OpEx – SCM Fundamentals – Demand Forecasting
$ 34$ 39 (-13%)
This source, titled “OpEx- SCM Funda2 Forecasting.pdf” by Vishnu Rayapeddi, provides an extensive overview of demand forecasting within supply chain management. It begins by defining forecasting as educated guessing and a crucial process for business decisions across various time horizons, from short-range (under one year) to long-range (over three years). The document details different types of forecasts, including economic, technological, and demand, and outlines seven key steps in the forecasting process, from determining its use to validating results. Furthermore, the text distinguishes between qualitative forecasting methods (like the Delphi method and sales force composite) and quantitative methods (such as moving averages, exponential smoothing, and linear regression), explaining their applications and calculations, including metrics like Mean Absolute Deviation (MAD) and tracking signals for monitoring forecast accuracy.
Demand Forecasting PPT Description
This product (Supply Chain Fundamentals Module 1 – Demand Forecasting) is a 73-slide PPT PowerPoint presentation slide deck (PPTX), which you can download
immediately upon purchase.
The Supply Chain Fundamentals Series has 6 modules in all as below:
Module 1 – Forecasting – 73 Slides
Module 2 – Aggregate Planning – 28 Slides
Module 3 – Materials Requirement Planning – 36 Slides
Module 4 – Scheduling – 43 Slides
Module 5 – Inventory Management – 69 Slides
Module 6 – sales & Operations Planning
Covered Topics
The 1st Module on Forecasting covers the following topics:
- Forecasting Approaches
- Time Series Forecasting
- Methods
- Monitoring and Control
- Other Sectors
Buy all the 5 modules as a bundle and receive 25% discount!
This module dives deep into the types of forecasts segmented by time horizon, covering short-range, medium-range, and long-range forecasts. It provides a comprehensive understanding of when to apply each type of forecast based on specific business needs such as job scheduling, sales planning, and new product development. The detailed breakdown ensures that executives can align their forecasting approach with strategic objectives effectively.
The PPT also addresses the critical strategies and issues encountered during a product’s lifecycle. From introduction to decline, it outlines the necessary adjustments in product design, process reliability, and cost control. This lifecycle approach equips leaders with the insights needed to navigate the complexities of market dynamics and product evolution.
Quantitative and qualitative forecasting methods are meticulously explained, providing a balanced view of intuition-based and data-driven techniques. The module includes practical examples like sales force composite and exponential smoothing, making it a valuable resource for refining forecasting accuracy. The inclusion of error measurement equations and tracking signal computation further enhances the robustness of the forecasting process.
Source: Best Practices in Supply Chain Analysis PowerPoint
Slides: Supply Chain Fundamentals Module 1 – Forecasting PowerPoint (PPTX)
Presentation Slide Deck, OpEx Academy NZ
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