Demand Planning Specialist
4 weeks ago
About the Role:
A Demand Planning Specialist will play a key role in forecasting and managing product demand to ensure that supply meets customer needs efficiently.
Key Responsibilities:
- Demand Forecasting: Analyzing historical sales data, market trends, and other factors to predict future product demand. This involves using statistical methods and forecasting tools, including MAE, MAD, MAPE, forecast error, etc.
- Inventory Management: Collaborating with supply chain and inventory teams to ensure that stock levels are appropriate to meet forecasted demand without overstocking or stockouts.
- Data Analysis: Monitoring and analyzing sales data, market conditions, and customer behavior to refine forecasts and improve accuracy.
- Collaboration: Working with sales, marketing, and supply chain teams to gather insights and align forecasts with business strategies and promotional plans.
- Reporting: Creating and presenting reports on demand forecasts, inventory levels, and other key metrics to stakeholders, providing insights and recommendations based on the data.
- Process Improvement: Identifying opportunities for improving demand planning processes and tools to enhance accuracy and efficiency.
- System Management: Utilizing demand planning software and tools (like ERP systems or specialized forecasting tools) to support forecasting and inventory management activities.
- Risk Management: Assessing risks related to supply chain disruptions, market changes, and other factors that could impact demand, and developing strategies to mitigate these risks.
- Data Quality Assurance: Ensuring accuracy and consistency in visualizations by validating data sources and outputs. Addressing and resolving any data discrepancies or visualization issues.
About You:
As a Demand Planning Specialist at Holistic Industries, you will be responsible for analyzing historical sales data, market trends, and other factors to predict future product demand. You will work closely with the supply chain and inventory teams to ensure that stock levels are appropriate to meet forecasted demand without overstocking or stockouts.
Requirements:
- Bachelor's degree in business, supply chain management, or analytics/statistics, preferred
- At least 5+ years of experience in demand planning
- Cannabis industry experience is strongly preferred
- Excellent written and verbal communications skills
- Professional demeanor, strong work ethic
- Must have exceptional problem-solving and project management skills
- Experience with and proficiency in analytic platforms and business analytics
- Ability to work collaboratively in a team environment
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