Fundamentals of Forecasting & Inventory Management

Objectives

Participants will learn how to assess supply chain results to identify forecasting and inventory management opportunities, how to establish the right scorecard targets, and how to analyze supply chain performance trends leading to forecasting and inventory management solutions.

Description

Participants will learn basic Supply Chain knowledge and be able to apply the knowledge to analyze retail supply chain results for strengths and opportunities. The training positions participants to recognize business building and cost reduction ideas and to effectively work with Supply Chain professionals to deliver results. The seminar will consist of reviews of Best-In-Class supply chain results, typical capabilities to sustain those results, and pertinent supply chain scorecards. Participants will learn to assess performance against their objectives and industry benchmarks. Workshops will be focused on analyzing trends and performance to develop solutions.

Key Learning

• How the industry leading suppliers and retailers view the supply chain
• The financial impact of the end-to-end supply chain
• How to interpret Customer Service performance
• How to develop capabilities to resolve supply chain problems
• How to identify and lead improvement efforts for Forecasting and Inventory Management related solutions
• How to engage Supply Chain professionals to resolve supply chain problems
• Course application to tomorrow's business