Global Forecasting Analyst

JOB SUMMARY
The Global Forecast Analyst is responsible for accurately forecasting products utilizing a
statistical forecast system requiring strong mathematical skills. This position is also
responsible for ensuring high customer satisfaction rates while maintaining adequate
inventory levels at each distribution center location.
This position will use multiple methods and tools to evaluate past sales history, future
customer demand, customer placements and seasonality trends to predict future demand
and communicate with a wide variety of internal and external customers to negotiate and
make recommendations to fulfill customer demands while ensuring a reasonable inventory
level plan.
The Global Forecast Analyst will be the key member of the Global Forecasting team to
deliver consistent results and participate continuous improvement project assigned by
manager.
ESSENTIAL DUTIES & RESPONSIBILITIES
1. Analyze, update, and monitor the forecast by SKU warehouse level for accuracy using a
statistical forecast system and communicate changes to appropriate departments.
2. Evaluate and monitor future orders versus forecast, make forecast changes when
needed.
3. Maintain and follow up whole product planning life cycle including product status,
product forecasting, promotion readiness and inventory.
4. Calculate and monitor forecast KPIs (Accuracy and Bias) against the targets, identify
errors and provide solutions to improve forecasting performance.
5. Identify out-of-the-norm conditions on any product and communicate to
management, make recommendations for solution.
6. Interact and build relationships with key business partners to ensure accurate data
and forecasting.
7. Evaluate inventory and the reliability of the supply chain flow for approval of Ad Notice,
promotional requests and customer projections to ensure customer satisfaction and
product availability.
8. Identify planned drop items and/or groups; evaluate and make recommendation for
best time frame for drop based upon remaining finished goods inventory, raw material
inventory on hand and/or at vendor locations. Negotiate with Production, Purchasing
and/or vendor regarding the final run dates and provide direction for expediting, deferring
and/or cancelling orders when necessary and ensure proper inventory levels are
available. Recommend excess inventory items to be added to the Hot Buys develop a plan
and make recommendations for closing out remaining inventory.
9. Contribute to the planning of long- and short-term business objectives; actively
participate in product review meetings and Integrated Business Planning (IBP) meetings as
required.