Forecasting demand for products or services: This involves analyzing historical sales data and market trends to predict future demand. You will need to develop statistical models and algorithms to help predict demand accurately.
Collaborating with cross-functional teams: You will work with various teams such as Sales, Marketing, Supply Chain, and Finance to gather data and insights to inform your forecasting process. You will need to communicate your findings and recommendations to these teams regularly.
Conducting demand planning analysis: You will be responsible for analyzing data and identifying trends that may impact demand, such as seasonality or promotional activity. You will need to use this information to adjust your forecasts accordingly.
Developing and maintaining inventory plans: You will be responsible for setting inventory targets based on demand forecasts and working with the Supply Chain team to ensure that inventory levels are optimized to meet demand.
Monitoring and reporting on key performance indicators: You will need to track and report on various metrics related to demand planning, such as forecast accuracy, inventory levels, and product availability.
Continuously improving demand planning processes: You will need to identify areas for improvement in the demand planning process and develop strategies to improve accuracy and efficiency.
