Demand Planning for S&OP 2024

In-Person Workshop: Demand Planning for S&OP – March 2024, Pune India :

An accurate demand plan helps you reduce inventory costs and increase customer service levels. When properly implemented, the demand plan helps create a lean and customer-centric supply chain.

In this workshop, you will learn how to develop a baseline statistical forecast and leverage a collaborative process to add customer intelligence. The result is a more accurate plan that includes promotional activity, customer intelligence, and display activity.

This two-day intensive workshop will take you through an overview of the demand planning process, and the organization and structure within a supply chain. Our course comprehensively covers statistical modeling to create accurate forecasts, in-depth discussion on model diagnostics to improve the quality of the forecast models with specific references to popular applications such as SAP IBP, Oracle, Demantra, ForecastPro, etc.

To read the detailed agenda, please download the brochure below.

Detailed Outline of The Workshop

Demand Planning Overview

  • Planning objectives
  • The Service – Cost – Balance Model
  • Define your Plan
  • Budgeting vs. Forecasting vs. Planning
  • Beyond Statistical Forecasting
  • Key Components of a Demand Plan
  • Terminology in Planning – Forecast Horizon, Buckets & Periodicity
  • Forecast Pass
  • Demand Management

 

Data Integration and Cleansing

  • It is all about the data
  • The Forecast Problem and Data collection
  • Define True Demand
  • Data challenges
     - Shipment Vs. Orders
     - Gross Demand Vs. Net Demand
  • Historical shifts in demand
  • Data filtering
  • Outliers– Identification and Correction
  • The process to Identify Outliers
  • Tolerance band
  • Methodology for outlier correction

 

Stat Modeling and AI-driven Planning

  • Demand Modeling
  • Key components of demand
  • Additive Vs. Multiplicative Seasonality in Models
  • Modeling by decomposition
  • Introduction to Forecast Modeling
  • Qualities of a good statistical forecast
  • Balancing between Model Fit Vs. Model Robustness
  • Uni-Variate Time Series vs. Multi-Variate methods
  • Moving Average
  • AI-driven Planning and Expert Models
  • Introduction to Planvida

 

Advanced smoothing models

  • First Order Exponential Smoothing
  • Holt Models to accommodate the trend
  • Holt-Winters Model
  • Exponential Trend and Dampening
  • Interaction between components

 

Modeling special cases of Demand Product Life Cycle & Long-term Planning 

  • Product Lifecycle and trend • Launch Forecasting • Volume effect on line extension
  • Event Modeling
    Baseline vs. Incremental • Illustration of Event Models
  • Planning for Intermittent Demand 
    What is Intermittent Demand & what causes it? Strategies to handle intermittent demand & Statistical Models for Intermittent Demand
  • Higher-order Models

Product Portfolio Management

  • Impact of Data Volatility on Forecasting
  • Measuring Volatility
  • Impact of multiple Extreme Observations on Volatility
  • SKU Segmentation for demand modeling & inventory strategies
  • Modeling by exception
  • ABC analysis - Classification philosophy
  • Pareto analysis  based on dollar usage
  • Item criticality
  • Excess, obsolete and Slow-moving Alignment with the product lifecycle
  • Discontinuance and end of life (EOL)
  • Process flow for Segmenting SKUs
  • Example using a three-dimensional matrix; ABC / Volume / Critical / Status; the excess, obsolete impact of Segmentation on Cycle Counting and Inventory Accuracy.

 

Demand Planning Analytics toolkit

Definition of Demand Forecast Errors

  • Forecast Accuracy
  • Forecast Bias vs. Forecast Error
  • Error and Volatility Reduction
  • Errors across SKUs vs. Errors across time
  • Model Diagnostics vs Performance
     - MAD
     - MAPE vs. MPE
     - WAPE
     - Root Mean Squared Error

 

Measuring forecast performance   

  • Forecast Performance Metric
  • Forecast errors and actionability
  • Sources of Forecast Error
  • Definition of Demand Planning Metrics - WAPE & Bias
  • Types of Bias
  • SKU Mix Error
  • Error Analysis for Continuous Improvement

 

Why S&OP

  • Fragmented Planning Activities
  • – Supply chain challenges – Service, costs and inventories
  • Disparities between the Financial forecast and operational forecasts
  • Bottom Line challenges from Fragmented Planning
  • Benefits of a holistic S&OP Design
  • Core Components of SIOP
  • Consensus Demand Planning
  • Rough Cut Planning and Supply Collaboration
  • Executive Presentation
  • Demand-Supply Balancing
  • Modeling by exception

 

Please use the below form for Workshop Registration. You will receive a Registration Confirmation on the email provided along with an invoice to make a payment and book your seat for the Workshop.

Workshop Pricing

  1. Cost per Person: INR 39,000 plus applicable GST.
  2. Parties of three or more will be offered a group discount. Please contact us for the pricing at services@demandplanning.net.

Workshop costs include two days of interactive learning, breakfast, lunch, and refreshment breaks. Attendees are responsible for their accommodation at the Vivanta by Taj (Blue Diamond) in Pune and can avail discounted room pricing for the workshop.

Venue

Hotel: Vivanta by Taj, Pune (Blue Diamond)

Address: 11, Koregaon Rd, Koregaon Park, Pune, Maharashtra 411001

Phone Number: 020 6602 5555.

 

Please contact us with any questions at services@demandplanning.net, or call us at +918261965734.

You can read our Terms of Services, Refund Policy and Privacy Policy here.

 

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