Supply Chain Planning and Forecasting Training Course
This course equips participants with the knowledge and practical skills required to effectively plan, forecast, and optimize supply chain operations. It focuses on demand forecasting, inventory planning, procurement coordination, production planning, and supply chain analytics. Participants will learn how to improve efficiency, reduce costs, and ensure the right products are available at the right time and place.
Target Groups
- Supply chain managers and officers
- Procurement and purchasing professionals
- Logistics and operations managers
- Inventory and demand planners
- Production and manufacturing planners
- Business analysts and forecasters
- Retail and distribution managers
- Students pursuing supply chain management, logistics, or business administration
Course Objectives
By the end of this course, participants will be able to:
- Understand principles of supply chain planning and forecasting
- Develop accurate demand forecasts
- Optimize inventory and stock levels
- Improve procurement and production planning
- Align supply chain activities with business demand
- Reduce costs and improve operational efficiency
- Use forecasting tools and techniques effectively
- Manage uncertainty and demand variability
- Strengthen supply chain coordination and responsiveness
- Apply data-driven decision-making in supply chains
Course Modules
Module 1: Introduction to Supply Chain Planning
- Definition and importance of supply chain planning
- Components of supply chain systems
- Role of planning in supply chain efficiency
- Overview of supply chain processes
- Key performance indicators in supply chains
Module 2: Demand Forecasting Fundamentals
- Definition and types of forecasting
- Qualitative and quantitative forecasting methods
- Time series and causal forecasting techniques
- Forecast accuracy and error measurement
- Managing demand uncertainty
Module 3: Inventory Planning and Control
- Inventory management principles
- Stock classification and optimization
- Reorder points and safety stock
- Inventory turnover and efficiency
- Balancing supply and demand
Module 4: Sales and Operations Planning (S&OP)
- Introduction to S&OP process
- Aligning demand and supply planning
- Cross-functional collaboration
- Production and sales coordination
- S&OP implementation framework
Module 5: Procurement and Supplier Planning
- Procurement planning process
- Supplier capacity and lead time planning
- Vendor coordination and management
- Procurement forecasting integration
- Cost optimization in sourcing
Module 6: Production Planning and Scheduling
- Production planning principles
- Capacity planning and utilization
- Master production scheduling
- Material requirements planning (MRP)
- Managing production constraints
Module 7: Supply Chain Data and Analytics
- Data sources in supply chain planning
- Forecasting tools and software
- Data analysis techniques
- KPIs and dashboard reporting
- Using analytics for decision-making
Module 8: Risk Management in Supply Chain Planning
- Identifying supply chain risks
- Demand and supply variability risks
- Disruption management strategies
- Scenario planning and contingency plans
- Building supply chain resilience
Module 9: Performance Measurement and Optimization
- Supply chain performance metrics
- Forecast accuracy measurement
- Cost and service level optimization
- Continuous improvement strategies
- Benchmarking supply chain performance
Module 10: Capstone Project and Case Studies
- Real-world supply chain forecasting scenarios
- Group project: developing a supply chain plan
- Demand forecasting and inventory simulation exercise
- Case study review of supply chain successes and failures
- Emerging trends in AI-driven forecasting, predictive analytics, and intelligent supply chain planning systems
Course Features
- Activities Supply Chain & Logistics
Courses you might be interested in
We use cookies to improve your experience, including essential cookies required for the website to function. By continuing, you agree to our use of cookies.
Customise Consent Preferences
We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.