NAME OF THE COURSE |
BUSINESS PLANNING & FORECASTING |
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CERTIFICATION |
CERTIFIED BUSINESS PLANNING & FORECASTING PROFESSIONAL |
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COURSE OVERVIEW |
This course aims to help the aspiring business planner better understand the role’s functional requirements and the current demand planner better use advanced forecasting software. This course tackles demand planning from a business point of view and subsequently does not cover the mathematical derivations of the models involved. |
This is a comprehensive business planning and forecasting course that covers both qualitative and quantitative aspects such as the planning process and forecasting techniques. |
The course has been designed by industry professionals with global work experience. The course will help you apply the learning in real business situations. The design is less academic and more business-oriented. |
This course is suitable for planning professionals looking to sharpen their skills as well as students and others who aspire to become business planning professionals. |
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TRAINING DURATION |
Total Training Hours: 22 Hours |
Training Duration: 1 Week |
Total Training Days: 4-5 Working Days |
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TRAINING SCHEDULE |
Weekdays (Sunday to Thursday) |
Regular Sessions : 4 – 6 Hrs Per day (9 am to 2 pm or 3.00pm to 9.00 pm) |
Food & refreshments Included |
Weekends (Friday & Saturday) |
Fast Track Sessions: 8 Hours per day (9 am to 5 pm) |
Food & refreshments Included |
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CERTIFICATION |
Globally recognized certificate from “Kings Global Career Academy” |
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TEST |
No |
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LEARNING AIDS |
Yes |
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COURSE MATERIAL |
Hard & Soft Copies of Study Material |
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LANGUAGE OF INSTRUCTION |
English |
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INSTRUCTOR HELPLINE |
Yes |
1. Email |
2. Social Media (For Emergency requirements) |
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REGISTRATION REQUIREMENTS |
1. Passport Copy |
2. Curriculum Vitae |
3. Passport size photographs |
4. Course Fee |
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MODE OF PAYMENT |
Cash / Cheque / Credit Card / Bank Transfer. |
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ELIGIBILITY |
- (Level 2) Supervisor, Executive, & Emerging Managers
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COURSE BENEFITS |
- Understand the principles of planning & forecasting
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- Have an overarching understanding of various forecasting techniques
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- Understand the key components of the forecasting process and their respective contributions.
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COURSE OUTLINE |
Introduction to Business Planning and Forecasting |
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- Need for planning and forecasting
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- Supply Chain Flow and Product Hierarchy
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- The 4 Ws of the Forecasting Process
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- Introduction to Forecasting Techniques
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- Introduction to Business Planning and Forecasting Recap
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Introduction to Data Cleansing |
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- Outlier Detection and Correction Using excel
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Simple Forecasting Models |
- Simple Methods and Their Utility
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- Introduction to Simple Moving Average
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- Simple Forecasting Models Recap
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Introduction to Exponential Smoothing |
- Exponential Smoothing Family
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- Understanding Additive and Multiplicative Seasonality
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- Importance of data length
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- Exponential Smoothing – Pros and Cons
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- Choosing the Right Exponential Smoothing Model
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- Exponential Smoothing – Examples and Computations
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Intermittent & Discrete Data Models |
- Intermittent Demand Series
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- Reading Croston’s Intermittent Demand
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- Pros and Cons of Croston’s Intermittent Data Model
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Introduction to Error and Improvement Measurement |
- The measure of Model Fitment R – Squared
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- Popular Quantitative Measures
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- Process Measure Forecast Value Add
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- Analysing the Error & Error Measurement Recap
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New Product Forecasting Using Machine Learning |
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- Need & Challenges Of New Product
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- New Product Classification
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- Types of New Product Forecasting
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- Similar Product Selection by Machine Learning
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Best Product Pick |
- Forecasting for new to the world product
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- Planning Function & Process
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- Introduction to Planning Function
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- Key objectives and best practices
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- Key planner skills and success commandments
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- Functional roles and responsibilities
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- Consensus process and forecast cycle
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- Using POS and Syndicated Data
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