IBF

The Institute of Business Forecasting & Planning (IBF)-est. 1982, 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.

IBF members include some of the world's well-known global companies. The IBF is constantly updating and disseminating better ways to manage demand, improve supply chain efficiency, foster cross-functional participation, and increase organizational performance.
IBF members have access to proven best practices and links to global professionals that help them ascend in their careers, while bringing their organizations to best-in-class levels. The IBF is a pioneer in developing a Demand Planning, Forecasting, and S&OP Certification program that can enhance your knowledge, give management greater confidence and boost your credentials. One can start with the Certified Professional Forecaster (CPF®) certification, and grow with the Advanced Certified Professional Forecaster (ACPF®) program.

The Institute of Business Forecasting & Planning provides:

  •  A resource for the most recent tried and tested information on best practices in demand planning and forecasting.
  •  World Class conferences & events where attendees can gather to network and learn from experienced practitioners. These events provide you with lessons that you can put to use immediately upon returning to your office.
  •  A Certification program through which professionals can boost their credentials as well as give employers greater confidence in their skill set.
  •  It has been in existence since 1981, but is relative to today's challenges: The Journal of Business Forecasting, which consists of clearly written, jargon free articles, primarily written by practitioners, and targeted for practitioners.
  •  The provider of Advisory Services for solving forecast related challenges. This includes process audit/ development, quantitative model development, forecasting system audit/ development, and much more.
  •  Exclusive benchmarking research reports

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. Established in 1981, The Institute of Business Forecasting and Planning, IBF, is recognized across the globe. 

The IBF Certification Program exists of two certification levels:

  •  Certified Professional Forecaster (CPF®)
  • Advanced Certified Professional Forecaster (ACPF®)

Training Topics: 

  •  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
  •  And so much more

Certified Professional Forecaster (CPF)

A. Content

  •  Role of Forecasting & Planning in Decision Makin
  •  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

B. Course schedule and registration

The course consists of 2 days training of each 8 hours. We schedule the courses in accordance with the exam date provided by IBF. We only provide these courses on-site.

C. Course Material

Each participant will receive:

  •  Practical Guide to Business Forecasting
  •  Fundamentals of Demand Planning & Forecasting. 

The books and the slides are in English. The teaching language is English.

D. Exam Information

In order to be eligible for the CPF certification program, you need to fulfill one of the following criteria:

  •  The potential candidate must have at least a Bachelor's degree and one year of professional experience in Business Forecasting and Planning.
  •  If the individual does not have a Bachelor's degree, two years of professional experience in Business Forecasting and Planning can fulfill the eligibility requirement.  
  •  3 Exams –100 to 150 questions
  •  Exams Taken Individually – Objective Tests (Multiple Choice)
  •  2 Hours per Exam
  •  CPF is earned when 70% or higher is scored for each exam individually  
  •  Exam registration directly with IBF. www.ibf.org

 

Advanced Certified Professional Forecaster (ACPF)

A. Content

  •  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

B. Course schedule and registration

The course consists of 2 days training of each 8 hours. We schedule the courses in accordance with the exam date provided by IBF. We only provide these courses on-site.

C. Course Material
Each participant will receive:

  •  Regression Analysis: Modeling and Forecasting
  •  Fundamentals of Demand Planning& Forecasting.

The books and the slides are in English. The teaching language is English.

D. Exam Information

  •  2 Exams
  •  Exams Taken Individually – Objective Tests (Multiple Choice)
  •  2 Hours per Exam
  •  Must be CPF
  •  ACPF is earned when 70% or higher is scored for each exam individually  
  • Exam registration directly with IBF. www.ibf.org