Demand Planning and Demand Management

Course details

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 AZTech training course will feature:

• Reduction in inventory investment
• Improved customer satisfaction
• Reduced cost of running the inventory management function
• Understanding inventory categories in management
• Management of Stock Keeping Units in terms of their priorities

 
What are the Goals?

By the end of this AZTech training course, participants will be able to:

• Understand the importance of inventory & the role it plays in the profitability of the company
• Examine the most appropriate method for planning demand
• Understand the value chain in inventory management
• Apply best methods to manage demand
• Examine the appropriate techniques for delighting the customer

Updated on 30 September, 2018