What are the responsibilities and job description for the Forecast Analyst position at Knauf Insulation?
Overview:
We welcome passionate and creative individuals who thrive in an entrepreneurial, collaborative and ever-changing environment. Watch our values video to learn more about what we do, our commitment to sustainability and our company values and culture.
We know how important your health, wellbeing, and financial strength is to you. To support you, we provide affordable benefits for you and your family members.
"Supporting all aspects of the individual — self, health, wealth and community”
Our benefits include:
Apply online or contact us to hear why our employees appreciate being part of the Knauf family!
Summary of Position:
As a Forecast Analyst, you will work closely with Menard, Inc. and Knauf Insulation to create the most effective system possible to maximize Sales, Profits and Inventory Flow.
Responsibilities:
Planning/Forecasting
Promotions
Stores/SKUs
Store Visits
Reporting
Qualifications:
Experience:
Knowledge, Skills and Abilities:
It is the policy of Knauf Insulation to provide equal employment opportunities to all qualified persons without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, protected veteran status or any other protected characteristic prohibited by applicable law.
Knauf Insulation North America is the world's fastest-growing insulation manufacturer. We are wholly committed to the conservation of the environment while also sustainably developing and manufacturing a comprehensive line of acoustical fiberglass insulation for residential, commercial, industrial, marine, OEM and metal building applications, using post-consumer recycled materials.
We welcome passionate and creative individuals who thrive in an entrepreneurial, collaborative and ever-changing environment. Watch our values video to learn more about what we do, our commitment to sustainability and our company values and culture.
We know how important your health, wellbeing, and financial strength is to you. To support you, we provide affordable benefits for you and your family members.
"Supporting all aspects of the individual — self, health, wealth and community”
Our benefits include:
- Medical, Dental, Vision – starting on day one!
- Virtual Medical Services
- 401(k) Retirement Plan (earn 100% matching on your first 6% and fully vested day one)
- Paid parental leave
- Company paid life insurance
- Vacation time to enjoy getting away
- Tuition Reimbursement
- Employee Assistance Program (EAP)
- Plus, more!
Growth opportunities available!
Apply online or contact us to hear why our employees appreciate being part of the Knauf family!
Summary of Position:
As a Forecast Analyst, you will work closely with Menard, Inc. and Knauf Insulation to create the most effective system possible to maximize Sales, Profits and Inventory Flow.
Inventory Control
- Attend training meetings to learn Menard Applications (First 8-9 Weeks, then Monthly session)
-
Weekly meetings with Analysts
- Provide meeting minutes including discussion topics and action items
- Manage DCM to obtain optimal inventory levels and inventory turns
- Generate/adjust purchase orders to replenish stores/DCs
- Track purchase orders to assure product arrives on time and receiving the correct quantities
- React to purchase orders that are more than seven days past due and those with backorders
- Maximize efficiency by allocating DC stock orders for upcoming regular/promotional sales instead of putting into stock to pull out a week or two later
- Review SKU Concerns and Store Emails and make adjustments to resolve the concerns
Planning/Forecasting
- Developing plans to stay in stock and prepare is imperative
- Follow through with plans laid out to ensure we stay in stock
- React to situations that may alter the original plan
- Execute plan properly to effectively manage inventory replenishment
- Assure DCM is forecasting correctly based on projected regular and promotional sales
- Make adjustments to DCM to accommodate for any variances in forecast
- Monitor accuracy of forecast and communicate forecast with Vendor
- Maintain maximum in-stock position in the stores
- Discover causes and solutions for out of stock problems
- Turn inventory with high frequency while maintaining optimal inventory at the stores/DCs
- Flow bulky, high volume items with more frequency
- Find causes/solutions to inventory over max allowed due to space constraints at stores/DCs
- Provide continuous effort to achieve the goal of effective inventory management
Promotions
- Provide stores with the correct amount of inventory to cover sales during promotion
- Flow of orders during promotions
- Follow up orders to maintain proper inventory levels after promo
- Report and evaluate Sales $, Margin $, Unit Sales at the completion of the promotion, with emphasis on comparing promotions to determine the most effective methods
Stores/SKUs
- Create new stores orders keeping correct inventory level for sales and display quantities
- Tracking the orders to assure product arrives 100% complete and on time
- Follow up orders/Grand Opening and promotion orders
- Suggest replacement SKU whenever possible
- Interface ARS for new SKU to provide more accurate forecast
- Verify all SKUs/Stores set up correctly
- Provide analysis to support making recommendations for correct product mix
- Provide suggestions for new/different products in certain stores; evaluate Plan-O-Gram (POG) for correct holding power at stores
Store Visits
- Travel to store once per month or at the company’s discretion.
- Make sure counts are accurate at store and entered into system before leaving
- Shelves/Displays faced, clean and working
- Down-stock product from overstock
- Put incoming freight on shelves
- Assure all signs and bin tags are correct and in place
- Correct any issues discovered during visit
- Report findings upon return via store audit form
Reporting
- Ad-hoc reporting as requested using MSI
- Weekly reports
-
Review of last four weeks and year to date
- Recap actions taken during the week and results/expected results
- Include promotion reporting for promotions ending the prior week
-
Monthly reports
- Review of all completed months for the current year
- Report on causes/effects of results
- Communicate any changes made and expected outcome
Qualifications:
Education:
- Bachelor’s Degree in Management, Operations, Accounting, Economics, Technical or related field preferred
Experience:
- Minimum five (5) years of forecasting and analytical experience utilizing market research
Knowledge, Skills and Abilities:
- Knowledge of an ERP system
- Knowledge of forecasting analytic systems, preferably Demand-Chain Management or similar system
- Ability to analyze information and evaluate results
- Computer skills in a MS Windows Environment; must have knowledge of Excel (Expert), Word (User), and PowerPoint (User)
- Drives the highest levels of employee retention and engagement to ensure a sustainable workforce.
- Fosters a culture of innovation, collaboration, and accountability within the organization.
- Instills an environment of inclusion, where all employees feel that they can contribute and impact the company in a positive manner.
It is the policy of Knauf Insulation to provide equal employment opportunities to all qualified persons without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, protected veteran status or any other protected characteristic prohibited by applicable law.
