Banking

DEMAND PLANNING, FORECASTING AND MANAGEMENT

27^th – 28^th October  2016 | Kuala Lumpur

Benchmarking best practices and world class strategies to maximize forecast accuracy and cost savings

Workshop Overview

Estimating future demand is a crucial yet challenging business process to ensure the company successfully grasps every single business opportunity in the market. Combining fast pace of economic growth and changes of life, demand planners are more challenged with increased uncertainties of market demand.

To achieve accurate demand planning and forecasting, demand planners are required to combine the forecasting science with effective judgment on both internal and external factors.

This workshop is specifically designed to address key issues on the minds of those with management and executive responsibilities and those who work alongside them. Attendees will hear real world lessons learned that will enable better decision making when they are back in their office. The hands-on portions of the workshop offer more in depth look into forecasting and planning.

Why you Should Attend?

Many organisations suffer from bad demand forecasting which effects tremendously in optimising profits. By incorporating structured tools to analyse data placing real time data, which will enable companies to formulate strategies and conduct the necessary steps in making decisions and this will enable companies to be competitive in the respected industries.

The proven strategy of being the market leader and eliminating competition is by creating a competitive edge which will be highly focused in this training. Applying the techniques and tools which will create an average reduction in the value of inventory management where in the long run will improve customer service.

In this workshop you will be exposed to lead through the steps necessary to develop a successful, comprehensive demand forecasting program to meet your organization's specific needs. Instruction and examples will be complemented by actual case studies and discussion involving participants' actual challenges.

After facing a challenging economic period, it is critical to have good estimates of what will happen in the future. With accurate and well forecasted information, organisation will have a better idea to select best opportunities for success and how to initiate a plan with the resources at hand

Valuable Learning Outcomes

·         DEVELOP and refine methods and processes to link forecasting to the growth of revenue

·         LEARN the ways to incorporate the market intelligence into statistical forecasting

·         ANALYSE the patterns in data and data cleansing concepts that lead to better base line forecasts

·         EVALUATE various forecasting approaches and their place in evolution of independent forecast to the One Number Demand Plan

·         ENHANCE your knowledge of statistical concepts that are fully applicable to all forecasting software packages and systems

·         LEARN how to measure forecast performance and how to link it to inventory management and customer service

·         ACQUIRE knowledge of how to setup the Exception Driven forecasting process that improves the utilisation of your resources

For more information, please send an email to terrance@gf-intl.net with subject title "DPFM-KL" or call +65 6622 7942. Please send to terrancegf@gmail.com if you do not receive a reply within 24 hours.

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