Engineering

Demand Management

Supply chain performance is dependent upon an organization's ability to synchronize its production rate with customer demand. Understanding and quantifying future customer demands is critical to managing inventory and reducing costs. Learn the basic tools for forecasting and understanding demand patterns, along with Lean Six Sigma techniques for optimizing production capacity and inventory levels. Study how customer demand and production rate synchronization differs in managing inventories locally vs. globally.

    Topics Include:
  • Demands
  • Inventory management
  • Optimizing SC flows
  • Quality, Lean Six Sigma
  • Safety stock and models to produce
  • Demand by product characteristic
  • Nuisance Items
  • Capacity planning activity
  • Metrics/Analysis
  • Forecasting and forecasting types
  • Use forecasts and customer data to reduce uncertainty
  • Coordinate marketing requirements/production plans enterprise-wide
  • Balance availability and reliability requirements with capabilities

Available Sessions