Demand Planning Cycle and Demand Review Best Practices
What you'll learn
Understand the importance of time in Demand Planning
Identify milestones, events and boundaries that form the monthly calendar
Be prepared to manage change
Learn how to hold an effective Demand Review
Invite the right people to the Demand Review
Make the most of sharing Assumptions
Requirements
No experience is necessary, but this course builds on ideas from the courses: Planning and Managing Demand: Course 1 and 2
Description
Demand Planning is vital and it ensures the ability to improve inventory management, increase customer satisfaction, optimize production planning, improve business strategy, and set and meet commitments. A good Demand Plan affects the entire organization, and in this course, I will walk you through the following objectives:Understand the importance of time in Demand PlanningIdentify milestones, events and boundaries that form the monthly calendarBe prepared to manage changeLearn how to hold an effective Demand ReviewInvite the right people to the Demand ReviewMake the most of sharing assumptionsIn addition, we will build on the information from Course 1 and 2 and further our knowledge and expertise in Demand Planning. We will take a deeper dive into how we can incorporate time into Demand Planning and understand the importance of both time fences and lead times. We will also learn how to establish rules on when and how to break into a set plan.Some other topics this course will cover include:How to set due dates and freezes to reduce churnWhy the planning calendar makes us uncomfortableHow short lead times create more focus on demand planning in the current monthMilestones, events and boundaries to consider for the demand planning cycleHow to visualize the demand planning cycle in swimlanesHow to go from being reactive in the month to proactiveHow to document the standard work that you need to do as you move through the workdays of your planning cycleBest practices for a standard agenda for a Demand ReviewBest practices for participants and roles for Demand ReviewsNo matter your position or role, understanding demand is beneficial to the business. This course will set you apart and prepare you to make the decisions you need to drive success and continuous improvement. I am so excited to share with you my knowledge of Demand Management, and I hope you find it as interesting and rewarding as I do.This is the third course of my four-course series, so if you would like to learn more, you can check out my other course offerings under my bio.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Demand Planning Cycle
Lecture 2 Incorporate Time Into Demand Planning
Lecture 3 Identify Events and Boundaries
Lecture 4 Establish Demand Planning Cycle
Section 3: Demand Review Best Practices
Lecture 5 Standard Agenda for Demand Review Part I
Lecture 6 Standard Agenda for Demand Review Part II
Lecture 7 Participants and Roles
Lecture 8 Documenting Assumptions
Section 4: Additional Resources
Lecture 9 Bonus Lecture!
Anyone looking to gain an understanding of demand planning and how to use it to improve S&OP and business results.
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