TEC: Technical Education Consultants, Inc.

Course Outline

Forecasting 101®

 
an interactive, applied workshop that is focused on accuracy

and finding the right balance between art and science.

 

Topics

Forecasting 101 is intended to provide a baseline understanding of the activities and considerations that are involved in the forecasting and replenishment of goods and services to customers.Participants will learn about the various elements that affect the history, the present and the future outcome of SKUs forecasted:various components and fundamentals of forecasting and replenishment, the environment, the structure and coordination of the retail organization.Participants will be exposed to business considerations / challenges and major industry trends.They will be able to leverage this knowledge regardless back on the job, through the technology available to them and in their other daily activities.

TECís workshop topics include:

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The forecasting process at your organization
 
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Elements used in forecasting
 
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Historical Data
   
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Present Conditions
   
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Future Conditions
 
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Maintaining accurate forecasts
 
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Roles and responsibilities
 
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The role of technology


Length of Workshop

Approximately two days for the base course, and may vary depending on client customization.

 

Recommended Audience

Designed for retail associates involved in the forecasting of merchandise sales of goods and services.

 

Recommended Class Size

Twelve to fifteen participants.

 

Participant Materials

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Workbook
 
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Retail Glossary
 
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Exercise scenarios

Optional Services

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Customized Glossary
 
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Roles and responsibilities as defined by your retail organization
 
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Your specific technological systems
 
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Course Evaluation for Reaction & Planned Action, Learning, Application, and Business Impact




 
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