Forecast Analyst analyzes inventory levels, production speed, and product demand to determine the amount of finished product that will be produced. Determines the best metrics to use to provide the most accurate representation of the forecast. Being a Forecast Analyst works with other departments within the organization to determine optimal inventory levels. May require a bachelor's degree. Additionally, Forecast Analyst typically reports to a supervisor or manager. The Forecast Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Forecast Analyst typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)
Summary of Position:
Responsible to generate sales forecast monthly based on historical sales data, trends, sales input generated through S&OP meetings, customer POS information and general economics conditions. Utilizes various operating systems and bolt on applications to assist in the creation of the forecast. Uses manufacturing and supplier lead times and variation in demand to generate safety stock recommendations by SKU. Manages EOL products through to final sale through to ensure obsolescence is managed. Maintains a 30, 60, 90 day forecast file and reports forecast accuracy against established KPIs. Calculates inventory turns by SKU and performs analysis to determine root cause and recommendations for improvement.
Description:
Please note, this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Activities, duties, and responsibilities may change at any time with or without notice.
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