What you will learn
- Supply chain management essentials, inventory planning fundamentals, and their role in achieving a balance between supply and demand.
- To lead Demand Planning Processes in the context of Sales and Operations Planning (S&OP), Integrated Business Planning (IBP) and Collaborative Planning (CPFR).
- To develop quantitative, judgmental, and causal forecasting models for seasonal, intermittent, and new product demand.
- How to choose the right forecasting method for each historical data pattern, and how to improve forecast performance with Machine Learning and Lean Six Sigma principles.
- How to mitigate the risk of inaccurate forecasts and deal with randomness, low forecastability, missing data, outliers, disruptive events, and overfitting.
- How a Make-and-Sell organization can become Demand-Driven, and how Demand Sensing, Data Analysis, and Demand Driven Material Requirements Planning (DDMRP) can improve Supply Chain Response and overall Supply Chain Network performance.
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.
Courses in this program
ISCEA's Certified Forecaster and Demand Planner (CFDP) Professional Certificate
- 2–8 hours per week, for 4 weeks
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.
- 2–8 hours per week, for 4 weeks
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.
- 2–8 hours per week, for 4 weeks
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.
- Starts Sep 16, 20231–2 hours per week, for 1 weeks
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.
- Aligning supply and demand has never been more important, yet challenging. Anticipating with the forward-looking skills and knowledge of an ISCEA Certified Forecaster and Demand Planner – CFDP, is essential to achieve that goal.
- The average Senior Demand Planner salary in the United States is $84,025, ranging between $69,575 to $102,766 based on the experience, certification, and skill level of the professional. (Source: Salary.com)
- Demand Planners determine how much product/material/finished goods need to be manufactured, produced, or purchased. Their forecasts can significantly reduce both overproduction and underproduction which impact an organization's bottom line.
- Demand Planner Duties include developing the final demand forecasts at multiple levels of aggregation, playing a key role in monthly S&OP development, and developing collaborative plans and forecasts with customer representatives.
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