This course provides its attendees with an overview of the different techniques used to generate demand forecasts from sales history and the means to apply these forecasts to minimize inventory investments while increasing customer satisfaction.

This course is directed to personnel with average or no knowledge of inventory management and demand forecasting techniques. It is designed for those individuals involved in optimizing their organizations’ stock levels to meet customer requirements and minimize inventory costs. The information presented proved very beneficial to Supply Chain Managers, Procurement and Purchasing Managers, Inventory Managers, etc.

Upon the successful completion of this course, you should be able to:

• Have extensive knowledge of the different forecasting techniques
  
• Be able to design full forecasting frameworks and assess their accuracy
  
• Understand the role of the different parties in the organization in demand management and ensure their proper collaboration
  
• Have extensive knowledge of the different inventory models applied in supply chain
  
• Understand the correlation between demand forecasting and inventory models