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Certificate in Demand Forecasting

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Demand Forecasting


About Demand Forecasting

Demand forecasting is the process of making estimations about future customer demand over a defined period, using historical data and other information.

It is a technique for estimation of probable demand for a product or services in the future. It is based on the analysis of past demand for that product or service in the present market condition. Demand forecasting should be done on a scientific basis and facts and events related to forecasting should be considered.

Why is Demand Forecasting important?

Demand is the most important aspect for a business for achieving its objectives. Many decisions of business depend on demand like production, sales, staff requirement, etc. Forecasting is the necessity of business at an international level as well as a domestic level.
Following is the significance of Demand Forecasting:
•    Fulfilling objectives of the business
•    Preparing the budget
•    Taking management decision
•    Evaluating performance etc.

Who should take the Demand Forecasting Exam?

•    Logistics or SCM or sales professionals
•    Business owners or Entrepreneurs
•    Anyone who wants to assess their demand management skills
•    SCM or Sales consultants
•    Logistics or SCM or sales managers and senior executives
•    Professionals working in outsourced companies responsible for Logistics or SCM or sales
•    Individuals who encounter Demand forecasting within their day-to-day job

Demand Forecasting Certification Course Outline

1. Forecasting Demand
2. Just-in-time
3. Sales Forecasting
4. Demand Planning and Forecasting


Certificate in Demand Forecasting FAQs

The result will be declared immediately on submission.

No there is no negative marking

You have to score 25/50 to pass the exam.

There will be 50 questions of 1 mark each

You will be required to re-register and appear for the exam. There is no limit on exam retake.

You can directly go to the certification exam page and register for the exam.

It will be a computer-based exam. The exam can be taken from anywhere around the world.