Cuesys Infotech :: Consulting | Corporate Training

Program Overview
Program Objectives

The Forecasting Techniques & Inventory Management training course is designed to support decision making and provide delegates with tools and techniques to use in the workplace. In order to make efficient decisions with regard to inventory management it is essential to have an understanding of potential future demand. This course aims to provide learners with more confidence and an ability to evidence those decisions.

By attending Forecasting Techniques & Inventory Management workshop, Participants will learn to:

Make demand forecasts more accurate and more useful
Understand different forecasting methods, including the basic techniques as well as some of the more complex models
Produce demand forcasts more efficiently
Use knowledge of potential future demand to keep level of inventory right, improving stock availability, creating cost efficiencies and reducing obsolescence
Establish overall inventory management policy and management framework
Address any day-to-day problems that can occur

forecasting techniques & inventory management

COURSE AGENDA

Replenishment methods and systems

Essential forecasting techniques to support inventory management decisions

Fundamental relationships

Basic definitions

Risk, quality and costs

Applying moving averages and exponential smoothing