Principles of Demand Forecasting

Bespoke course for demand and supply planners and inventory managers

About the course

Our bespoke course teaches you how to do demand planning using your software.

Two-day course

The course will be delivered over two days at your company's premises.

Real life examples

Examples are based on real life data and will be relevant to your problems.

Delivered by professionals

The course is delivered by leading experts in the field of forecasting, members of the CMAF and their colleagues.

Interested? Email us to enquire about the course.

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Data analyst looking at a data visualisation

Key features

  • We teach forecasting fundamentals. You will learn how to address real life problems, not just how to operate your software.
  • We show how to solve problems in your software. You will understand which parameters are appropriate for different problems and how models can help you improve your operations.
  • We know practicalities of forecasting. This forecasting course is not taught in a vacuum; we know what problems you might face in practice and how they can be solved.
  • Forecasting and beyond. It is not only about forecasting. We also explain how forecasting translates into demand planning and inventory management.

Who is the course for?

Course content

The topics for the course will be selected from the list below, depending on your company needs and preferences.

A summary of course content Accordion

Learning outcomes

By doing this course you will be able to:

  • Understand how forecasting models work;
  • Understand what parameters of models mean;
  • Analyse time series structure;
  • Identify time series components;
  • Produce point forecasts and prediction intervals for any time series;
  • Evaluate the accuracy of different forecasting methods;
  • Make relevant managerial decisions based on the point and interval forecasts.

Meet your tutors


Hear from previous attendees:

Brian Tann, Integrated Business Planning Manager at Arco

Fantastic course. It explained clearly how forecasting algorithms work and how to apply them in practice. It has provided us with the foundations to make a step change in our forecasting processes.

Eric Ling: Head Of Forecasting, Supply Division of Howdens Joinery Ltd

Following on from an audit that the team from Lancaster University conducted for us on how we were using SAP APO Demand Planning, they developed a tailored workshop for our entire Forecasting Team on Statistical Forecast Modelling Techniques.

Course prerequisites

Basic understanding of MS Excel. The rest will be covered in the course.

  • You are not required to know anything about forecasting - we will teach you;
  • You are not expected to know mathematics or statistics - we will explain the essentials without diving into complicated formulae;
  • You do not need to be an MS Excel expert - we will support you.

Questions and Answers

Questions and answers about the course Accordion

How to participate

In order for the course to run, we need to have at least 6 participants. Email us and we will discuss practicalities.

Email us

Get in touch

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