Supply Chain Planning: Demand Planning



 
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3.00 hours
Online Self Study
SCP301

ID:1000000121
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About the Course

This Online Self Study introduces the demand planning process, inputs, outputs, and terminology. Demand planning relates the role of the demand planning process to other planning processes, for example, inventory planning, master planning, detail production scheduling, material planning, distribution planning, fulfillment planning, and related components of a supply chain.

Course Description

Measuring the effectiveness of demand planning is key to continuously improving the demand plan. It is used to monitor the "health" of the supply chain. Demand planning is a critical element of safety stock calculations. This course reviews the key demand planning metrics and the acceptable average of those metrics for different industries. The goal of improving these metrics is optimized inventory levels, which eventually result in more inventory turns. The circumstances for using these measures, as well as when they are applicable, are other important concepts reviewed in this course.

Learning Objectives

At the end of this course, you should be able to:

  • Describe the interaction of the demand planning functions with the other planning processes found in supply chain planning.
  • Identify the key inputs and outputs for demand planning.
  • Discuss the organizational structure and which groups within the company are involved in creating a demand plan.
  • Recognize the measurement metrics used to assess the success of demand planning.
  • Describe the activities and actions in a “day in the life” of a demand planner.
  • Demonstrate a high-level understanding of advanced forecasting techniques.

Agenda

Topics in this course include:

  • Key metrics for demand planning
  • Benefits of establishing metrics
  • Organizational implications of demand planning
  • Ways in which business units should work together in the demand planning process
  • Role of a demand planner at a company
  • Steps involved in a typical forecasting process
  • Key challenges of forecasting

Activities are integrated into the course to aid the learning process. An assessment at the end of the course enables the learner to measure progress.

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