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Parts Forecasting Analyst
Job Posted: a day ago
Salary: £ Competitive
Job Type: Contract Temporary
Location: Warwick, Warwickshire
Expire in: a month
Job Description
Job Title: Parts Forecasting Analyst
Location: Warwick
Contract Length: Initial 6 months (then extended on 3 month rolling basis)
Randstad Sourceright, a leading provider of RPO & MSP Recruitment Services are seeking a Parts Forecasting Analyst to join a leading global energy solutions provider. You will be responsible for predicting future parts demand, optimizing inventory levels, and contributing to the timely availability of parts to meet customer needs. This role involves analysing data, communicating with customers and other departments, and implementing strategies to minimize stockouts and excess inventory. Some of the main duties might include but are not limited to:
Your responsibilities
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To predict future parts demand and manage the forecast in SAP. Forecasting future parts requirements based on historical data, sales forecasts, and other relevant factors.
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To calculate safety stock that buffers uncertainty in future demand.
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To collaborate with other Forecasting team members, Parts Delivery, Procurement, Engineering, Finance and Sales to agree on demand plans and impacts.
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To analyse future supply and demand in SAP to predict future inventory levels and anticipate future excess.
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To analyse data from various sources to identify trends and improve forecasting accuracy.
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To be process compliant through the use of company standard systems, processes and reports.
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To create reports on forecast accuracy, safety stock, and current and future inventory.
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To manage new requests to buy excess inventory. Use and improve the Excess Inventory Authorisation process.
Let’s talk about you
Your profile
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You will have working experience in Demand Planning, and a proven understanding of Material Requirements Planning (MRP) (this experience is highly desirable but not essential)
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You must be an excellent communicator that is robust in their approach along with problem solving and proactive skills
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You will have a solid understanding of SAP or similar ERP systems
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You will have strong data skills, primarily, but not restricted to, MS Excel
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You will have experience in Process Improvement
We are committed to providing equal employment opportunities and encourage all qualified candidates to apply. While the hiring process may not be expedited, we urge all interested candidates to submit their applications promptly to ensure their consideration.
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