What are the responsibilities and job description for the Forecasting Manager position at Standard Textile?
Standard Textile has been inspiring care, comfort, and change in our communities since 1940. While our business is creating innovative textiles, it’s our purpose that guides the solutions we offer and drives how we treat our customers, our associates, and the impact we make in our communities. We hold ourselves to a higher standard. A higher standard for why we exist, for how we create, and for what's next.
The Forecasting Manager will collaborate closely with the Supply Chain Function and Business Units. The role will be responsible for leading the demand planning process and forecasting team to ensure we meet our customer's needs and optimize our supply chain operations. This role will also develop new forecasting tools and scalable processes to simplify growing business complexities and improve forecast accuracy.
The Forecasting Manager will present data and provide demand insights into the S&OP process. This role will also drive cross-functional alignment on forecasting decisions amongst the key stakeholders: Sales, Supply Planning, and Finance.
Key Responsibilities Include:
- Manages the Demand Planning processes to optimize aligned forecasts with Business Units
- Creates monthly Demand forecast in collaboration with Business Units and Supply Chain
- Adjusts item level forecasts when necessary and identifies potential issues to the Business Units Partner with Functional Teams and Business Units to gather inputs to build the consensus demand plan through the S&OP process
- Work closely with the supply planning team to understand and resolve known supply constraints or excess inventory risks and communicate to commercial teams in the S&OP demand review
- Work with the business in action plans to help in the excess/obsolete reduction
- Ensure consistency of forecast assumptions across the business unit, including base business forecasts, promotional plans, new product launches, and seasonal volume
- Ensure alignment of Demand Forecast with Sales Estimate and/or provide reconciliation and analysis of variance
- Analyze historical sales data and future plans
- Work cross-functionality and proactively monitor forecast error/accuracy including root cause analysis to achieve continuous improvement in demand forecast accuracy
- Prepare and maintain relevant reports pertaining to the S&OP and demand planning process
Qualifications Include:
- BA/BS degree in Business, Economics, Statistics, Supply Chain, Engineering, or related field preferred
- Minimum 5 years of relevant business experience within Forecasting, Supply Chain, and/or S&OP leadership
- Management experience
- Possess well-developed communication (written and oral) and interpersonal skills to be able to build strong work relationships with all levels of the organization
- Possess strong organizational skills with the ability to prioritize, handle multiple tasks, and work independently
- Attention to detail
- Demonstrate professional judgment and sound decision-making skills
- Ability to manage in complex situation often needing to deliver innovative results
- Preferred experience in Microsoft Excel, PowerBI, JDEdwards E1, and Oracle Fusion
Proudly, Standard Textile has earned a title of US Best Managed Company for the fourth year running, an honor awarded by Deloitte Private and The Wall Street Journal, celebrating the exceptional achievements of American private companies and their management teams.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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