The training surveys the most commonly used business forecasting methods explains how they work conceptually, discusses their pros and cons, and demonstrates best practices for implementing them in a real-world environment using advanced planning system

The core of the training is 1.5 hours of live interactive presentations presented over a 12-day period. During the live sessions you will have the opportunity to pose questions to the instructors in real time as well as interact with the other attendees

This course aims to help the business planners better understand and master the process and methods of planning and forecasting

The course has been designed for a planning professional working as a part of the business functions like supply chain, finance or sales & marketing. The purpose of the course is to equip the planner with the basic principles of planning and business understanding of the quantitative techniques and their use

The course does not delve upon the mathematical derivations of the forecasting models or statistical computations of various coefficients and parameters. It is expected that the business planner would be using a planning software that assist in such derivations and computations.
Pre Requisites
  • Basic understanding of statistics
  • Basic understanding of planning process and business set up
Key Learnings
  • Forecasting process basics and best practices
  • Understanding various forecasting methods
  • Understanding forecast error measurements
  • New product forecasting methods
Methodology
  • Presentation explanation
  • Real experience sharing
  • System based demonstrations
  • Exercises
  • Question Answers
Take Aways
  • Certificate of Attendance
  • 15 days free access to the forecasting system

Hourly Schedule

7th August

3 - 4:30 pm IST
About Planning & Forecasting
Fundamentals of planning & forecasting

8th August

11 - 12:30 pm IST
Data Cleansing &Management
Discussion on data management for forecasting
3 - 4:30 pm IST
Exponential Smoothing
Understanding exponential smoothing family of models

14th August

3 - 4:30 pm IST
ARIMA
Understanding ARIMA model

15th August

3 - 4:30 pm IST
Simple and special models
Understanding simple and special models like Croston's

22nd August

3 - 4:30 pm IST
New product forecasting
Understanding new product forecasting techniques

29th August

3 - 4:30 pm IST
Error measurement
Understanding different forecast error measurement techniques

4th September

3 - 4:30 pm IST
Process & collaboration
Discussion on planning function set up and cross functional collaboration

Date

Aug 07 2020

Local Time

  • Timezone: America/New_York
  • Date: Aug 07 2020

Cost

INR 11,500 + GST

More Info

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