Job 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