Demand Planning & Demand Management 420665 Why Choose this Training Course?Demand planning or sales forecasting is one most important aspect of any organization whether it is a service or a manufacturing organization. A service organization would estimate the demand for the services and preparing to service the demand for its services. A manufacturing organization would be assessing the demand for its manufactured goods by estimating the supply of raw materials, production capacity and distribution for example.Organisations should make every effort to manage demand in order to effectively plan how to satisfy this demand. Rather than being merely order takers, demand management is necessary to match marketing and sales efforts with production lead times and is also essential in situations where capacity has changed, either due to changes in equipment and/or human resources. Most importantly, demand management is essential in terms of effective, cost focused, inventory considerations.This Oxford training course will feature:Reduction in inventory investmentImproved customer satisfactionReduced cost of running the inventory management functionUnderstanding inventory categories in managementManagement of Stock Keeping Units in terms of their prioritiesWhat are the Goals?By the end of this Oxford training course, participants will be able to:Understand the importance of inventory & the role it plays in the profitability of the companyExamine the most appropriate method for planning demandUnderstand the value chain in inventory managementApply best methods to manage demandExamine the appropriate techniques for delighting the customerWho is this Training Course for?This Oxford training course is suitable to a wide range of professionals but will greatly benefit:Purchasing, Procurement, Inventory, Sales and Project personnelAll others who are involved in the planning, evaluation, preparation and management of demands that cover the acquisition of materials, parts, equipment, and services, and who are in organizations whose leadership want high levels of excellence in those involved in these activitiesHow will this Training Course be Presented?This Oxford training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is highly class-work based and will prompt delegates to reflect on current practices and on their current practices. The Tutor will guide and facilitate learning using a wide variety of methods including direct input, discussions, case studies and group work.
