Reserve Your Space Without Obligation
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
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On-Demand Workshop (IBF Members Only)
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Conference Day 1Jul 19, 2023
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
International Price: $350
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VIRTUAL FINANCIAL FORECASTING CONFERENCE
(FREE FOR REGISTERED IBF MEMBERS) JULY 19, 2023
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FUNDAMENTALS OF FORECASTING & PLANNING WORKSHOP
(FREE FOR REGISTERED IBF MEMBERS)
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ALL PRESENTATION SLIDES
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BENCHMARKING RESEARCH
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JOURNAL OF BUSINESS FORECASTING
(JBF)
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IBF MEMBERSHIP
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CPF CERTIFICATION EXAMS
3 EXAMS
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BOOK: FUNDAMENTALS OF DEMAND PLANNING & FORECASTING
(FREE SHIPPING)
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COST OF FORECAST ERROR CALCULATOR
BUILD BUSINESS CASE FOR PLANNING RESOURCES
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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.
- 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)
10:00 am - 4:00 pm EDT
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.