If you want to ensure your customers receive their orders fast, preserve cash, ensure new product planning success, optimize marketing strategies with big data & predictive business analytics, lower inventory, improve supply chain efficiency, it is crucial that you improve your company's S&OP, demand planning, and forecasting process. We all know in forecasting that we strive for better accuracy. IBF's training program will teach you how to be more right than wrong and better plan the business.
During the training, IBF's senior educators will use their wealth of real-world experience to provide valuable knowledge for empowering employees, uniting departments, and gaining consensus. It is geared towards every industry, at all levels of experience.
Plus, if you're looking to educate your sales, marketing, finance, supply chain, and demand planning teams on the fundamentals of forecasting & planning, then this program is for you. Furthermore, IBF's Online training program is especially geared for those with limited budgets and time constraints for travel.
Advantages of IBF’s Online Training:
• Benchmarks & Best Practices: Get access to valuable benchmarking data, as well as best practices that successful companies are using to win in today's challenging marketplace. Identify the gaps in regards to your people, processes, technology and learn what action plans are required to correct them.
• Valuable Bonus Materials: Case studies, exercises, data-sets, templates, and complete presentation slides.
• Save Money & Unlock the Power of your ERP / Demand Planning Solution: Learn to leverage the power of your ERP for improved demand planning & forecasting. Most companies only utilize a small percentage of their system's capabilities.
• Certification Preparation: If you're registered to take IBF's Certified Professional Forecaster (CPF) exams, this training program is a great way to prepare.
Furthermore, our focus on Sales & Operations Planning (S&OP) and the role of Demand Management will help you and your colleagues learn pitfalls to avoid during a process implementation that can immediately pay dividends and keep your company on the right path to success.
IBF's training program is a comprehensive curriculum that is based on over 30 years of research and working with the forecasting/demand planning community. And at the same time it is continuously reviewed to ensure it matches the needs of businesses and professionals today.
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®).
Demand Planning & Forecasting is both an art and a science. It requires informed judgment, business expertise, and technical skills. Done well, it can provide a true competitive edge and increased sales, while managing inventory and maintaining best-in-class customer service. Forecasting depends on both a structured process and modeling. Both are equally important. In this workshop, we will describe not only the fundamentals of forecasting and planning, but also why the forecasting process is important and what role it plays in demand planning.
Both demand management and demand planning call for managing the demand, that is, what to do if demand is greater than supply or if supply is greater than demand? It's in the best of interest of a company to balance supply with demand. This requires demand sensing (reading and interpreting the signals of the market) and demand shaping (shaping the demand to optimize sales and profit). For effective demand planning, we have to set some business rules, that is, how to deal with different issues that might arise. For example, how to deal with products that are highly volatile, how to allocate products among different customers when there is a shortage, what criteria to use for pruning products, and so on. Also, we need to regularly review such things as forecast performance, customer service, and inventory levels, which will also be addressed in this workshop.
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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.