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Demand planner

2 months ago

Ridgefield Park, United States Transcend Solutions Full time

Transcend-Solutions is currently partnering with a client of ours in Ridgefield Park, NJ for a Demand Forecast Planner.


Contract Duration: 12 Months

Work Location: Ridgefield Park, NJ

Schedule: Mon-Thu on-site, remote Fri


Ecommerce Demand Forecasting Analyst


Qualifications

- Bachelor’s degree in Business, Statistics, Mathematics or a related field

- 2+ years of experience in demand forecasting, preferably in an ecommerce or retail environment

- Strong analytical and problem-solving skills

- Proficient in data analysis tools such as Excel and SQL.

- Excellent communication and presentation skills.

- Ability to work independently and as part of a team.

- Experience with ecommerce platforms and promotions tools is a plus.


Top Skills:

• Data collection and organization: Ability to gather, categorize, and organize promotional data from various sources.

• Baseline sales forecasting: Proficiency in utilizing historical sales data and applying time series forecasting techniques to establish accurate sales forecasts.

• Price elasticity analysis: Strong understanding of conducting price elasticity analysis for different product categories and price points, and developing a standardized menu of sales lift multipliers for use in order forecasting.


KEY RESPONSIBILITES/REQUIREMENTS:

- Data Collection and Organization

o Gather and organize promotional data from internal system sources

o Categorize promotions based on themes (e.g. national promotions, members only offers, product bundles etc)

o Develop a centralized data repository for easy access and analysis


- Baseline Sales Forecasting

o Utilize historical sales data and appropriate time series forecasting techniques to establish sales forecasts.

o Assist in cleansing promotional lifts from the baseline forecast to ensure accuracy

o Support the development a weekly rolling forecast that incorporates baseline sales and promotional impacts


- Price Elasticity Analysis

o Conduct comprehensive price elasticity analysis for different product categories and price points

o Calculate sales lift multiplier based on historical data and promotional performance.

o Develop a standardized menu of sales lift multipliers to be used in order forecasting.


- Reporting and Analysis

o Prepare regular reports on demand forecasts, promotional performance

o Conduct ad-hoc analysis to identify trends and opportunities for improvement.