Forecasting Techniques for Slow and Rapidly Changing Demand

via edX

Overview

Discover the art of navigating uncertainties in consumer behavior and product availability due to supply shortages, pandemics, and geopolitical issues through the "Forecasting Techniques for Slow and Rapidly Changing Demand" course provided by edX. Recognize the limitations of traditional forecasting methods that rely solely on historical sales data, which may not suit the complexities of today's market scenarios.

Join a rising demand for adept Demand Planners who are skilled, critical in thinking, and flexible, with a broad perspective integral for today's dynamic environment. This course enables you to reassess the suitability of traditional forecasting techniques against modern challenges and introduces you to advanced methodologies suitable for various product life cycles.

Gain proficiency in using causal and judgmental techniques, market research, statistical methods, and recent customer orders to enhance your forecasting skills. Learn to filter relevant from non-relevant data effectively and understand how to offset the repercussions of low forecast accuracy on demand planning, inventory management, and profitability.

Upon completion, participants, as part of the edX Professional Certificate program, emerge as Certified Forecasters and Demand Planners (CFDP), equipped to select appropriate forecasting methods for different data patterns and enhance forecast performance using advanced technologies like Machine Learning and Lean Six Sigma principles.

CFDP certified professionals are highly sought after globally in strategic decision-making roles, possessing the capability to forecast demand across varied conditions – be it slow, rapid, seasonal, intermittent, or for new products. To earn the ISCEA Certified Forecaster and Demand Planner (CFDP) designation, candidates must complete all required courses and pass the CFDP Exam.

Enroll now in this comprehensive course under categories such as Machine Learning Courses, Data Analysis Courses, and Supply Chain Courses, and step towards becoming a pivotal asset in forecast and demand planning across industries.