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Posted May 23rd

Demand Planning / Statistical Forecast Analyst

Chicago, Illinois


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Employer

Vital Proteins

Industry

Supplier

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Posted May 23rd

Demand Planning / Statistical Forecast Analyst

Chicago, Illinois

Function

Supply Chain/Logistics

Experience

Other

Type

Full Time

Vital Proteins is a dynamic organization consisting of a team of passionate individuals who believe whole-food-based nutrition is essential for overall health, fitness and wellbeing. Our team is comprised of intelligent and innovative talent who work collaboratively to ensure creativity, success, and global growth. At Vital Proteins, our mission is to empower our company, team, customers and consumers to live a full, vibrant life. We seek to hire, develop and support individuals, who continually ask questions and seek out ways to improve strategies and tactics involving our brands, sales, operations, innovation and other go-to market activities.

The Demand Planner is responsible for creating and maintaining the sales forecasts and demand plan for a category of products. The activities include building and cleansing historical baselines, calculating baseline forecasts, working with the commercial team to establish incremental forecasts for promotions, and other marketing events; as well as build assumption-based projections for new product launches or product extensions. In addition, the role is expected to maintain all demand planning related tools, and historical data repositories for a category of products. Reporting to the Demand Planning Manager, this role will be located in our corporate office in Fulton Market but on occasion travel to our warehouse and production facility in Franklin Park.

What you will be responsible for:
  • Calculating statistical baseline forecasts
  • Creating statistical modeling based on historical information.
  • Building incremental forecasts (event based, promotional lifts etc.).
  • Reviewing historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
  • Attending the monthly forecast collaboration meetings with key account managers. Review prior month's forecast accuracy and assess rolling 12-24 months forward forecast.
  • Preparing and monitoring forecast KPI's on a weekly, monthly and quarterly basis, taking corrective actions as necessary.
  • Analyzing actual sales and emerging trends in comparison to forecasts.
  • Developing and maintaining very strong relationships with commercial team through excellent listening and communication skills to ensure an effective sales forecasting process.
  • Building new product launch or extension forecasts to support company growth and submit accurate demand projections to supply chain.
  • Provide input in developing inventory strategies on existing items, new products, and product phase-outs
  • Communicating with supply planning and master production scheduling to provide information on daily/ weekly changes to demand.
  • Identifying areas in need of improvement and create/present recommendations
  • Collaborating with the leadership team to implement process improvements.

Who you are:
  • You have a bachelor's degree in Engineering, Operations Research, Math/Statistics, Supply Chain, Analytical Marketing or Operations Management (required).
  • You have minimum 5+ years of experience statistical forecasting, statistical modeling, demand planning in CPG industry (required).
  • Proven track record of demand planning focus
  • You have demonstrated experience with statistical forecasting tools such as DemandWorks, Logility, SAS, JDA, Manugistics.
  • Ability to create and understand the statistical data modeling in excel.
  • You have participated in sales forecast collaboration and Demand Review Meetings.
  • You have exceptional computer skills; ERP, Business Intelligence systems or equivalent (Tableau or Power BI) and Word, Advanced Excel, PowerPoint.
  • You have excellent communication skills to effectively communicate across multiple departments and through multiple levels of the organization.
  • You have demonstrated influencing, negotiating and conflict management skills.
  • You have strong working knowledge of effective supply chain performance including supply planning, customer service, supplier and asset management.
  • You have strong passion for creating process and systems improvement.
  • You have attendance or participation in external industry events and/or membership in forecasting organizations such as IBF.
  • You must have the ability to read, write and understand English.

#LI-RB1

At Vital Proteins, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion, sex, pregnancy, national origin, age, disability, marital status, sexual orientation, gender identity, gender expression, military or veteran status, and any other characteristic protected by applicable law. We believe that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

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Location
Chicago, Illinois