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.
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.
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.
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.