Certified Professional in Demand Forecasting

CPDF I Certification . . .

You can achieve practical understanding of demand forecasing principles and best practices by completing a professional development workshop on the Principles and Best Practices in Demand Forecasting. This is a 15 hour Instructor-led, computer-based hands-on Workshop . Upon completion you qualify to complete six (6) self-paced, e-learning computer workshops combined with self study.

To register for this industrial training workshop, visit the workshop registration page.

To register for the e-learning workshop exercises for a certification designation, after you need to have completed the CPDF I Instructor-led Workshop first..

Day 1	Time	Instructor-led Hands-on Workshop
	8:30	Registration
	9:00 AM	Part 1 - The Demand Forecasting Function in the Supply Chain What is Demand Forecasting? Demand Forecasting and the evolution of the supply chain Who will use the forecast and what are their data needs? Demand Forecasting as a structured process - the PEER model
		Workshop 1: How to Identify Drivers of Demand for New and Existing Products/Services
		Part II - Framing the Demand Forecasting Function Data exploration and predictive visualization - learning from actual examples Judging the quality of data Dealing with unusual events and outliers
		Coffee/Tea Break
		Part II - Framing the Demand Forecasting Function(Continued) What are forecasting models? Quantitative vs. qualitative approaches Evaluating forecasts and forecasting models Demand integration and reconciling the final forecast
		Computer Workshop 2: Exploring Trend and Seasonal Variation in Historical Data. Cases: Consumer Product (CPG Industry) amd Services (Tourism Industry)
		Part III - How To Use Components of a Time Series Moving averages for smoothing kinks out of data Contrasting between centered and uncentered moving averages What is the Ratio-to-Moving Average (RMA) method? Creating additive and multiplicative seasonal factors Creating projections with a decomposition technique
		Readout of Workshops 1 and 2
	PM	Lunch
		Computer Workshop 3: Creating seasonal adjustments and exploratory forecasts with the RMA Decomposition method. Cases: Automobile and Energy Industry
		Part IV - Forecasting With Exponential Smoothing Models Why use Naive forecasting techniques Types of smoothing weights Forecasting profiles for exponential smoothing Applying univariate time series techniques Handling special events with exponential smoothing models Creating scenario forecasts Product life cycle and technique selection
		Computer Workshop 4: Forecasting With Trend/Seasonal models. Cases: Ice Cream and Tourism Data
		Coffee/Tea Break
		Computer Workshop 4 (cont'd): Creating Rolling Forecasts with Hold-out Samples
		Readout of Workshops 3 and 4
Day 2
	8:30 AM	Recap of Day 1
		Part V - How To Measure Forecast Accuracy Basis of accuracy measurement: bias and precision Forecasting errors vs. forecasting accuracy Overcoming the myth of the MAPE Goodness of fit vs. forecasting performance Costs of inaccurate forecasts Waterfall charts and accuracy measurement
		Computer Workshop 5: Root Cause Analysis and Exception Reporting. Case: Motorcycle Industry
		Coffee/Tea Break
		Part VI - Graphical Tools for Forecast Process Improvement Ladder charts for monitoring forecast model results Prediction-realization diagram and the business cycle Prediction intervals and predictive visualization for time series forecasts Creating tracking signals - Trigg's tracking signal
		Computer Workshop 6: How to Visually Track and Monitor Forecasting Performance
		Readout of Workshops 5 and 6
	PM	Lunch
		Part VII - Practical Uses of Forecast Modeling Marketing - advertising and promotion planning Sales - pricing and easticities Operations - safety stock and inventory planning Finance - rolling forecasts for budgeting
		Computer Workshop 7: Simulating a Demand Forecasting Work Cycle - Case: Consumer Electronics Industry
		Coffee/Tea Break
		Part VIII - Implementing a Demand Forecasting Process With an Integrated Business Planning Process Successful implementation strategies Integration with the supply chain Sales & Operations (S&OP) planning Best-in-breed demand management The GLOBL Case: Simulating a Forecasting Work Cycle
		Review and Open Questions Workshop Takeaways Closing Remarks

After you complete this two-day instructor-led workshop, and wish to earn CPDF I certification,, you will need to complete six (6) self-paced computer workshop exercises, re-enforcing the management principles, forecasting methods and best practices used by demand forecasters worldwide under the direction of a CPDF Team Leader. Upon completion of this phase your CPDF designation will help you stay competitive while enhancing your professionalism and career opportunities.

Workshop	Self-paced, e-Learning Computer Workshops for CPDF I Certification
8	Identifying Users for Demand Forecasts
9	Investigating Drivers of Demand for New and Existing Products/Services
10	Characterizing Demand Variation
11	Creating a Seasonal Decomposition and Using Seasonal Adjustments
12	Using ETS State Space Models for Trend/Seasonal Forecasting
13	Analyzing Forecasting Performance with Outlier-Resistant Forecast Error Measurements