January Professional Development Meeting

January 10, 2017
5:45 PM - 8:30 PM

 Add to Calendar

DoubleTree by Hilton Hotel
4727 Concord Pike
Wilmington, DE 19803
Venue Website

Topic: Dealing with Deviation - A Process Approach to Forecasting

Speaker: Fred Wendt; Business Process Manager at DuPont

5:45 - 6:30  Registration & Networking
6:30 - 7:15  Dinner
7:15 - 8:30  Announcements and Speaker

Details: Is your company satisfied with the quality of their demand forecasts? Many organizations invest in sophisticated analytical tools and spend countless hours developing and scrutinizing forecasts yet are still not satisfied with the results. The team developing the forecasts gets frustrated with complaints about the numbers and the team using the forecasts question whether they have valid execution plans because they don’t trust the forecasts. To compound the frustration, one of the first things we learn about forecasts is they are always wrong.

Forecasting has been described as a combination of art and science but it is also a business process. Like all processes, Forecasting consists of a defined set of inputs, a series of tasks or steps performed in a logical sequence, and an output. How much time does your organization spend on monitoring the process to improve the forecast outputs?

In this presentation, we will explore a process approach to forecasting that describes what to expect from the forecasting process, how an organization can effectively utilize the forecast, and techniques for monitoring and improving the forecasting process.

Speaker Biography: Frederick W. (Fred) Wendt Jr., CPIM, CSCP is a Supply Chain Management professional with over 35 years of experience in technical, consulting, and leadership positions in multiple industries. Fred is currently a Business Process Manager in the DuPont Supply Chain Center of Excellence. In this role, he partners with DuPont businesses on Supply Chain improvement projects and competency development programs. In addition to DuPont, Fred has held roles at Boeing, IBM & W. L. Gore & Associates in Supply Chain Management, Manufacturing, Customer Service and Information Technology.

Fred is also an adjunct faculty member at Widener University where he teaches graduate courses in Business Process Management and undergraduate courses in Supply Chain Management in the School of Business Administration. He is currently a VP-Programs and Past President of the Brandywine Valley Chapter of APICS and is an instructor for the chapter’s certification programs. Fred is also a member and past Board Member of the Philadelphia Chapter of the Association of Business Process Management Professionals (ABPMP).

Fred has a BS degree in Management Information Systems from Widener University and an MBA from Villanova University. He has also completed requirements for a number of professional certifications including the APICS CPIM & CSCP, SCOR®-P, IBF CPF, and is a Six Sigma Black Belt.



$30.00 Standard Registration

$0.00 Student Registration