Course Overview

Introduction to Forecasting (Basic Level — Forecasting Principles and Best Practices):

  1. Establish a framework for demand forecasting in the supply chain
  2. Introduce a four-step process for streamlining the forecasting cycle
  3. Define, interpret, visualize major demand forecasting techniques.
  4. Identify appropriate accuracy measures for evaluating demand forecasting methods and models.
  5. Complement established approaches with non-traditional methods in forecasting model development and evaluation
  6. Each Level of the CPDF program consists of both instructor-led workshop training hours, and independent hours to be accomplished through self-paced e-learning environment.

IIF | CPDF I | Certificate in Demand Forecasting Practice

Study Options
Skill Level
Certification Type
Institution
  • WHY YOU SHOULD ATTEND

    What is The CPDF®?

    This is a certification program for demand forecasters and planners working in supply chain industries. The International Institute of Forecasters (IIF), a thirty-four year-old non-profit membership organization whose purpose is to advance knowledge and research in forecasting, has endorsed it. The CPDF program is a 200 hours curriculum comprised of three modules, Basic, Master and Pro. Certification can be earned at each of the three levels. The CPDF qualification will address multidimensional job roles in demand forecasting such as data display and validation, database management, dashboard display, understanding quantitative and qualitative projection techniques, model creation and execution, forecast accuracy measurement, model and forecaster performance analysis, organization, and collaborative planning.

     

    WHY STUDY WITH US?

    1. International trainers
    2. Trainers have long and global experience in demand management and forecasting.
    3. High quality and excellent style of delivery with participative debate and discussion, case studies.
    4. E-learning service through a unique Online Web Platform designed exclusively for CPDF Students.
    5. 100% Student pass rate, endorsed by past and present students in the region.
    6. Abilities to enhance local demand date with international experience and theories.
    7. Interchange demand forecasting experience management with local culture and knowledge.

     

    Each Level of the CPDF program consists of both instructor-led workshop training hours, and independent hours to be accomplished through self-paced e-learning environment.

     

    Get started today!

  • COURSE OPTIONS

    Public Classes | In-house customised sessions 

  • BOOK YOUR SEAT

    Booking or email us

  • WHO SHOULD ATTEND

    This workshop will benefit practitioners in all industries specifically with the following job responsibilities:

    • Demand Forecasters
    • Supply Chain Managers
    • Demand Planners
    • Supply Planners
    • Production Managers
    • Operations Managers
    • Financial Analysts
    • Market Analysts
    • Researchers
  • COURSE OUTLINE

    Day 1

    Part 0 - Pre-course Computer Workshop

     

    Part I - Demand Forecasting in the Supply Chain

    • What is demand forecasting?
    • Demand Forecasting and the evolution of Supply Chain
    • Who will use the forecast and what are their data needs?
    • Forecasting as a structured process– The PEER Model
    •  

    Workshop 1: Uncovering Drivers of Demand for New Product/ Services Forecasting

     

    Part II - Framing the Demand Forecasting Job

    • Data exploration– Learning from actual examples
    • Judging the quality of data
    • Handling unusual events and outliers
    • What are forecasting models?- Quantitative vs. qualitative methods 
    • Evaluating forecasts and forecasting models
    • Combining and reconciling the final forecast

     

    Workshop 2: Exploring Trend and Seasonal Variation.

    Cases: Ice Cream and Tourism

     

    Industry Part III - How To Use Components of a Time Series

    • Moving averages for smoothing kinks out of data
    • Finding the lift in promotions with moving medians
    • Identifying day-of-week effects through ANOVA methods
    • Creating additive and multiplicative seasonal factors
    • Seasonal adjustment of time series

     

    Workshop 3: Creating Projections with the RMA Decomposition Technique. Cases: Automobile and Energy Industry

     

    Part IV – Forecasting with Exponential Smoothing Models

    • Why use Naïve forecasting techniques?
    • Types of smoothing weights
    • Forecasting profiles for exponential smoothing
    • Applying univariate time series techniques
    • Handling special events with exponential smoothing models
    • Scenario forecast
    • Product lifecycle

     

    Workshop 4: Forecasting with Short-term Forecasting Models : State Space Forecasting Applications

     

    Day 2

     

    Part V – Measuring Forecast Accuracy

    • Basis of accuracy measurement: Bias and Precision
    • Forecasting accuracy vs. forecasting errors
    • Goodness of fit versus forecast performance
    • Cost of inaccurate forecasts
    • Waterfall charts and accuracy measurement

     

    Workshop 5: Root Cause Analysis and Exception Reporting.

    Case: Motorcycle Industry

     

    Part VI – Tracking Tools

    • Ladder chart for monitoring forecast model results
    • Prediction-Realization Diagram and the business cycle
    • Prediction intervals for time series forecasts
    • Cumulative tracking signals– Trigg’s tracking signal

     

    Workshop 6: Creating a Time-Phased Order Forecast for Replenishment Planning

     

    Part VII - Practical Uses of the Forecast

    • Marketing – Promotion planning
    • Sales– Pricing: Elasticities
    • Operations – Safety stock and inventory forecasting
    • Finance – Rolling forecasts

     

    Workshop 07: Simulated Forecasting Work Cycle.

    Case - Consumer Electronics Industry

     

    Part VIII - Implementing a Forecasting Process

    • Successful Implementation Strategies
    • Integration with Supply Chain
    • Sales and Operations Planning (S&OP)
    • Best-in-breed demand management
  • ENTRY REQUIREMENTS

    • Degree or Job experience
    • Reasonable experience in MS Excel
    • Acceptable level of English language
  • CERTIFICATION

    IIF: International Institute of Forecasting - CDPF 1 Certificate

  • ASSESSMENT METHOD

    • Full attendance of hands-on workshops is required
    • Successful submission of required worksheets through e-learning system

     

    CPDF is not a test-based program.It’s a hand-on workshop.

    Please bring your own laptops to run the computer exercises!!

  • DURATION & DELIVERY

    • FACILITATED:
      • 16 hours facilitated sessions | 2 Full days | 08:00 - 16:30
      • 75 hours, 6 worksheets e-learning
      • Content slide manual
  • OTHER COURSES YOU MAY BE INTERESTED

    • CPDF II - Forecasting Methods and Performance Measurement (IIF)
    • CPDF III - Agile Forecasting Through Forecast Collaboration and Process Integration (IIF)
    • CDDP - Certified Demand Driven Planner (DDI)
    • CDDP - Certified Demand Driven Leader (DDI)
  • DATE AND VENUE

    Johannesburg and Cape Town | 2 Full day sessions |  08:00 – 15:00

    Dates: 

    • Available on request

Address

PO Box 153 | Bergbron | Johannesburg | Gauteng | South Africa | 1712 

Contact

info@end2endsc.co.za

+27 83 460 1175

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