The Ultimate Demand Management Chords

Course overview

A cross-functional method of demand forecasting is called demand planning. It is the provision of goods while reducing surplus inventory. Preventing disruptions in the supply chain is one way to ensure that consumers’ wants and requests are met by the products. The availability of sufficient inventory to satisfy client demand is the ultimate aim of demand management. Moreover, to accomplish this without having an overwhelming excess. Profitability, customer satisfaction, and efficiency all rise as a result of this.

What roles does demand management play?

Demand management necessitates, among other things, conforming to past sales data, consumer trends, and seasonality information. It also considers how demand is impacted by situations that are always shifting. Regulatory modifications, economic upheavals, labor force fluctuations, weather patterns, natural disasters, and world crises are a few of these variables. Demand planning should therefore be an ongoing procedure that is integrated into your company’s operations. Organizations with high aspirations need to properly prepare for it.

What is the current process for managing demand?

The majority of companies and operations are now digital. Demand and supply chain planning work in the same way. Real-time forecasting, lean inventory keeping, and successfully matching demand are now achievable thanks to developments in machine learning inside the supply chain.

With the help of this Training Bee training course, you will have a solid understanding of the fundamentals of demand planning and its significance in supply chain management. You will acquire thorough knowledge and understanding of all relevant topics by enrolling in this course.

This Training Bee course will outline the finest techniques that businesses are utilizing today and provide you with an understanding of the success factors and principles of demand planning. You’ll be able to recognize the necessary personnel, tools, and business processes that are needed to guarantee an effective and successful demand planning operation.

Professionals taking this course will also aim to learn and comprehend the application of digital enterprise architectures. You’ll discover how to put machine learning and artificial intelligence into practice to maximize a lean, data-driven strategy. This will assist you in finding fresh approaches to reduce operating expenses, increase income, and provide a competitive advantage.

Introduction

Welcome to the “Demand Management Training Course” – a thorough course that will give you the abilities, know-how, and tactics you need to successfully negotiate the complex world of demand planning and management. Professionals looking to advance their knowledge in achieving operational excellence, adapting to changing market needs, and optimizing organizational processes are the target audience for this course.

The main requirements for participants are critical thinking, active involvement, and a willingness to interact with the course material. The intention is to provide you with useful knowledge and abilities that you may use right away in your professional capacity.

Our goal as we start this educational journey together is to provide you the skills and knowledge required to become an expert in demand management. Together, we can develop your skills and add to your organization’s success.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Learning Objectives

Upon completing Masterclass in Demand Management, participants will be able to:

• Thorough familiarity with and comprehension of demand management and planning
• The necessary expertise and understanding to precisely foresee and plan
• Understanding how much inventory is necessary to meet demand from customers
• Knowing how to avoid shortages and how much money to spend on creating and keeping excess inventory
• The necessary self-assurance and expertise to participate in creating a successful inventory management plan
• The necessary knowledge, techniques, and strategies to select the most appropriate planning method
• Assist the organization in reaping the greatest rewards.

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This Masterclass in Demand Management training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• What does demand management mean in terms of how businesses operate?
• Describe the significance of demand forecasting for efficient demand management.
• List and explain at least three variables that may affect consumer demand for a good or service.
• Please list two tools or methods that are frequently utilized in demand planning. Give a succinct explanation of each and its appropriate use.
• Talk about how crucial it is to incorporate demand management into the supply chain as a whole. What is the impact of this integration on operational effectiveness?

Course Modules

This Masterclass in Demand Management covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – Overview of Demand Management

• Synopsis of Demand Scheduling
• The Meaning of Demand
• Origins of Need
• What Demand Management Is Definition
• Client of the Demand Program
• Advantages of Scheduling

Module 2 – The Demand Planning Organization’s Function

• Demand Planners: Position, Accountabilities, and Anticipations
• Management of demand in the supply chain
• Features and actions of an effective demand planning process
• Integration with the role of planning and control
• Principles, Examples, and Best Practices

Module 3 – In the Supply Chain, Demand

• Knowledge of the Supply Chain
• Customer Division
• Understanding the Customer’s Requirements/Needs
• Pareto Law for Product Classification Identification
• Where the Inventory Is

Module 4 – Demand-affecting factors

• Seasonality
• Competition
• Types of goods
• Geography
• Economic Shifts
• Regulatory Changes

Module 5 – Management of Demand

• Recognizing the Fundamentals of Demand Management
• Rate of Stock Turnover
• Customer Relations
• Expenses for Operating
• Assessing the Performance of Your System

Module 6 – The “pull” versus “push” theory

• Push Approach
• Pull Method
• Dual-Mode System
• Benefits and Drawbacks of the Pull System

Module 7 – Planning for Demand

• Order of Planning
• Combined Planning
• Various Demand Planning Methods
• Planning for Inventory and Maintenance
• Master Planning

Module 8 – Methods for Demand Forecasting

• DDMRP
• S&OP
• IBP

Module 9 – Overview of product lifecycle management (PLM)

• Definitions of products
• Product features to take into account when organizing
• Product management using VFQ
• Phases of a Product Lifecycle Project
• Strategies for products that are integrated into demand planning

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• Consider the ways in which you have incorporated the concepts of demand management into your company’s larger supply chain.
• Talk about a scenario where you handled the unpredictability of consumer demand with success.
• Tell us about your successful use of a demand planning tool that was introduced throughout the training. What advantages did the tool provide for your procedures related to demand management?
• Tell a success story of how several departments worked together to plan demand.
• Give an account of a time when you overcame a demand management obstacle.
• Describe the process you used to implement a customer-centric demand management strategy.

Lessons Learned

Utilizing Demand Forecasting Methods: Give an instance from your work when you used a particular course-learned demand forecasting technique. In what ways did this method help with precise demand forecasting?

Demand Management and Supply Chain Integration: Consider the ways in which you have incorporated the concepts of demand management into your company’s larger supply chain. Give an example of how better operational efficiency resulted from this integration.

Strategic Reaction to Variability in Demand: Talk about a scenario where you handled the unpredictability of consumer demand with success. In what way did you tactically adapt to unforeseen shifts in demand?

Utilizing Demand Planning Tools Effectively: Tell us about your successful use of a demand planning tool that was introduced throughout the training. What advantages did the tool provide for your procedures related to demand management?