The Demand Planning Analyst plays a crucial role in supporting demand planning and forecasting activities by analyzing historical and current data to estimate future product demand. This position involves assessing the impact of promotions, monitoring inventory flow, and developing effective forecasting models. The analyst works closely with both internal teams and external stakeholders to communicate forecasts, identify exceptions, resolve demand-related issues, and enhance forecast accuracy. The primary focus is to maintain reliable demand forecasts while supporting collaborative planning, forecasting, and replenishment processes, contributing to continuous improvements in demand planning.
Key Responsibilities
- Assist in all demand planning duties, including estimating future product demand, analyzing promotional uplifts, monitoring inventory flow, and developing forecast models.
- Plan, schedule, monitor, and manage CPFR (collaboration, planning, forecasting, and replenishment) activities for key accounts when assigned.
- Design and provide analysis on KPIs, communicating findings with internal and external stakeholders and initiating corrective actions as needed.
- Develop a deep understanding of customer behavior, product mix, and promotional trend performance.
- Create effective forecast models based on industry trends and demand patterns.
- Propose and implement solutions to improve forecast accuracy.
- Communicate forecast and inventory estimations clearly to key stakeholders.
- Conduct weekly forecast maintenance and address demand-related issues promptly.
- Generate and analyze reports to manage unique forecasts and identify exceptions.
- Proactively investigate forecast errors, root cause issues, and adjust models accordingly.
- Prepare forecasts and present findings in Sales & Operations Execution (S&OE) meetings.
- Manage large data sets and follow established processes for importing and exporting data into forecasting systems.
- Train new analysts on systems and processes as required.
- Collaborate in a cross-functional environment to develop and test forecasting tools.
- Review forecast outputs and provide recommendations to adjust model settings.
- Work effectively both independently and within group settings.
- Develop and document Standard Operating Procedures (SOPs).
Required Qualifications
- Bachelor’s degree in business, supply chain, or a related field.
- Minimum of 3 years’ experience in demand planning or forecasting.
- Strong understanding of inventory management practices and procedures.
- Collaborative problem-solving skills.
- Solid mathematical and statistical knowledge.
- Ability to multitask and work efficiently in a fast-paced environment.
- Proficiency in customer language requirements, both written and oral.
- Willingness to work during customer-required business hours.
- Strong proficiency in Microsoft Excel and familiarity with Microsoft Office 365.
- Ability and eagerness to quickly learn new software and concepts.
Preferred Qualifications
- Experience with Python, SQL, or similar programming languages.
- Familiarity with forecasting software tools.
- Exposure to working across different industries.
- Knowledge of AI applications and deploying AI-driven solutions to improve business processes.
This role offers the opportunity to work in a dynamic environment where analytical skills and cross-functional collaboration are highly valued. The successful candidate will contribute significantly to improving demand forecast accuracy and overall supply chain efficiency.
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