Executive Forecasting
£795.00 + VAT
The course is designed to allow participants to link techniques with experience from the workplace. Attendees are encouraged to bring their personal examples and challenges in this area and the course will aid them to find effective improvements that can be implemented and provide a real return on the investment in this training.
1 DAY Course
Please email info@supplychainacademy.org.uk for course dates.
Overview
The need for understanding and leading change has never been greater. As organisations become leaner and more competitive, supply chains become more effective and integrated, and as information systems and communications become faster and more sophisticated it is vital that managers need to be able to lead and manage change at all levels in their organisation.
By the end of the course, participants will:
- Why businesses change
- How businesses are structured and change their structures
- How the supply chain can operate and change effectively
- How to diagnose the need for change
- How to develop the vision and the plan
- How change affects people and teams and how best to manage them through the change
- How to measure success
Session 1
Understanding Change and why it occurs
- What drives Change in Supply Chain Organisations
- Different varieties of Change
- The evolution of businesses and their structures
- Leadership for Change
- Culture and Power in Organisations
- Dealing with Conflict
- Individual and Team Change – different approaches
Session 2
Diagnosis and Preparation
- Diagnosing the need for Change
- Hard and Soft Change
- Kotter’s eight steps for Change
- Creating the Coalition
- Creating the Vision
- Creating the Plan
- Choosing the Agent for Change
Session 3
Making the Change
- Avoiding conflict and building on progress through communication and feedback.
- Managing the change at all levels, personal, team and organisational – different approaches, different strategies, Push/Pull, Levers for Change
- Monitoring and managing staff morale, consultation and team building
- Personal Transitions – how people respond to Change
- Sustaining and managing the plan
- Monitoring progress and adapting the plan
- Conclusions
Supply chains are rarely aligned to support the business strategy.
Functional teams often have competing priorities, of supply and demand. The result can be lost sales, write-downs and discounts, the additional cost to ship and warehouse excess inventory and obsolete stock.
To address this, this workshop is designed to help you produce realistic forecasts. You will develop practical forecasting skills within the context of your professional practice. You will gain a more professional approach to forecasting – incorporating better planning, analysis and interpretation. The course will give you increased confidence in the forecasts created and ultimately the performance delivered.
More effective forecasting can help your organisation to achieve better customer service at a lower cost and with less working capital. Better forecasts lead directly to improvements in availability of stock or service resources and reductions in obsolescence.
A win – win for your company and your supply chain.
By the end of this course participants will be able to:
automatically create custom forecast models
identify series that do not have acceptable forecast accuracy
refine forecast models to improve forecast accuracy
generate forecast data sets for deployment
accommodate data updates in large-scale time series data sets.
- Why forecasts are necessary
- Simple statistical techniques
- Subjective versus objective forecasting
- Advanced techniques
- Causal model
- Product segmentation for efficient forecasting
- The forecasting process
- How to improve forecast accuracy