Event Speakers
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Richard Herrin, CPF
Richard Herrin, CPF
GEON Performance Solutions

Director of Integrated Business Planning
Richard Herrin is the Director of Integrated Business Planning for GEON Performance Solutions. Richard has accountability for aligning the Integrated Business planning capabilities across all GEON businesses. Richard joined GEON in 2021, bringing 35 years of Integrated Business Planning experience. Most recently, he was the Integrated Business Planning Center of Excellence Leader for Eastman Chemical Company and has been consulting on implementing best practices in IBP through Ultra Consulting, RGP and CSC. Prior to consulting, Richard worked at Beaulieu America as the VP of Operations and Planning, at Axiall Corporation as the Director of Supply Chain Management, at Tredegar Films as the Global Sales, Operations, and Inventory Planning Lead, and at Syngenta Crop Protection as the Head of S&OP and Strategic Planning. Richard holds bachelor’s degrees in Chemistry and Chemical Engineering from the University of Florida and a Master’s in Business Administration from the University of North Carolina. He is also a Certified Professional Forecaster with the Institute of Business Forecasting.
Zephaniah Nwokeji
Zephaniah Nwokeji
British Council

Financial Planning & Analysis Manager
Zephaniah is a financial professional with over twenty years of accounting and financial management experience. He currently leads the Financial Planning and Analysis (FP&A) function of the Nigeria operation of British Council, the UK’s international organization for cultural relations and educational opportunities, with operations in over 100 countries. Prior to this, he led a Business Intelligence think-tank group for British Council Nigeria. He is a certified Financial Modelling & Valuation Analyst with the CFI Canada, an Associate Chartered Accountant with ICAN Nigeria, and holds a degree in Accounting.
Vijay Dakshinamoorthy
Vijay Dakshinamoorthy
Bell Canada

Senior Manager (Data Science) Financial Analytics Center of Excellence
Vijay is a Strategic Analytics and AI leader who currently heads the data science practice at the Finance Data & Analytics Center of Excellence at Bell Canada. He leads a team of data scientists and analytics professionals who develop intelligent forecasting products in finance. The Center of Excellence drives the finance transformation at Bell using digital tools for AI and automation. Before Bell Vijay worked at a leading marketing and advertising agency and prior to that he worked for leading telcos and consulting companies in Canada and the U.S. He has a Master’s degree in Business Administration and Computer Engineering from the University of Michigan. He is also a member of the Association of Computing Machinery (ACM).
Dean Sorensen
Dean Sorensen
IBP Collaborative

Founder

Dean Sorensen is the founder of the IBP Collaborative, a consultancy that helps organizations integrate strategic, financial and operational planning and performance management processes as a means to manage complexity, reduce costs and drive profitable growth. He has deep experience with rolling forecasts, IBP, balanced scorecards, activity-based costing, and other FP&A processes and solutions. Previously, Dean held positions with AT Kearney, Accenture and KPMG where he focused on strategic services and finance and performance management. He is a Chartered Accountant in Canada, holding a degree in BBA, Finance and Accounting from York University, Toronto.

Mark Lawless, ACPF
Mark Lawless, ACPF
Institute of Business Forecasting & Planning

Senior Advisor/Facilitator
Mark has held senior management and C-level positions at several companies across multiple industries. His experience covers manufacturing operations, product development, sales, finance, and marketing. Mark is a long-time affiliate of the Institute of Business Forecasting, having served in advisory roles and delivering training to many companies worldwide. He is the recipient of IBF's 2016 Lifetime Achievement in Business Forecasting & Planning Award. He holds an undergraduate degree in Economics, and graduate degrees in Economics, Finance, and Accounting from Southern Illinois University (Edwardsville), Washington University (St. Louis), Boston College, and Bentley College. He is an IBF Advanced Certified Professional Forecaster (ACPF).
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VIRTUAL FINANCIAL FORECASTING, PLANNING & BUDGETING CONFERENCE

(FREE FOR IBF MEMBERS)

w/ Fundamentals of Forecasting & Planning Workshop
Improve FP&A, financial forecasting and budgeting with S&OP/IBP
10:00-2:00 pm ET, July 19, 2023
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    Why Attend

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    About Us

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    Pre-Conference Workshop

Reserve Your Space Without Obligation

This event was very informative and there were great ideas presented that I will be using to improve our forecasting process.
Barbara Thomas, Demand Planning Manager, Ecolab, Inc.

FREE CONFERENCE FOR IBF MEMBERS
(Silver Package Only $99 for Non-Members)

This virtual conference is designed for Finance, FP&A and all other planning professionals looking to drive value in their organization through improved financial and forecasting and collaborative planning. With a range of expert speakers from leading companies, you’ll gain practical insight into forecasting best practices, Finance’s role in S&OP/IBP, and the core concepts and processes underlying S&OP/IBP. You’ll come away with the knowledge to drive enterprise-wide benefits that include improved P&L forecasts and operating performance forecasts, balancing supply and demand, inventory management, operational efficiency, and more.

Why YOU should Attend:

  • Learn best practices in financial forecasting and planning
  • Improved P&L and operating performance forecasts
  • Drive financial performance with fundamental and advanced forecasting
  • Manage risk and improve your company’s bottom line
  • See how leading companies leverage strategic planning and long-term forecasting
  • Learn how FP&A fits into the S&OP/IBP process
  • Learn the importance of Finance's Role in effective S&OP
  • Practical insight from leading FP&A, forecasting and planning professionals
Event Speakers
Show all Speakers
Richard Herrin, CPF
GEON Performance Solutions
Director of Integrated Business Planning
Zephaniah Nwokeji
British Council
Financial Planning & Analysis Manager
Vijay Dakshinamoorthy
Bell Canada
Senior Manager (Data Science) Financial Analytics Center of Excellence
Virtual Conference Schedule
  • On-Demand Workshop (IBF Members Only)
  • Conference Day 1
    Jul 19, 2023
IBF MEMBERS ONLY
Fundamentals of Business Forecasting & Planning Workshop with an FP&A Perspective

ROLE OF FORECASTING IN THE ORGANIZATION

• Benefits and its impact on management decisions, financial performance, supply chain, financial plans, and company budgets

• Responsibilities/accountabilities of individuals involved

• Reaching consensus and getting executive buy-in

• How forecasting relates to business planning, financial management processes, and other business decisions

• Cross-functional participation and the risk of bias in forecasts


DATA MANAGEMENT AND DATA CLEANING

• Data identification and definition

• Structure of time series data and its impact on revenue, inventory, inventory turns, and related accounting reserves, e.g. sales returns, safety stock, and excess and obsolete inventory write-offs

• Data collection and analysis

• Identifying and adjusting for anomalies and outliers


FORECAST ERROR MEASUREMENT

• Importance of error measurement and analysis – financial and non-financial

• Sources and remediation of error

• Interpretation and application of error metrics, and their relationship to key financial metrics, e.g. return on assets, gross margins, balance sheet metrics, and EBITDA

• Mean Absolute % Error (MAPE)

• Weighted Mean Absolute % Error (WMAPE)

• Error analysis and contributing factors, and cost of error and its effects on revenue and profit


HOW TO FORECAST WITH TIMES SERIES MODELS –The most widely used method of short-term forecasting

• Importance of pattern identification and variation

• Time series model identification and development

• When to use time series models

• Advantages and disadvantages of time series methods

• Event adjustments and when to use them

• Underlying assumptions and impacts on department and company financial performance – P&L and balance sheet

• Widely used time series methods – averages, naïve model, exponential smoothing, decomposition, trend, seasonal, and other time series methods


REGRESSION ANALYTICS – Longer-term forecasting and evaluating business drivers and causes of variation in demand.

• An overview of Regression Analysis and its applications

• Advantages and disadvantages

• Application in estimating effects of promotions, pricing, advertising, and other program actions which affect revenue streams, profitability and EBITDA


NEW PRODUCT FORECASTING – Forecasting over longer time periods with greater unknowns

• Challenges of New Product Forecasting and Financial Hurdle Rates in determining acceptable New Product initiatives

• Product lifecycle structure, estimation, and related financial proforma performance expectations

• Qualitative forecasting methods and uses

• Overview of Quantitative and Qualitative forecasting methods

• Expected error, accuracy, and its impact on the company P&L, Balance Sheet, Financial Ratios, and EBITDA

Pricing
Onsite Rate
(Expires in 0 days 0 hours)
SILVER PACKAGE
(Free for IBF Members)
$99
GOLD PACKAGE
(IBF MEMBERSHIP)
$300

International Price: $350

4th FREE - SILVER GROUP
Best Value (Group)
$297
GOLD CPF CERTIFICATION PACKAGE
Best Value (+CPF Certification)
$1,550
SILVER GROUP PACKAGE
(2 PERSONS)
$183
PRE-CONFERENCE WORKSHOP: FUNDAMENTALS OF FORECASTING & PLANNING
(FREE FOR IBF MEMBERS)
$449
VIRTUAL FINANCIAL FORECASTING CONFERENCE
(FREE FOR REGISTERED IBF MEMBERS) JULY 19, 2023
FUNDAMENTALS OF FORECASTING & PLANNING WORKSHOP
(FREE FOR REGISTERED IBF MEMBERS)
ALL PRESENTATION SLIDES
BENCHMARKING RESEARCH
JOURNAL OF BUSINESS FORECASTING
(JBF)
IBF MEMBERSHIP
CPF CERTIFICATION EXAMS
3 EXAMS
BOOK: FUNDAMENTALS OF DEMAND PLANNING & FORECASTING
(FREE SHIPPING)
COST OF FORECAST ERROR CALCULATOR
BUILD BUSINESS CASE FOR PLANNING RESOURCES
Put the IBF to Work for You!

Become an IBF Member and Start Improving Your Forecasting & Planning Performance Today.

The IBF Advantage:

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.

As an IBF member you receive:

  • A subscription to the Journal of Business Forecasting, which is primarily written by and geared toward practitioners.
  • Our Research Reports which include valuable benchmarking information and provide you with eye opening information on various topics in Business Forecasting and Planning.
  • Special discounts on our Conferences, Workshops, Training Seminars, Certification Program, as well as on any new products and services we will offer in the future.
  • Access to Journal of Business Forecasting Past Articles (FREE)Access to our growing online Knowledge section & Action Templates
  • Complimentary 1-day Tutorials at select Global events ($1000 USD Value)

TERMS & CONDITIONS:

  • PAYMENT: Payment in full is required prior to the scheduled date of IBF event. Unless payment is received before the start of the scheduled event, your registration will be canceled.
  • CANCELLATION POLICY: All cancellations must be received in writing a minimum of 15 days prior to the scheduled IBF event. Cancellations received less than 15 days prior to the event are subject to a $195 (USD) service charge. However, the fee is waived if a credit is selected. For cancellations made on the event date or thereafter, a credit will be applied, no refunds. If you have received training material for the event, then regardless of time before the event, only a credit will be given, no refunds. Furthermore, if your package includes IBF Membership, membership is non-refundable. Therefore any approved refunds that include IBF Membership will be returned minus IBF Membership at the advertised price.
  • MATERIALS: Any materials delivered by IBF in reference to this program are for personal use only.
  • SPEAKERS: The Institute of Business Forecasting & Planning - IBF, reserves the right to substitute, eliminate, and/or reschedule sessions and speakers if necessary.
  • Plus, as a registrant or speaker, you agree that you may be included in group pictures or videos taken at the event that could be used for IBF services, including marketing in the future.
  • For event packages that include IBF membership, registrants will be billed annually for each member. Membership can be cancelled at any time by unselecting membership renewal on your IBF profile.