What is IBF?
The Institute of Business Forecasting & Planning (IBF) is a membership organization recognized worldwide for fostering the growth of Demand Planning, Forecasting, and Sales & Operations Planning (S&OP), its mission.
The IBF provides education, benchmarking research, training, certification, conferences and advisory services on a global scale. IBF is instrumental in helping businesses increase cash flow, market-share, and growth by improving forecasting and planning performance. Learning, sharing, and advancing are the foundational cycle that IBF members and their companies experience. No other organization has as much depth and experience in providing educational content for Demand Planning and Forecasting as IBF.
The IBF certification program
The IBF is a pioneer in developing a Demand Planning & Forecasting Certification program that helps boost credentials, as wel as gives management greater confidence in its people. IBF Certifications are recognized worldwide as true validation for forecasting & planning knowledge and experience. Certifications have long been recognized as a mark of passion and professionalism.
The IBF Certification Program exists of two certification levels
1. Certified Professional Forecaster (CPF®)
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- Role of Forecasting & Planning in Decision Making
- Demand Planning (Demand Sensing, Shaping, & Creating)
- Forecasting & Planning Process
- Consumption (POS Data) Based Forecasting & Planning
- Consensus Forecasting & Planning
- Sales & Operations Planning (S&OP) Process
- Collaborative, Planning, Forecasting, & Replenishment (CPFR)
- Data Analysis & Treatment
- Fundamentals of Models & Modeling
- Types of Models
- Time Series Models
- Model Selection
- Metrics: Measuring Forecast Error and Performance
- Forecast Reporting & Presentation
- Forecast Communication
- Winning Support and Confidence of Management
- Gaining Buy-in from Stakeholders
- New Product Forecasting
2. Advanced Certified Professional Forecaster (ACPF®)
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- Regression/ Cause & Effect Models
- Types of Regression Models
- Assumptions of a Simple Regression Model
- Steps to Build a Regression Model
- Diagnostic Tools for Assessing Regression Models
- Development and Application of Dummy Variables in Multiple Regression
- Improving a Multiple Regression Model
- ARIMA/Box-Jenkins Modeling
- Assumptions of ARIMA Modeling
- ARIMA Models vs. Regression Models
- Types of ARIMA Models
- Steps to Build an ARIMA Model
- Improving ARIMA Models
- Forecasting & Planning Technology
- Forecasting Package vs. Forecasting System
- Selecting a Forecasting Package
- Technology Capabilities
- Scalability
- Forecasting System Implementation
- Worst Practices in Forecasting & Demand Planning
Training Objectives
Below you find an overview of the training objectives for this program.
Training Objectives IBF Certification Program
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- How to improve Demand Planning through Demand Shaping, Demand Creation, as well as Demand Sensing
- How to start and structure Demand Forecasting and collaborative processes from scratch such as Sales & Operations Planning (S&OP) and Collaborative, Planning, Forecasting, & Replenishment (CPFR)
- How to forecast & plan for new products, as well as in economic climates where history cannot provide any indication of future outcome
- How to measure Demand Planning & Forecasting performance, a key to continuous improvement
- How to cleanse data and deal with data outliers, missing data, promotional effects, unit of measure mismatches, seasonal & trend effects, and more ensuring that you have relevant information for ERP System and demand forecasting
- How to prepare demand forecasts using the most accurate methods that best in class companies are leveraging. Plus, learn when they are most appropriate to use
- How to successfully present forecasts, resolve conflict, improve communication, and gain buy-in from management
- How to use POS/ syndicated data for consumption based forecasting and eliminate the painful bullwhip effect
- How to audit and select a demand planning & forecasting software solution
- How to improve Demand Planning through Demand Shaping, Demand Creation, as well as Demand Sensing
- How to start and structure Demand Forecasting and collaborative processes from scratch such as Sales & Operations Planning (S&OP) and Collaborative, Planning, Forecasting, & Replenishment (CPFR)
- How to forecast & plan for new products, as well as in economic climates where history cannot provide any indication of future outcome
- How to measure Demand Planning & Forecasting performance, a key to continuous improvement
- How to cleanse data and deal with data outliers, missing data, promotional effects, unit of measure mismatches, seasonal & trend effects, and more ensuring that you have relevant information for ERP System and demand forecasting
- How to prepare demand forecasts using the most accurate methods that best in class companies are leveraging. Plus, learn when they are most appropriate to use
- How to successfully present forecasts, resolve conflict, improve communication, and gain buy-in from management
- How to use POS/ syndicated data for consumption based forecasting and eliminate the painful bullwhip effect
- How to audit and select a demand planning & forecasting software solution
Are you interested in a dedicated training, please contact us for more information and pricing.