At a Glance
- Tasks: Predict parts demand, optimise inventory, and analyse data to ensure timely availability.
- Company: Join a leading global energy solutions provider focused on innovation and sustainability.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Other info: Initial 6-month contract with potential for extension; apply promptly for consideration.
- Why this job: Be part of a dynamic team making a real impact in the energy sector.
- Qualifications: Experience in Demand Planning and strong data skills, especially in SAP and Excel.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Job Title: Parts Forecasting Analyst\\n\\nLocation: Warwick\\n\\nContract Length: Initial 6 months (then extended on 3 month rolling basis)\\n\\nRandstad Sourceright, a leading provider of RPO & MSP Recruitment Services are seeking a Parts Forecasting Analyst to join a leading global energy solutions provider. You will be responsible for predicting future parts demand, optimizing inventory levels, and contributing to the timely availability of parts to meet customer needs. This role involves analysing data, communicating with customers and other departments, and implementing strategies to minimize stockouts and excess inventory.
Some of the main duties might include but are not limited to:\\n\\nYour responsibilities\\n\\n * \\n\\n To predict future parts demand and manage the forecast in SAP. Forecasting future parts requirements based on historical data, sales forecasts, and other relevant factors.\\n\\n * \\n\\n To calculate safety stock that buffers uncertainty in future demand.\\n\\n * \\n\\n To collaborate with other Forecasting team members, Parts Delivery, Procurement, Engineering, Finance and Sales to agree on demand plans and impacts.\\n\\n * \\n\\n To analyse future supply and demand in SAP to predict future inventory levels and anticipate future excess.\\n\\n * \\n\\n To analyse data from various sources to identify trends and improve forecasting accuracy.\\n\\n * \\n\\n To be process compliant through the use of company standard systems, processes and reports.\\n\\n * \\n\\n To create reports on forecast accuracy, safety stock, and current and future inventory.\\n\\n * \\n\\n To manage new requests to buy excess inventory. Use and improve the Excess Inventory Authorisation process.\\n\\nLet’s talk about you\\n\\nYour profile\\n\\n * \\n\\n You will have working experience in Demand Planning, and a proven understanding of Material Requirements Planning (MRP) (this experience is highly desirable but not essential)\\n\\n * \\n\\n You must be an excellent communicator that is robust in their approach along with problem solving and proactive skills\\n\\n * \\n\\n You will have a solid understanding of SAP or similar ERP systems\\n\\n * \\n\\n You will have strong data skills, primarily, but not restricted to, MS Excel\\n\\n * \\n\\n You will have experience in Process Improvement\\n\\nWe are committed to providing equal employment opportunities and encourage all qualified candidates to apply.
While the hiring process may not be expedited, we urge all interested candidates to submit their applications promptly to ensure their consideration.\\n\\nIf this isn’t the role you’re looking for right now, please visit our contractor portal below where you will see all of our live roles and communities to join
Parts Forecasting Analyst employer: Randstad Sourceright
Join a leading global energy solutions provider in Warwick as a Parts Forecasting Analyst, where you will thrive in a dynamic work culture that values collaboration and innovation. With a strong commitment to employee growth, the company offers opportunities for professional development and skill enhancement, ensuring you can make a meaningful impact while enjoying a supportive environment. Benefit from competitive compensation, flexible contract terms, and the chance to work with cutting-edge technology in a pivotal role that directly influences customer satisfaction.
StudySmarter Expert Advice🤫
We think this is how you could land Parts Forecasting Analyst
✨Tip Number 1
Familiarise yourself with SAP and other ERP systems, as this role heavily relies on these tools for forecasting and inventory management. Consider taking online courses or tutorials to boost your confidence and skills in using these platforms.
✨Tip Number 2
Brush up on your data analysis skills, particularly in MS Excel. Being able to manipulate and interpret data effectively will be crucial in predicting parts demand and improving forecasting accuracy.
✨Tip Number 3
Network with professionals in the field of demand planning and inventory management. Engaging with others can provide insights into best practices and may even lead to referrals or recommendations for the position.
✨Tip Number 4
Prepare to demonstrate your problem-solving abilities during interviews. Think of specific examples from your past experiences where you successfully tackled challenges related to forecasting or inventory management.
We think you need these skills to ace Parts Forecasting Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in Demand Planning and Material Requirements Planning (MRP). Use specific examples that demonstrate your skills in forecasting, data analysis, and communication.
Craft a Strong Cover Letter:In your cover letter, express your enthusiasm for the Parts Forecasting Analyst role. Mention your familiarity with SAP or similar ERP systems and how your data skills can contribute to optimising inventory levels.
Showcase Your Data Skills:Since strong data skills are essential for this position, consider including a section in your CV or cover letter that details your proficiency in MS Excel and any relevant projects where you improved forecasting accuracy.
Highlight Collaboration Experience:Emphasise any past experiences where you collaborated with cross-functional teams. This will demonstrate your ability to work effectively with departments like Procurement, Engineering, and Sales, which is crucial for this role.
How to prepare for a job interview at Randstad Sourceright
✨Showcase Your Data Skills
As a Parts Forecasting Analyst, strong data skills are crucial. Be prepared to discuss your experience with data analysis and tools like MS Excel. Bring examples of how you've used data to make informed decisions in previous roles.
✨Understand SAP and ERP Systems
Familiarity with SAP or similar ERP systems is essential for this role. Brush up on your knowledge of these systems before the interview, and be ready to explain how you've used them in past positions to manage inventory and forecast demand.
✨Communicate Effectively
Excellent communication skills are a must. Practice articulating your thoughts clearly and concisely, especially when discussing complex topics like demand planning and inventory management. Consider preparing a few scenarios where you successfully collaborated with other departments.
✨Demonstrate Problem-Solving Abilities
This role requires proactive problem-solving skills. Think of specific challenges you've faced in demand planning or inventory management and how you overcame them. Be ready to share these examples during your interview to highlight your analytical thinking.
