- Collaborate with the purchasing team, relevant departments, and customer sources to gather data inputs and insights for improved forecasting accuracy on large accounts.
- Gather, clean, and organize source and historical data for analysis, identifying trends, patterns, and anomalies.
- Analyze historical data and market trends to develop accurate forecasts using statistical methods, data mining, and predictive modeling techniques.
- Monitor and evaluate forecast performance against actual results to identify discrepancies-both at the customer level and for the DHI forecast-and adjust models and inputs as needed to improve accuracy and meet sales goals.
- Manage consignment inventory and marketplace forecasting and inventory objectives.
- Generate comprehensive reports and visualizations to communicate forecast findings to stakeholders and provide insights for decision-making.
- Collaborate with cross-functional teams to ensure effective communication and alignment on forecasting objectives and outcomes when making significant inventory and forecast adjustments. Participate in monthly category forecasting meetings to review inputs and use knowledge gained to make forecast adjustments.
- Process purchase orders to support business to meet sales requirements.
- Adjust supply timing as needed to improve service to customers and/or improve inventory turns and other inventory objectives.
- Analyze inventory levels, sales data, demand forecasts, and historical trends to develop insights into inventory performance and make data-driven recommendations.
- Develop and implement strategies to manage and optimize inventory levels, ensuring adequate stock while minimizing carrying costs and excess or obsolete inventory. This may involve bundling kits and assemblies to meet sales and inventory requirements.
- Develop production schedules, while understanding sales demand, resource availability, and other capacity constraints to ensure efficient and timely production.
- Monitor and analyze inventory levels, turnover rates, and aging stock to make data-driven decisions regarding stock replenishment, allocation, and disposal.
- Identify slow-moving or obsolete inventory and develop strategies to minimize financial impact through markdowns, promotions, or other means.
- Analyze inventory and production data, generate performance reports, and present findings to stakeholders for informed decision-making.
- Identify & implement a kanban system in the production area to maintain optimal build-to-stock inventory levels for select kits and assemblies.
- Support S&OP process by managing department reports & KPI tracking.
- Proactively identify and implement process improvements. Evolve and maintain documentation and standard operating procedures for demand planning processes and inventory control systems.
- Maintain technical competency with ERP and forecasting systems and best practices.
- Complete special projects as assigned.
- Bachelor's degree in business, supply chain management, or related field.
- Business acumen and analytical capabilities to analyze, interpret, and evaluate data to make effective decisions and implement problem-solving strategies.
- 3+ years in forecasting, inventory planning, and/or purchasing roles, preferably in an Ecommerce environment, is required.
- Experience working with an international supply base highly desirable.
- Understanding of what drives volume sales by SKU across many products on high volume Ecommerce sites.
- Solid background in Ecommerce supply chain and S&OP a big plus.
-
Inventory Forecasting Analyst
4 weeks ago
Interior Logic Group Milwaukie, United StatesJob Description · Job DescriptionLooking to build your career and design your future? You have come to the right place. · Position Summary · The Inventory Purchasing Analyst manages purchases and purchasing procedures while maintaining proper multi-branch inventory levels acros ...
-
Maintenance Inventory Specialist
2 weeks ago
Dairy Farmers of America, Inc. Cedarburg, United StatesPerforms all record keeping for inventory control of parts room, tools, machine components and expenses used by maintenance personnel. Provides day-to-day miscellaneous administrative and component purchasing support to maintenance as needed. Duties Maintenance, Specialist, Inven ...
-
Maintenance Inventory Specialist
2 weeks ago
Dairy Farmers of America Cedarburg, United States**Position** : Maintenance Inventory Specialist · **Location** : Cedarburg, Wisconsin · **Requisition ID:** : 24425 · **General Purpose:** · General Purpose: Performs all record keeping for inventory control of parts room, tools, machine components and expenses used by maintenanc ...
-
Maintenance Inventory Specialist
3 weeks ago
Dairy Farmers of America Cedarburg, United StatesGeneral Purpose: · General Purpose: Performs all record keeping for inventory control of parts room, tools, machine components and expenses used by maintenance personnel. Provides day-to-day miscellaneous administrative and component purchasing support to maintenance as needed. · ...
-
Inventory Specialist
2 days ago
Walgreens Brookfield, United StatesJob Description: · Responsible for executing, monitoring, and training inventory best practices and standard operating procedures for the entire store, including both front end and pharmacy. Supports pharmacy inventory management activities, including receiving, counting, orderin ...
-
Inventory Specialist
2 days ago
Walgreens Milwaukee, United StatesJob Description: · Responsible for executing, monitoring, and training inventory best practices and standard operating procedures for the entire store, including both front end and pharmacy. Supports pharmacy inventory management activities, including receiving, counting, orderin ...
-
Inventory Specialist
23 hours ago
Walgreens Greendale, United StatesJob Description: · Responsible for executing, monitoring, and training inventory best practices and standard operating procedures for the entire store, including both front end and pharmacy. Supports pharmacy inventory management activities, including receiving, counting, orderin ...
-
Inventory Control Specialist
1 week ago
Entrust Manufacturing Technologies Menomonee Falls, United StatesJOB REQUIREMENTS: POSITION SUMMARY The Inventory Control Specialist is responsible for ensuring sub-assembly kits are sorted and clearly labeled, properly identified and inspected for use in sub assembly, and staged properly for build team. The Inventory Control Specialist will a ...
-
Inventory Control Specialist
1 week ago
UNISIG Menomonee Falls, United States*** · The Inventory Control Specialist is responsible for ensuring sub-assembly kits are sorted and clearly labeled, properly identified and inspected for use in sub assembly, and staged properly for build team. The Inventory Control Specialist will also be responsible for follow ...
-
Inventory Control Specialist
1 day ago
Sky Consulting Inc Campbellsport, United StatesJob Description · Job Description The Inventory Specialist will be an important part of the inventory program. They will oversee the processes and procedures for the designated program and should be familiar with working with a large-volume, small-part inventory. Must be able to ...
-
inventory control specialist
2 weeks ago
Phoenix Products LLC Milwaukee, United StatesJob Description · Job DescriptionDescription:Essential Job Requirements: · Responsible for ability to perform total and accurate cycle counts: Physical counts · System analysis and maintenance (AX) · Reconciling Inventory · Root Cause analysis for discrepancies · Monitor producti ...
-
Inventory Specialist
4 days ago
CTDICTDI Campbellsport, United StatesSummary · The Inventory Specialist will be an important part of the inventory program. They will oversee the processes and procedures for the designated program and should be familiar with working with a large-volume, small-part inventory. Must be able to organize large amounts ...
-
Inventory Specialist
2 weeks ago
Gorilla Mill Waukesha, United States**Job Summary**: · The Inventory Specialist is responsible for ensuring cost-effective inventory levels so that production meets customer expectations. · **Responsibilities**: · **Inventory**: · - Create production jobs for specials to determine if we need stock, bill of material ...
-
Inventory Specialist
5 days ago
CIRA TEKNICS Campbellsport, United States**Inventory Specialist** · **Campbellsport, WI, 53010** · **Contract** · **Onsite** · **12 months** · **$17.56/hr** · 1st Shift —7:00 AM - 3:30 PM · **Roles & Responsibilities** · Verify stock information and unit identification numbers Inventory and Audit equipment and parts · U ...
-
Inventory Specialist
4 days ago
Plaxonic Technologies Campbellsport, United StatesTitle: Inventory Specialist · Location: Campbellsport, WI, 53010 · Job Summary · You will keep track of all the Inventory the Contractors use to run the WIFI Cable to bury the fiber. (Material such as splitters, construction material, vaults(protecting electrical wiring) markers, ...
-
Inventory Specialist
1 week ago
unizon technology Campbellsport, United States**Summary** · You will keep track of all the Inventory the Contractors use to run the WIFI Cable to bury the fiber. (Material such as splitters, construction material, vaults(protecting electrical wiring) markers, etc...) on a Contractor site. We label the inventory and place the ...
-
Inventory Specialist
3 weeks ago
RIT Solutions Inc Campbellsport, United States**Role: Inventory Specialist** · **Location: Clinton, Campbellsport, Rhinelander, WI** · **Pay--$18-$20/hr. (As per location and experience)** · **Full Time 1st Shift Openings Available—7:00 AM - 3:30 PM** · **Roles & Responsibilities** · Verify stock information and unit identif ...
-
Inventory Specialist
1 week ago
Zodiac Solutions Campbellsport, United States**Roles & Responsibilities**: · - Verify stock information and unit identification numbers Inventory and Audit equipment and parts · - Unpackage, sort and stage units for production · - Receive units using RF handheld devices · - Maintain accurate inventory · - Perform cycle coun ...
-
Production Scheduling and Inventory Specialist
4 weeks ago
Krete Milwaukee, United StatesPrimary Job Focus: · Responsible for all company inventory outbound and inbound. This includes customer orders and samples, warehouse inventory, production scheduling, raw material orders, and shipping/tracking. · Responsibilities: · General customer service · Main/first person t ...
-
Inventory Management Specialist
3 weeks ago
Telcom Construction Inc Oak Creek, United StatesOverview and Essential Functions · Attention Inventory Professionals: Are you looking for your next opportunity in one of the fastest growing industries in the country? TelCom Construction is hiring a full-time Inventory Coordinator to maintain responsibility for location yard(s) ...
Forecasting/Inventory Specialist - Mequon, United States - DHI Corp
3 weeks ago
Description
Job Type
Full-time
Description
The Forecasting/Inventory Analyst uses historical data, customer and industry knowledge, and current market conditions to predict future business trends and outcomes. Their role also analyzes inventory data, demand forecasts, and sales patterns to make strategic decisions to optimize inventory levels (increase turns), production processes, and supply chain efficiency. Their dual role is crucial in assisting the company make informed decisions and improve processes while meeting the company's goals.
Requirements
Essential duties and responsibilities:
This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities as management may deem necessary.
50% Forecasting