Demand Forecasting : Principles , Models & KPIs

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Akshay Yewale

1:07:59

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1 - Introduction

1 - My Introduction.mp4

00:47

2 - Forecasting Principles

2 - Forecasting Principles.mp4

08:58

3 - Forecasting Models 1

3 - Naive Forecasting.mp4

05:48

4 - Moving Average.mp4

11:32

4 - Forecasting KPIs

5 - Forecasting KPIs Part 1.mp4

10:18

6 - Forecasting KPIs Part 2.mp4

08:28

7 - Forecasting KPIs Part 3.mp4

04:08

5 - Forecasting Model 2

8 - Exponential Smoothing.mp4

13:29

9 - Optimizing.mp4

04:31

Description

Learn about Demand Forecasting from basic to advance levels.

What You'll Learn?

Forecasting Principles
Forecasting Models
Forecasting KPIs
Optimization

Who is this for?

Want to learn Demand Forecasting - You are the right place.

What You Need to Know?

Should know Basic excel and statistics

More details

Description
In this course, I will be sharing the crux of forecasting that IÂ have learned in my CPIM ( Certified in Planning and Inventory Management ) course, MITx - Supply Chain Analytics course, Demand Analytics course - NITIE by Prof David Simchi Levi and my Industrial experience working as a Demand Planner across various MNCs.

The course will start with the basic principles of forecasting and its importance.
Also, you will learn to build models like the Naive Forecasting Method, Moving Average Forecasting Method, Weighted Average Forecasting Method, and Exponential Smoothing Forecasting Method from scratch in excel. Learning forecasting in excel is the foundation of learning forecasting in programming languages like Python and R.
Most importantly you will learn the pros and cons of all these models mentioned above. These models form the fundamentals of all advanced forecasting models.

Also, you learn about following forecasting KPIs
1. Forecast Accuracy
2. Average Bias
3. MAPE ( Mean Absolute Percentage Error)
4. MAE( Mean Absolute Error)
5. RMSE( Root Mean Square Error)

The lessons cover details of all the KPIs. Which is the right KPI for you? What is the best KPI? What are the pros and cons of all and how do calculate it? All this will be covered in the course.

You will learn about how to optimize your forecasting model in Excel using the solver tool.

Those who are planning to appear for the CPIM exam can expect 10-15 questions from this course in the exam.

I wish all the students the very best for this course. If you have any doubts feel free to reach out in the Q&A section.
After this course, I will be soon launching the advanced demand forecasting course.

Who this course is for:
Want to learn Demand Forecasting - You are the right place.

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Currently working as Senior Demand Planning Analyst in General MillsI have done Mechanical Engineering from Pune University. I have done APICS CPIM certification, Supply Chain & Demand Analytics course from NITIE, and currently pursuing Micromasters in SCM from MIT. My career path so far has been as a Demand Planner, Production Planner, Inventory Planner, and Demand Management Analyst with MNCs like Micron( Fortune 500), Tata Motors(Fortune 500), and General Mills(Fortune 500 & The Gartner Supply Chain Top 25 for 2022 ).My passion for supply chain brings me here to share my learnings with all of you.

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