Forecast & Inventory Analyst


Essential Responsibilities and Functions:

  • Coordinates sales inputs, inventory and operations planning to meet market demands and to optimize inventory levels and establish MRP demand.
  • Analyzes inventory levels, production speed, and product demand to determine the amount of finished goods product that will be produced and/or purchased.
  • Uses statistical methods and models to project material demands through seasonal and market trends and develops forecast and inventory strategies to meet market demands, while balancing inventory levels.
  • Creatively uses ‘what if’ scenarios to project inventory levels and availability based on various factors.
  • Assists Product Marketing, Purchasing, and Management with cost of goods sold projections.
  • Aligns forecast with various budget scenarios and multiple budgeting iterations.
  • Works with Product Marketing to develop sales forecast estimates for new products based on like product history, sales inputs, and projects potential cannibalization of existing products.
  • Works with individual Buyers to understand anomalies impacting lead times and material availability so that adjustments can be made through either systematized or ad hoc methods.
  • Analyzes material outages for the department and adjusts forecasts as necessary to account for fluctuations in demand, whether short or long term.
  • Updates safety stock levels monthly or as needed to respond to changing market conditions.
  • Analyzes large potential orders to see if inventory position can support them and analyzes resulting impact on other customers’ orders.
  • Manages and tracks product discontinuances through the various processes of disposition.
  • Updates Management, Product Management, and Finance in regard to liabilities and optimal cut-in dates associated with product discontinuance.
  • Performs Materials Sr. Buyer/Planner III and Materials Buyer/Planner II responsibilities as required.
  • Performs other related duties as assigned

Qualifications to Succeed:

  • Bachelor's degree (B.A.) in Business, Supply Chain Management, Statistics, Economics, or a related field or equivalent combination of education and experience.
  • Proven experience in inventory management, demand forecasting, or supply chain analysis. Three plus years of experience is preferred.
  • Advanced Excel skills or other data manipulative and analysis tools.
  • Experience with inventory management software with comprehensive knowledge regarding automated MRP system (preferably Expandable software).
  • Extremely high level of accuracy and attention to detail.
  • Excellent written and oral communication skills. Ability to interface effectively with technical, administrative and operational communities.
  • Ability to travel as required.

Desired:

  • Six Sigma Green Belt
  • Certificates from ASCM/IBF or other demand planning certificates

Physical Demands and Work Environment:

  • The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Must be able to talk and hear frequently (in person and by telephone), and must be able to see and read (documents, order statements, etc.)
  • Manual dexterity required, frequent use of hands to handle or feel, reach with hands and arms, use tools/objects, and controls and to climb

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