Certified Forecaster and Demand Planner (CFDP)
Offered By: ISCEA via edX
Course Description
Overview
Demand planning has always been an essential process for virtually every company. But due to consumer behavior changes in recent years, improving forecasting has become a priority. That is the reason why Certified Demand Planners have never been in such high demand.
Demand management in today’s business environment is a challenging task. Disruptive events like pandemics, economic sanctions, and armed conflicts have a huge impact on both consumer behavior and goods availability. Top companies are currently recruiting Skilled Demand Planners to be able to adapt to the "new normal" conditions, and ISCEA’s Certified Forecaster and Demand Planner (CFDP) Program will place you at the center stage.
Whether you are looking to start or boost your career as an Internationally Recognized Demand planner - ISCEA’s CFDP certificate will make you stand out from the crowd. The CFDP credential is sought by recruiters worldwide because it demonstrates that you can reduce procurement, inventory control, and replenishment costs while maximizing the value from inventory management, supply chain planning, ERP, statistical forecasting, and other software investments. These goals can be achieved by improving demand forecasting processes and forecast accuracy.
When you finish this program, you will be able to help companies cope with rapidly changing demand and improve decision-making processes in the context of Strategic Planning, S&OP (Sales and Operations Planning) / IBP (Integrated Business Planning) processes, and Demand-Driven Supply Chain practices. You will also be able to develop seasonal demand forecasting and new product forecasting strategies, as well as implement a successful CPFR (Collaborative Planning, Forecasting, and Replenishment) process from the ground up.
With no prerequisites, the online courses in this Professional Certification Program will provide you with the knowledge and skills highly regarded by top companies looking to increase their profitability and remain competitive.
This Certification Program is offered by the International Supply Chain Education Alliance (ISCEA), a world-renowned and globally recognized developer of internationally recognized certification programs for supply chain professionals, including Certified Supply Chain Manager (CSCM), Certified Supply Chain Analyst (CSCA) and Certified Forecaster and Demand Planner (CFDP).
To become an ISCEA certified professional Forecaster and Demand Planner (CFDP), you must complete all three preparatory courses and successfully pass the CFDP Exam.
Syllabus
Course 1: Improving Supply Chain Performance through Demand Planning
Become a Demand Planning leader, capable of implementing and improving Sales and Operations Planning (S&OP), Integrated Business Planning (IBP) and Collaborative Planning Forecasting and Replenishment (CPFR) processes, to help top companies reduce inventory levels, stock-outs and inefficiencies, while increasing service levels and profitability for all stakeholders.
Part of the ISCEA CFDP - Certified Forecaster and Demand Planner - Internationally Recognized Certificate.
Course 2: Forecasting Techniques for Slow and Rapidly Changing Demand
Master quantitative, judgmental and causal models used to forecast seasonal, intermittent, and new product future demand. Choose the right forecasting method for all kinds of demand patterns and sales data. Learn how to deal with randomness and low forecastability; missing data, outliers, and overfitting. Separate forecasting myths from reality and mitigate the risk of inaccurate forecasts.
Part of the ISCEA CFDP - Certified Forecaster and Demand Planner - Internationally Recognized Certificate.
Course 3: Demand Management in a Demand Driven Supply Chain
Learn how a Make-and-Sell organization can become Demand-Driven through sensing demand signals, analyzing consumer demand data in real time, improving short-term forecast accuracy, and articulating an effective supply network response. By the end of the course, you will also become well versed in demand shaping and automated replenishment programs that reduce shortages and increase profitability.
Part of the ISCEA CFDP - Certified Forecaster and Demand Planner - Internationally Recognized Certificate.
Course 4: Certified Forecaster and Demand Planner - CFDP - Certification Exam
The CFDP Exam is comprised of 70 questions an problems to be solved in 2 hours. The passing score for the exam is 70%. The exam is designed to allow the learner to demonstrate deep understanding of all practices, topics, definitions, and strategies embedded within the CFDP Program. Passing the CFDP Exam demonstrates that the learner has successfully gained industry relevant knowledge and will be recognized as an ISCEA Certified Forecaster and Demand Planner.
Courses
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This course includes the ISCEA Certified Forecaster and Demand Planner (CFDP) Exam. Upon successful completion of the exam course, you will earn both an edX course completion certificate, as well as the ISCEA Certified Forecaster and Demand Planner Certification. A passing rate of 70% on the CFDP Exam is indicative of successful completion.
Before you can take this exam, you are required to complete the three preparatory courses listed in the Certified Forecaster and Demand Planner (CFDP) program. This program will provide you with the skills and knowledge you need to be successful in the CFDP Exam.
Learners are not permitted to take the CFDP Exam course without completing all three of the preparatory courses:
CFDP01: Improving Supply Chain Performance through Demand Planning.
Knowledge assessed: Supply chain management essentials, Inventory planning fundamentals, Bullwhip effect, Introduction to sales and operations planning / integrated business planning - S&OP / IBP, Consensus, prioritization and integration with strategic planning, and Collaborative Planning, Forecasting and Replenishment - CPFR.
CFDP02: Forecasting Techniques for Slow and Rapidly Changing Demand.
Knowledge assessed: Forecasting myths, realities and challenges, Forecasting based on historical data, Seasonal demand forecasting, Intermittent demand forecasting, Judgmental and causal forecasting models, improving forecasting with Machine Learning, New product forecasting, forecast performance, impact of randomness and disruptive events in forecasts, and Improving forecasting with Lean and Six Sigma Principles.
CFDP03: Demand Management in a Demand Driven Supply Chain.
Knowledge assessed: Demand driven supply chain framework, Demand sensing, improving forecasting with POS data and demand sensing, Principles of data analysis, Supply chain response, Introduction to Demand Driven Materials Requirement Planning– DDMRP
Sign up for this fully online exam and become an ISCEA Certified Forecaster and Demand Planner - CFDP!
ISCEA, the International Supply Chain Education Alliance was the first organization on the globe certifying Supply Chain Managers - CSCM, Supply Chain Analysts - CSCA and Demand-Driven Planners - CDDP, and it remains the worldwide authoritative resource for Supply Chain career validation with thousands of certificate holders commanding top-tier salaries.
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In today’s environment where customers, needs, markets and product portfolios change rapidly; planning the future based on historical data alone is simply not good enough. Demand-driven supply chain management is less likely to be negatively affected by procurement and supply disruptions, demand variability and volatility, short product lifecycle, and frequent new product releases.
Learn how demand-driven supply chains are capable to identify customer needs and use point of sale data; sensing actual demand to provide an adequate response through demand-driven supply chain processes and providing customers with high service levels without holding high inventory levels and incurring in high fulfillment costs.
By the end of this course, that is part of the edX Professional Certificate program to become a Certified Forecaster and Demand Planner (CFDP), you will be able to apply demand-driven supply chain techniques and approaches That include: Demand sensing, demand signal management, data analysis, demand shaping, automated inventory replenishment programs, and Demand Driven Materials Requirement Planning - DDMRP.
CFDP certified professionals are globally preferred by recruiters for decision making positions because they can improve demand planning business processes, implementing collaborative practices that include both providers and retailers to integrate the global supply chain.
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Supply shortages, pandemics, military wars, trade wars, and other disruptive events have a significant impact in both consumer behaviour and product availability. Companies are becoming aware that historical sales data sets might no longer be relevant; and that the customary forecasting methods are not the best for their new current situation.
This is the reason why, demand for skilled, critical and flexible Demand Planners with broad perspective is on the rise.
In this course you will be able to decide if previously used forecasting techniques are the right ones for today's "New Normal" business environment. You will be capable of forecasting customer demand of different offerings going through different stages in their product life cycles; using causal and judgemental techniques, market research, statistical methods, time series of past sales and most recent customer orders.
You will also be able to separate relevant from non-relevant data, and mitigate the impact of low forecast accuracy in demand planning, inventory management and profitability.
By the end of this course, that is part of the edX Professional Certificate program to become a Certified Forecaster and Demand Planner (CFDP), you will be able to choose the right forecasting method for each data pattern and understand how to improve forecast performance with Machine Learning and Lean Six Sigma principles.
CFDP certified professionals are globally preferred by recruiters for decision making positions because they are capable of forecasting both slow and rapidly changing seasonal, intermittent and new product demand.
To become an ISCEA Certified Forecaster and Demand Planner (CFDP), you must complete all three preparatory courses and successfully pass the CFDP Exam.
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Demand planning has never been so critical to remain competitive in a rapidly changing business environment. Successful companies have to be sure that their demand planning processes are aligned with Supply Chain Management, Inventory Planning Strategies, Sales and Operations Planning, Integrated Business Planning, and Collaborative Planning best practices.
In this course, that is part of the edX Professional Certificate program to become a Certified Forecaster and Demand Planner (CFDP), you will learn how demand planning can improve supply chain processes and become a competitive advantage; by reducing shortages and improving customer satisfaction.
CFDP certified professionals are globally preferred by recruiters for decision making positions because they are capable to lead successful planning processes, coordinate partnerships and conduct global supply chain initiatives like CPFR.
To become an ISCEA Certified Forecaster and Demand Planner (CFDP), you must complete all three preparatory courses and successfully pass the CFDP Exam.
Taught by
Jorge Morales
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