Forecasting 101®
an
interactive, applied workshop that is focused on accuracy
and
finding the right balance between art and science.
Topics
Forecasting
101 is intended to provide a baseline understanding of the
activities and considerations that are involved in the forecasting
and replenishment of goods and services to customers.
Participants will learn about the various elements
that affect the history, the present and the future outcome
of SKUs forecasted: various
components and fundamentals of forecasting and replenishment,
the environment, the structure and coordination of the retail
organization. Participants
will be exposed to business considerations / challenges and
major industry trends. They will be able to leverage this knowledge
regardless back on the job, through the technology available
to them and in their other daily activities.
TEC’s
workshop topics include:
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The
forecasting process at your organization |
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Elements used in forecasting |
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Historical Data |
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Present Conditions |
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Future Conditions |
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Maintaining accurate forecasts |
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Roles and responsibilities |
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The role of technology |
Length of Workshop
Approximately
two days for the base course, and may vary depending on client
customization.
Recommended
Audience
Designed
for retail associates involved in the forecasting of merchandise
sales of goods and services.
Recommended
Class Size
Twelve
to fifteen participants.
Participant
Materials
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Workbook |
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Retail
Glossary |
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Exercise
scenarios |
Optional Services
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Customized
Glossary |
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Roles
and responsibilities as defined by your retail organization |
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Your
specific technological systems |
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Course
Evaluation for Reaction & Planned Action, Learning,
Application, and Business Impact
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