JOB SUMMARY
This position will use multiple methods and tools to evaluate past sales history, future customer demand, customer placements and seasonality trends to predict future demand and communicate with a wide variety of internal and external customers to negotiate and make recommendations to fulfill customer demands while ensuring a reasonable inventory level plan.
The Forecast Analyst is responsible for accurately forecasting products utilizing a statistical
The Forecast Analyst will be the key member of the Global Forecasting team to deliver consistent results and participate continuous improvement project assigned by manager.
forecast system requiring strong mathematical skills. This position is also responsible for ensuring high customer satisfaction rates while maintaining adequate inventory levels at each distribution center location.
ESSENTIAL DUTIES & RESPONSIBILITIES
Contribute to the planning of long- and short- term business objectives; actively participate in product review meetings and Integratred Business Planning (IBP) meetings as required.
Maintain and follow up whole product planning life cycle including product status, product forecasting, promotion readiness and inventory.
statistical forecast system and communicate changes to appropriate departments.
Evaluate inventory and the reliability of the supply chain flow for approval of Ad Notice, promotional requests and customer projections to ensure customer satisfaction and product availability.
Evaluate and monitor future orders versus forecast, make forecast changes when needed.
Identify planned drop items and/or groups; evaluate and make recommendation for best time frame for drop based upon remaining finished goods inventory, raw material inventory on hand and/or at vendor locations. Negotiate with Production, Purchasing and/or vendor regarding the final run dates and provide direction for expediting, deferring and/or cancelling orders when necessary and ensure proper inventory levels are available. Recommend excess inventory items to be added to the Hot Buys develop a plan and make recommendations for closing out remaining inventory.
Analyze, update, and monitor the forecast by SKU warehouse level for accuracy using a
Calculate and monitor forecast KPIs (Accuracy and Bias) against the targets, identify errors and provide solutions to improve forecasting performance.
Interact and build relationships with key business partners to ensure accurate data and forecasting.
Identify out- of- the- norm conditions on any product and communicate to management, make recommendations for solution.
