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Introduction to forecasting techniques and inventory management

Overview

Introduction to forecasting techniques and inventory management 

CPDUnderstand how to identify potential future demand so you can make efficient inventory management decisions

 

By the end of this course you will be able to:

  • Make your demand forecasts more accurate and more useful
  • Understand different forecasting methods, including the basic techniques as well as some of the more complex models
  • Produce demand forecasts more efficiently
  • Use your knowledge of potential future demand to keep your level of inventory right, improving stock availability, creating cost efficiencies and reducing obsolescence
  • Establish your overall inventory management policy and management framework
  • Address any day-to-day problems that can occur.

 

Early bird booking available - see 'fee' tab for details.

Date: Thursday 22 March 2018
Venue: De Vere Colmore Gate
Fee: Members - £243.00 per person
  Non-members - £270.00 per person

Availability:

15 Places left - Booking ends on Wednesday 14 March 2018

Audience

Is it right for me?

 

This practical one-day course is designed to support decision making and provide you with tools and techniques to use in the workplace. In order to make efficient decisions with regard to inventory management it is essential to have an understanding of potential future demand.  This course aims to provide learners with more confidence and an ability to evidence those decisions. 

Programme

What key points will the training cover?

 

  • Basic definitions
  • Fundamental relationships
  • Essential forecasting techniques to support inventory management decisions
  • Replenishment methods and systems
  • Risk, quality and costs
  • Applying moving averages and exponential smoothing

Speakers

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.

Fee

Member: £270 (excl. VAT)

Non-member: £300 (excl. VAT)

 

Early bird booking:
Make your booking early and receive a 10% discount on the standard price (above).

Conditions apply.  See 'venue' tab for individual closing dates.

 

Fee includes:

Lunch, refreshments and all course materials

 

Inclusive e-learning:

Techniques for ordering supplies

Venue

22 March 2018
De Vere Colmore Gate, Birmingham
(Early bird closing date: 19 January 2018)

 

25 September 2018
Novotel Wembley, London
(Early bird closing date: 27 July 2018)

 

If you require accommodation for the night before this event, please contact the CIPS Accommodation Line on +44 (0)1780 484052.  All accounts must be settled in full on departure from the venue.

If your query is regarding course details (content, timings, costs, etc.), please contact events@cips.org or call +44 (0)1780 756777.

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