Training (MENA)


Forecasting Techniques & Inventory Management

Wednesday, 2 September 2020 - DUBAI

£480

CIPS Members only
12 Places Left

 

Is it right for me?
This one-day course will provide guidance on maintaining strong supplier performance, with
particular focus on the measures and performance criteria by which the suppliers will be assessed.
Delegates will understand how to set and get agreement for appropriate and workable targets.
The course will also explore how to regularly evaluate supplier performance and how to address
performance issues.

 

Understand and apply baseline forecasting concepts to better manage demand, whilst achieving the optimum balance between inventory and demand 

    Programme

    Is it right for me?

    Forecasting is a decision-making tool used by a business to help in budgeting, planning, and estimating future growth, whilst managing inventory is a critical business activity. You will gain an insight into how this can result in a positive impact both on customer satisfaction and on your bottom line. This course will provide you with the baseline knowledge and techniques to better manage your forecasting and inventory and it is suitable for the procurement professional or anyone from the wider supporting functions wishing to increase their knowledge

    By the end of the course you will be able to: 

    • Explain the rationale for forecasting and some of the limitations
    • Demonstrate knowledge of a variety of forecasting techniques
    • Apply forecasting techniques to the business environment
    • Understand the basics of stock management and how it impacts on the business and customer service
    • Be able to understand and implement different types of replenishment system
    • Better understand the material requirements planning process
    What key points will the training cover?
    • Forecasting approaches and techniques
    • Forecasting process
    • The role and fundementals of inventory
    • Replenishment methods, systems and variations
    • Management of inventory
    • The review cycle



    Venue

    Wednesday 2 Sep - DUBAI

    The H Hotel Dubai
    Sheikh Zayed Road
    DUBAI
    UNITED ARAB EMIRATES
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