CERTIFIED BUSINESS PLANNING & FORECASTING PROFESSIONAL

NAME OF THE COURSE
BUSINESS PLANNING & FORECASTING 
 
CERTIFICATION
CERTIFIED BUSINESS PLANNING & FORECASTING PROFESSIONAL
 
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.  
 
TRAINING DURATION
Total Training Hours: 22 Hours
Training Duration: 1 Week
Total Training Days: 4-5 Working Days
 
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
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
  • (Level 2) Supervisor, Executive, & Emerging Managers
  • (Level 3) New Managers
  • (Level 4) Managers
 
COURSE BENEFITS
  • Understand the principles of planning & forecasting
  • Have an overarching understanding of various forecasting techniques
  • Understand the key components of the forecasting process and their respective contributions.
 
COURSE OUTLINE
Introduction to Business Planning and Forecasting
  • Introduction
  • Need for planning and forecasting
  • Supply Chain Flow and Product Hierarchy
  • The 4 Ws of the Forecasting Process
  • Introduction to Forecasting Techniques
  • Introduction to Business Planning and Forecasting Recap
 
Introduction to Data Cleansing
  • Detecting Outliers
  • Statistical Outliers
  • Business Event Outliers
  • Correcting Outliers
  • Outlier Detection and Correction Using excel
  • Data Cleansing Recap
 
Simple Forecasting Models
  • Simple Methods and Their Utility
  • Introduction to Simple Moving Average
  • The Same As Last Year
  • Simple Forecasting Models Recap
  • Exponential Smoothing
 
Introduction to Exponential Smoothing
  • Exponential Smoothing Family
  • Understanding Additive and Multiplicative Seasonality
  • Smoothing Constants
  • Importance of data length
  • Exponential Smoothing – Pros and Cons
  • Choosing the Right Exponential Smoothing Model
  • Exponential Smoothing – Examples and Computations
 
Intermittent & Discrete Data Models
  • Intermittent Demand Series
  • Reading Croston’s Intermittent Demand
  • Pros and Cons of Croston’s Intermittent Data Model
  • Discrete Data Series
  • Error Measurement
 
Introduction to Error and Improvement Measurement
  • The measure of Model Fitment R – Squared
  • Behavioural Measure Bias
  • Popular Quantitative Measures
  • Process Measure Forecast Value Add
  • Analysing the Error & Error Measurement Recap
 
New Product Forecasting Using Machine Learning
  • Introduction
  • Need & Challenges Of New Product
  • New Product Classification
  • Types of New Product Forecasting
  • Forecasting by Analogy
  • Similar Product Selection by Machine Learning
 
Best Product Pick
  • Forecasting for new to the world product
  • Planning Function & Process
  • Introduction to Planning Function
  • Key objectives and best practices
  • Key planner skills and success commandments
  • Functional roles and responsibilities
  • Consensus process and forecast cycle
  • Top-Down approach
  • Using POS and Syndicated Data