Description
Job Purpose
Assist in the demand planning duties including estimating future product demand, analyzing inventory flow and developing forecasts models.
Core Responsibilities and Key Result Areas
Demand Planning/Forecasting
Assist in demand planning and management activities of a company’s products
Develop demand forecast based on demand patterns and business trends
Make forecast adjustments based on seasonal products, promotions and discounts.
Determine demand forecasts to support in budgeting and inventory management.
Provide guidance to demand planning team as needed.
Assist in developing and executing demand plan to achieve company goals.
Perform market analysis and determine customer demands.
Follow company rules and regulations.
Maintain demand planning systems to improve forecast accuracy.
Perform root cause analysis of demand issues and provide permanent resolutions.
Escalate complex demand issues to management for immediate resolutions.
Determine customer response for new products and price revisions and communicate the same to management.
Work with inventory team to monitor inventory levels and replenish appropriate products.
Provide forecast updates to management, inventory and operations teams on regular basis
Schedule monthly forecast meetings with all customers as required
Key Performance Indicators
Forecasted vs Actual sales
Monthly product category forecast error
Weekly item location forecast error
Forecasting accuracy
Marketing intelligence of competitor activities
Knowledge Requirements
Knowledge of statistical supply chain management, distribution practices, inventory management
Knowledge of forecasting models and industry trends
Job Specifications
A minimum of a Bachelor’s degree in Business Administration or related field is required.
Possession of any relevant certification is essential
Minimum of 1 year experience in similar role
Decision Expectations
Analyse demand statistics for trends and anomalies that require understanding
Develop demand forecast based on key patterns and business trends
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