Demand forecast staff

Job Description

Responsibility:

Analyzing historical sales data, market trends, and other relevant factors to create accurate predictions of future customer demand, collaborating with cross-functional teams to gather insights, and utilizing forecasting models to optimize inventory levels and support sales and operations planning by proactively identifying potential risks and opportunities in the market; essentially ensuring the right amount of product is available at the right time to meet customer needs.

Key responsibilities may include:

• Data Analysis:

Analyzing historical sales data, market trends, promotional activities, and other relevant data to develop accurate demand forecasts.

• Model Development:

Creating and maintaining statistical forecasting models using advanced techniques to predict future demand patterns.

• Collaboration:

Working closely with sales, marketing, operations, and supply chain teams to gather market insights, customer feedback, and align demand forecasts with production/shipment plans.

• Trend Identification:

Monitoring market dynamics, economic factors to identify potential demand shifts and adjust forecasts accordingly.

• Sales & Operations Planning (S&OP):

Participating in S&OP meetings to present demand forecasts and collaborate on inventory management strategies.

• Risk Assessment:

Performing scenario analysis to identify potential risks and opportunities impacting demand and develop contingency plans.

• Forecast Monitoring:

Regularly monitoring forecast accuracy, identifying deviations from actual demand, and taking corrective actions to improve future forecasting.

• Reporting and Communication:

Presenting demand forecasts and insights to key stakeholders through clear and concise reports and presentations.

• Process Improvement:

Identifying areas for improvement in the demand planning process and implementing new methodologies or tools to enhance forecast accuracy.

Job Requirement

Required Skills:

• Strong analytical skills with proficiency in data manipulation and statistical analysis techniques 
• Expertise in forecasting methodologies (e.g., time series analysis, moving average, exponential smoothing) 
• Excellent communication and collaboration skills to work effectively with cross-functional teams 
• Proficiency in demand planning software and tools 
• Understanding of supply chain dynamics and inventory management principles 
• Business acumen and ability to interpret market trends and economic factors