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A Demand Analyst is a vital role focused on forecasting and analyzing the demand for products or services within a company. They utilize various data sources and analytical tools to identify trends, create predictive models, and provide actionable insights. Their work includes collaborating with sales, marketing, and supply chain teams to optimize inventory levels, ensure product availability, and enhance customer satisfaction. By identifying potential market opportunities and preventing shortages or oversupply, Demand Analysts help businesses make informed decisions that drive growth and efficiency.
- Bachelor's degree in Business, Economics, Supply Chain Management, Statistics, or a related field
- Minimum of 3-5 years of experience in demand planning, forecasting, or a related analytical role
- Proficiency in demand planning software (e.g., SAP APO, Oracle Demantra, or similar tools)
- Advanced knowledge of Microsoft Excel and data analysis tools
- Strong analytical skills and the ability to interpret complex data
- Proficiency in statistical analysis and forecasting techniques
- Experience with market research and analysis
- Strong organizational and time management skills
- Excellent written and verbal communication skills
- Ability to work collaboratively in a cross-functional team environment
- Detail-oriented with a high degree of accuracy
- Strong problem-solving skills and ability to make data-driven decisions
- Experience in inventory management and supply chain processes
- Familiarity with ERP systems and databases
- Ability to manage multiple tasks and prioritize effectively
- Professional certification (e.g., APICS, IBF) is a plus
- Monitor and analyze sales data to forecast future demand trends
- Develop and update demand forecasts using statistical models and data analysis tools
- Collaborate with cross-functional teams, including sales, marketing, and supply chain, to gather input and insights for demand planning
- Identify and analyze discrepancies between actual sales and forecasted demand, providing recommendations for adjustments
- Prepare and present detailed demand reports and insights to key stakeholders
- Manage and update demand planning software and databases with current data
- Conduct market research and analysis to understand industry trends and their impact on demand
- Track and analyze promotional activities and their effect on product demand
- Work closely with inventory management teams to ensure optimal stock levels based on demand forecasts
- Participate in regular review meetings to discuss demand planning performance and improvements
- Support the development and execution of demand planning strategies to support overall business goals
- Communicate regularly with suppliers and customers to obtain updates on product availability and upcoming demand changes
- Assist in the development and refinement of demand planning processes and methodologies
- Identify potential risks in demand forecasts and develop mitigation plans
- Provide insights and recommendations for product lifecycle management based on demand analysis
The ideal candidate for the role of Demand Analyst will possess a solid educational background with a Bachelor's degree in Business, Economics, Supply Chain Management, Statistics, or a related field. They will bring a minimum of 3-5 years of tangible experience in demand planning and forecasting, showcasing proficiency with industry-standard demand planning software such as SAP APO or Oracle Demantra, and advanced knowledge of Microsoft Excel and other data analysis tools. With an analytical mindset, this candidate excels at interpreting complex datasets and applying statistical analysis and forecasting techniques to predict future demand trends accurately. They will have a proven track record in conducting market research and collaborating effectively with cross-functional teams, including sales, marketing, and supply chain, to gather insights and drive business strategies. Superior communication skills, both written and verbal, enable them to present detailed reports and insights clearly to key stakeholders. Attention to detail, strong organizational and time management capabilities, and the ability to handle multiple priorities will set them apart. This candidate is adaptable, thrives under pressure, and exhibits a strategic and proactive approach to problem-solving, always striving for continuous improvement. Additionally, they are customer-oriented, highly ethical, and demonstrate resilience and professionalism, making them a valuable asset to the organization.
- Monitor and analyze sales data to forecast future demand trends
- Develop and update demand forecasts using statistical models and data analysis tools
- Collaborate with cross-functional teams, including sales, marketing, and supply chain, to gather input and insights for demand planning
- Identify and analyze discrepancies between actual sales and forecasted demand, providing recommendations for adjustments
- Prepare and present detailed demand reports and insights to key stakeholders
- Manage and update demand planning software and databases with current data
- Conduct market research and analysis to understand industry trends and their impact on demand
- Track and analyze promotional activities and their effect on product demand
- Work closely with inventory management teams to ensure optimal stock levels based on demand forecasts
- Participate in regular review meetings to discuss demand planning performance and improvements
- Support the development and execution of demand planning strategies to support overall business goals
- Communicate regularly with suppliers and customers to obtain updates on product availability and upcoming demand changes
- Assist in the development and refinement of demand planning processes and methodologies
- Identify potential risks in demand forecasts and develop mitigation plans
- Provide insights and recommendations for product lifecycle management based on demand analysis
- Strong analytical mindset
- Attention to detail
- Excellent problem-solving skills
- Collaborative team player
- Effective communicator
- Proactive and self-motivated
- Highly organized
- Adaptable to changing environments
- Ability to work under pressure
- Strategic thinker
- Customer-oriented approach
- Strong numerical aptitude
- Eagerness to learn and improve
- Resilient and persistent
- High degree of professionalism
- Strong ethical standards
- Competitive salary range (based on experience and qualifications)
- Comprehensive health insurance (medical, dental, vision)
- 401(k) retirement plan with company match
- Paid time off (PTO) and holidays
- Flexible work schedule options
- Remote work opportunities
- Professional development and training programs
- Tuition reimbursement for further education
- Employee wellness programs
- Work-life balance support, including parental leave
- Employee assistance programs (EAP) for personal and professional support
- Performance-based bonuses and incentives
- Opportunities for career advancement and growth
- Collaborative and inclusive work environment
- Company-sponsored social and team-building events
- Onsite fitness center and wellness initiatives (if applicable)
- Commuter benefits and transportation assistance (if applicable)
- Company discounts and perks
- Volunteering and community service opportunities
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