Training Courses (UK)


Operational

Forecasting techniques and inventory management

Tuesday, 8 December 2020 - BIRMINGHAM

£720

non-member £800
Forecasting techniques and inventory management
13 Places Left Booking ends: 1 Dec 2020

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


By the end of this course you will be able to:
• Explain the rationale for forecasting and some of the limitations
• Demonstrate a 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
• Understand the costs associated with stock holding
• Better understand the material requirements planning process


This is a two-day training course.


Please note: price above includes any early bird discount (if applied).
Contact ukskills@cips.org for specific closing dates for early bird booking.


Accommodation
If you require accommodation for the night prior to this training course, please contact the CIPS Accommodation Service on +44 (0) 1780 484052 or email cips@trinityeventsolutions.co.uk

    Audience

    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.

    Programme

    What key points will the training cover?


    • Elementary and advanced forecasting approaches and techniques
    • Forecasting process
    • The role & fundamentals of inventory
    • Replenishment methods, systems and variations
    • Management of inventory
    • The review cycle


    Course fee includes:

    •Lunch
    •Refreshments
    •Course materials

    Speakers

    CIPS Direct Associates

    CIPS Direct Associates are appointed for their extensive knowledge and experience in the procurement and supply sector.  The tutor for this course has been specially selected for their particular skills and expertise in the subject area. This is a crucial part of CIPS ongoing commitment to ensure all of our delegates have a high-quality, informative and enjoyable learning experience.

    Venue

    Tuesday 8 Dec - BIRMINGHAM

    De Vere Colmore Gate
    5th and 7th Floor Colmore Gate
    Colmore Row
    BIRMINGHAM
    West Midlands
    B3 2QD
    UNITED KINGDOM
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