• Our highly experienced Academy workshop leaders have committed time to guide you step-by-step on how to address the challenges you currently face in the field.
• Our workshop leaders represent experts from well-known companies and institutions. As an attendee, you will be able to take advantage of over 100 years of combined experience in improving, implementing, and coaching forecasting and planning.
• As with every IBF event, we strive to ensure that attendees walk away with something they can put to use immediately upon returning to the office. You can expect to leave the event with a stronger foundation and tool-kit to execute immediately.
• Plus, the IBF Academy is an excellent step in preparing and becoming a Certified Professional Forecaster (CPF ®). Exams will be offered on August 14, 2019.
IBF's Business Planning, Forecasting & S&OP Academy is designed at two levels** that offer two full days of expert training:
LEVEL I: For those that require the fundamentals and are just getting started
LEVEL II: For those with experience that are looking for new and better ways to improve S&OP/ IBP, Forecasting & Business Planning performance
• Improve Inventory Management and working capital with better forecasting
• Create a highly functioning Demand Review meeting that accelerates your S&OP
• Successfully design & implement S&OP / IBP regionally as well as globally
• Grow market-share with superior new product planning & forecasting
• Understand your forecasting & planning software from the ground-up
• Learn how to forecast and build high performing statistical & predictive analytic models
• Improve accuracy and learn how to achieve true cross-functional consensus
• Improve your master data through better data cleansing techniques
• Learn to create an effective and successful forecasting process that works in any industry
• Lean forecasting & planning practices, prepare forecasts faster & better with less resources
• Mitigating & managing risk with S&OP
• And much more!
**We know Levels can be subjective. Therefore, all attendees can customize their IBF Academy schedule with Level I and Level II sessions of their choice. Plus all attendees will receive material for all sessions and levels!
The Institute of Business Forecasting & Planning - IBF is a membership organization recognized worldwide as the premier full-service provider of demand planning, forecasting, business analytics, S&OP education, benchmarking research, training, certification, world-class conferences, and advisory services. Since 1981, the IBF has been helping businesses improve their forecasting and planning performance in an effort to enhance growth, optimize supply chains, and improve their bottom line. It has been said that no other organization on the globe has as much depth in its educational content for Demand Planning & Forecasting as IBF.
Having some of the world's most well known global companies as its members, the IBF is constantly finding and disseminating better ways to manage demand, improve organizational efficiency, and company performance. By becoming an IBF member, you can ensure that you stay current with proven best practices, link with global professionals facing similar challenges, ascend in your career, and bring your organization to best-in-class levels in performance. The IBF is a pioneer in developing a Demand Planning, Forecasting, and S&OP Certification program that can help boost your credentials, as well as, give management greater confidence in its people. The IBF is known for two levels of certification: Certified Professional Forecaster (CPF®) and Advanced Certified Professional Forecaster (ACPF®).
When it comes to operations and order fulfillment, the more insight you have into future demand, the better. But getting a number you can base your business operations on is easier said than done. It relies on a collaborative process with input from sales and marketing to get the data you need to build robust forecasts, and that means you need to get out of your silo and into the business. In this interactive workshop, I will show you how to design a better forecasting and planning process around cross-functional collaboration to supercharge your monthly Demand Review Meetings. You’ll learn how to get buy-in for the process, get the key players around the table, what data you need, and the judgmental insight you need to accompany your statistical models. With real-world learnings and practical steps to build your own forecasting process, you’ll be able to leverage forecasts for greater insight, streamlined inventory, better customer service, and even spot commercial opportunities.
You will learn:
New products are crucial to competing in today’s retail environment but with such low success rates for new launches, it is a very risky business. And that’s no surprise because forecasting sales for a product that has no sales history is very challenging. To avoid excess expenditure on the one hand, and ensure enough inventory on the other, we need to think outside the box. In this interactive workshop, you’ll learn how best-in-class companies use the Product Lifecycle approach for new product launches, and how you can implement it in your own organization. We’ll take a close look at error rates compared to existing products, how to size the overall opportunity, what data you can use to build a workable forecast, and crucially, how to update and manage forecasts post-launch to mitigate the risk and maximize opportunity. Successful new product launches are possible, and I will show you how.
You will learn:
Did you know 60% of all firms use the same method to prepare forecasts? They employ time series analytics, and its popularity is due to its simplicity and accuracy. It’s also popular since most forecasting software systems use many time series models in their forecasting engines. It is ideal for a range of businesses, thanks to its simple data requirements, and applications across various product types. It can be employed in both sophisticated forecasting systems and simple spreadsheets.
This session is very much hands-on and interactive, so bring a laptop with Microsoft Excel! Together we will prepare time series forecasts, so you can see how easily they can be created in your own organization. I will also leave you with a solid understanding of the difference between times series and other forecasting models such as regression. Plus, you will learn when to use each type of model too. Effective forecasting isn’t always easy, but it doesn’t have to be complicated - attend this session and you will see why.
You will learn:
Omnichannel is being adopted by retailers to enable a seamless shopping experience for their customers across all possible points of contact. This new approach to selling comes with its own challenges, with a key factor to omnichannel success being unrestricted access to inventory across all channels, including in-store, website and mobile app. This workshop will discuss the findings from a multiple case study of global retailers, including identifying the newly emerging channel-related variables that impact sales. In this interactive session I’ll reveal channel-specific nuances so you can effectively forecast for each channel. We’ll also discuss how to determine the optimal location for staging inventory to deliver the best customer service at the lowest cost, as well as the implications of omnichannel on forecasting, planning and S&OP. If you work in retail forecasting or planning, omnichannel is now a fact of life, and understanding the demand drivers for each channel is key to survival.
You will learn:
A lot goes into ensuring a product is available for delivery, and in large Supply Chain focused organizations, it can be very complicated. That’s where S&OP comes in to provide clarity and structure to make sure the customer gets what they need and when they need it, allowing for effective allocation of labor, resources, capital and materials to meet demand with the appropriate level of supply. When implemented effectively, it lowers costs, satisfies customers and minimizes unnecessary expenditure.
We are going to learn how S&OP is becoming more and more important as Supply Chains become ever more complex due to outsourcing, globalization and shortened product lifecycles. In this interactive session, beginners will learn how to design and implement an effective S&OP process, and experienced practitioners will discover ideas that will help improve their current S&OP process. Highlights include practical steps to communicate demand and supply issues to management, how to use S&OP to spot commercial opportunities, encourage cross-functional buy in, and seamlessly integrate S&OP with management priorities.
You will learn:
There is a very serious gap in the employment pool which makes finding the right talent for your Forecasting and Demand Planning very difficult. What makes this worse for many of us is the shift towards independent analytics departments which requires new skills and lots more people. Effective organization design is key to managing this change, and it is about more than just structure: it is architecting and aligning all facets of the organization to enable strategy. When processes, structures, technology, people, systems and culture work in concert, an enterprise is best positioned to deliver dynamic results. But in a world of constant change, how will your centralized Predictive Analytics and Planning Department keep the pieces in sync? What can we do to ensure we have the talent necessary to support our business both now and into the future? Whether you’re looking to redesign one function or the whole organization, you need to look beyond hierarchies and organizational charts to be successful. Come to this session and ’ll leave you with a roadmap to upgrade your company’s approach to organization design to be successful in the new age of analytics and insight.
You will learn:
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Become an IBF Member and Start Improving Your Forecasting & Planning Performance Today.
IBF members include well-known company professionals that span a broad array of business sectors. By joining our organization, you can make certain that your company sets up the right forecasting & planning process and uses the best techniques available. Moreover, you can be sure that your forecasting and demand planning staff has the proper knowledge and skill set for success.