24 Mar 2020 Tuesday 1:00 PM - 7:00 PM
18 J. Abad Santos St.
Quezon City, Philippines
Accurate Forecasting for Inventory Control is a vital step to keep inventory levels at the most efficient level. We need to make decisions today based on our calculations of our need in the next few hours, days, weeks and even months in the future. It is necessary to make an accurate forecast for effective inventory control..
Without an estimate of the future, it is not possible to plan for the level of activity to be expected, the amount of stocks required, and the manpower and other resources needed to achieve the organization's goals.
The forecast indicates the resources that need to be designed, planned, acquired and controlled to deliver the product or service we have promised.
Forecasting for Inventory control, while it may seem like an art, is the science-based activity of controlling the amount of inventory you already have in your warehouse. To control the amount of inventory, it is clearly necessary to accurately forecast the level of future demand.
This workshop will teach you the tools and techniques to understand the demand for your product or service, create a forecast and plan and control the inventory levels that your organization needs to operate profitably.
Who should attend this Seminar?
- Staff who need to monitor forecasts and inventory levels
- Team Leaders
- Managers and Supervisors
Objectives of the Forecasting for Inventory Control Seminar
This workshop will teach you the tools and techniques to do the following:
- Understand the demand for your product or service
- Create an annual, monthly and weekly forecast and
- Plan and Control your inventory levels effectively
Key Topics Covered in Forecasting for Inventory Control Seminar
- The Importance of Forecasting
- The Elements of a Good Forecast
- Understanding your Demand Pattern
- Independent and Dependent Demand
- Demand Forecasting (Why you cannot forecast sales)
- Qualitative Methods for Creating the Sales or Production Target
- Delphi Technique
- Jury of Executive Opinion
- Sales Force Composite
- Time Series Forecasting Techniques
- Linear Regression
- Forecasting with Seasonal Adjustments
- Creating a Annual, Quarterly, and Monthly Forecast
- Smoothing Techniques
- Naïve Forecasting
- Moving Average
- Analysing Data for Trends
- Exponential Smoothing
- Choosing the Best Forecast through Forecast Error Analysis
- Forecasting using Excel's Forecast Sheet
- Prediction Intervals
- Confidence Intervals
- Worked Examples
Instructor Marco Rafael Z. Pefianco was under the mentorship of 'RMP' the late Engineer Rafael M. Pefianco, since 2017, learning advanced engineering techniques in Warehouse Management, Lean and Six Sigma, Purchasing and Operations Management.
Under the tutelage of RMP Consultancy, he has gained vast amounts of experience, teaching and coaching in plants and companies like EPSON, MAN Trucks and Buses, MERALCO MSERV, among others. He has also had chances to do research projects internationally, most recently in Ho Chi Minh University in Vietnam. Marco is also a Freelance Writer and vocalist, with sideline projects in Creative Writing and Choral Music, respectively.
Php 7,000.00 + 12% VAT per person
Payment must be made 5 working days prior the seminar date.
You can deposit your payment to any BPI (Bank of the Philippine Islands) branch.
Account Name: RMP Consultancy
Account# 3150 0022 05
For Expanded Withholding Tax - Please provide BIR FORM 2307
PLEASE BE INFORMED THERE WILL BE AN ADDITIONAL PHP 300 TO COVER BANK CHARGES AND OTHER FEES.
For Zero Vat Rated Enterprises (LOCAL - Philippines)
Kindly provide us with a copy of your Zero Rated Vat Registration.
Cancellation of Attendance must be made 3 days prior the seminar date. Strict NO REFUND/RESCHEDULE Policy after this period. 50% Cancellation penalty applies.
Included in the Course Fee
- Certificate of Attendance
- AM and PM Snacks
- Free flowing Coffee
- Comprehensive Training Manual
Register for the Seminar
Please Contact Claire or Marco
Landlines: Tel (632) 8697-0767, Tel (632) 8372-4563
Mobile (Globe) 0917-882-5578, Mobile (Smart) 0918-937-3455
Or you can write an email to us and send it to: