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.
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