Demand Planner

1 week ago

Bengaluru, Karnataka, India Target Full time

About us:

Target is an iconic brand, a Fortune 50 company and a leading global retailer.

We are constantly reimagining how this $100 billion retailer offers innovative, guest-inspiring items for which Target is known and loved.

We aim to deliver exceptional value, quality and style to elevate Target as the premier retailer in a competitive global marketplace.


Role:

A role in Planning means being in charge of the financials and forecasting for one of Target's businesses.

Here, you'll conduct a comparative analysis of holiday or other seasonal performance reports and provide the insights that inform the Inventory team's work to ensure that the product supports projected sales.

Acting as the hub between Merchandising and Supply Chain, you will create a financial link between these two essential groups and have a voice in some of the most critical decisions from a financial strategy standpoint.


Responsibilities:

  • Develop accurate demand forecasts (operational forecasts) of all line items across multiple time horizons for their accountable business segment by using a combination of statistical forecasting integrated with insights gained via collaborating with HQ Planning, Merchandising, Inventory and Finance departments. Ensure consistent integration into the forecast of insights, base business trends, promotional merchandising plans, new item volumes, planogram changes and seasonal volume to minimize forecast error. Work crossfunctionally toward continuous improvement of forecast accuracy and improve the error rate below targeted levels of Weighted Mean Absolute Percentage Error (WMAPE) and Bias.
  • Act as liaison between the HQ Planning and Indiabased Planning and Inventory teams.
  • Develop/Support the monthly forecasting process; maintain baseline / statistical forecasts, collect Sales and promotional forecast drivers, and highlight changes and drivers in the plan to key stakeholders. Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results
  • Develop operational forecasts at various levels to drive global business awareness; this includes SKU level by region
  • Analyze historical data and current trends to identify risks and opportunities at the item level
  • Recap and analyze actual sales results to plan; forecast inseason daily and monthly sales and inventory monthly and quarterly.
  • Use and develop the systems and processes needed to ensure our core assortment is continually being assessed at the SKU level and sales demand is being met at all times

Qualifications:

  • Minimum eight years of Supply Chain work experience, with at least 6 of those with a focus on Demand Planning, preferably in the food & beverage or fastmoving global consumer goods industries
  • Thorough understanding of demand management, strong analytical skills, strong communication and influencing skills to bring diverse teams to consensus.
  • Proven ability to work in a fastpaced, ambiguous environment
  • Proven experience in developing and improving planning processes with little supervision
  • Demonstrated success in driving continuous improvement initiatives in customer service levels
  • Skilled in relationship management within your team, Planning, Inventory, Merchandising, and Finance to drive a continuous improvement mindset across the supply chain and the entire organization.
  • Strong knowledge of advanced analysis techniques and forecasting models
  • Proficiency in Microsoft Office Excel (vlookup, pivot tables, macros), PowerPoint.

Preferred Skills:

  • MBA
  • Operations and/or APICS
  • CSCP or IBF Certified Professional in Demand Planning
  • Knowledge of statistical methods of analysis, SQL Intermediate skills, and exposure to Python is an add on

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