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Forecast Analyst

Forecast Analyst

WoolworthsWes-Kaap, South Africa
18 days ago
Job description

Job category : Other : FMCG, Retail, Wholesale and Supply Chain

Location : Western Cape

Contract : Permanent

EE position : No

Introduction

To investigate, analyse, and fine tune planning and forecasting parameters, while continuously improving inputs for the Fashion, Beauty, and Home BU. These forecasting systems inform merchant decisions, drive product buy volumes, and support effective stock allocation and replenishment to stores.

Parameter Management

  • Manage the parameters & algorithms within the demand planning systems to optimise the weekly sales forecasts
  • Identify opportunities, adjust and optimise :

the calculation that drives the cleansing of sales

  • the model that drives price elasticity
  • the calculation of planning system inputs such as APS, Store Deviations & Ranking

    • Profile Management

  • Generate and continuously improve :

    • seasonal profiles to enable accurate sales demand forecasts driving optimal chain & store intake

  • size profiles for the purpose of allocating correct sizes to stores
  • APS management and optimizing

    • Forecasting

  • Measure and report on forecast accuracy to enable the delivery to availability targets
  • Identify & execute opportunities to improve the forecast accuracy

    • Business Reporting

  • Provide business analysis on key initiatives and current business issues to assist the business in decision making

    • Allocation & Replenishment Input

  • Provide input into the optimisation of allocation & replenishment algorithms

    • System and Process Support

  • Provide support on the forecasting and profiling systems
  • Pro‑active identification of system issues – forecasting, seasonal profiles, size profiles, sales cleansing service, analytics services
  • Provide administrative support around the system maintenance

    • Communication with Stakeholders

  • Identify relevant stakeholders and communicate requirements for delivery for the various business operations timeously
  • Provide ongoing coaching and support on centralised business processes to relevant stakeholders
  • Providing support to the planning community on identifying and improving forecast accuracy, analytics and profiles.

    • Qualifications

  • 3-5 years retail experience or relevant equivalent experience
  • Relevant business diploma / degree (Retail business management / BCom / Clothing management / BScience / BA, Stats-advantageous)
  • Broad merchandising skills
  • Data analysis experience
  • Forecasting knowledge / experience
  • Advanced Excel skills and computer literacy
  • Effective communication skills
  • Good knowledge of business IT systems (Forecasting, Range & Assortment Planning, Analytical e.g. SAS, Reporting Cubes)
  • AI forecasting experience would be an advantage

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    Analyst • Wes-Kaap, South Africa