Demand Forecasting and Production Planning

Objectives:

• Understand the principles and methods of demand forecasting.
• Learn how to integrate demand forecasting into production planning.
• Develop skills to adjust production schedules based on forecasted demand.
• Analyze the impact of demand forecasting on inventory management and production efficiency.

Demand Forecasting Techniques

• Overview of demand forecasting and its importance
• Qualitative vs. quantitative forecasting methods
• Time series analysis and trend forecasting
• Causal models and their application in demand forecasting
• Forecasting accuracy and error measurement

Production Planning Fundamentals

• Introduction to production planning concepts
• Role of production planning in manufacturing operations
• Key elements of an effective production plan
• Relationship between production planning and demand forecasting
• Tools and software for production planning

Integrating Demand Forecasting with Production Scheduling

• Aligning production schedules with forecasted demand
• Capacity planning and resource allocation
• Balancing supply and demand fluctuations
• Managing lead times and production bottlenecks
• Case studies of successful demand forecasting integration

DATE:

1ST BATCH: 18th – 21st Mar,                                       2025    

2ND BATCH: 22nd – 25th July,                                     2025

3RD BATCH: 18th – 21th Nov,                                      2025