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- 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.
- 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.
- Other info: Initial 6-month contract with potential for extension; equal opportunity employer.
The predicted salary is between 36000 - 60000 £ per year.
Job Title: Parts Forecasting Analyst Location: Warwick Contract Length: Initial 6 months (then extended on 3 month rolling basis) Randstad 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: Your responsibilities * 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. * To calculate safety stock that buffers uncertainty in future demand. * To collaborate with other Forecasting team members, Parts Delivery, Procurement, Engineering, Finance and Sales to agree on demand plans and impacts. * To analyse future supply and demand in SAP to predict future inventory levels and anticipate future excess. * To analyse data from various sources to identify trends and improve forecasting accuracy. * To be process compliant through the use of company standard systems, processes and reports. * To create reports on forecast accuracy, safety stock, and current and future inventory. * To manage new requests to buy excess inventory. Use and improve the Excess Inventory Authorisation process. Let’s talk about you Your profile * 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) * You must be an excellent communicator that is robust in their approach along with problem solving and proactive skills * You will have a solid understanding of SAP or similar ERP systems * You will have strong data skills, primarily, but not restricted to, MS Excel * You will have experience in Process Improvement We 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. If 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
Contact Detail:
Randstad Sourceright Recruiting Team
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 demand forecasting. Consider taking online courses or tutorials to enhance your skills and demonstrate your commitment to mastering the necessary software.
✨Tip Number 2
Brush up on your data analysis skills, particularly in MS Excel. Being able to manipulate and interpret data effectively will set you apart, so practice creating pivot tables, using advanced formulas, and visualising data trends.
✨Tip Number 3
Network with professionals in demand planning and inventory management. Join relevant LinkedIn groups or forums where you can ask questions, share insights, and learn from others' experiences in the field.
✨Tip Number 4
Prepare to discuss your problem-solving approach during interviews. Think of specific examples where you've successfully tackled challenges in demand planning or inventory management, as this will showcase your proactive skills and ability to collaborate effectively.
We think you need these skills to ace Parts Forecasting Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Parts Forecasting Analyst. Familiarise yourself with key terms like demand planning, inventory optimisation, and SAP to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in demand planning or material requirements planning (MRP). Be specific about your achievements and how they relate to the job description.
Showcase Data Skills: Since strong data skills are crucial for this role, mention your proficiency in MS Excel and any other relevant data analysis tools. Provide examples of how you've used these skills in previous roles to improve forecasting accuracy.
Tailor Your Application: Customise your cover letter to reflect your understanding of the company’s needs. Discuss how your proactive problem-solving skills and communication abilities can contribute to their goals in parts forecasting and inventory management.
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 forecasting.
✨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
The ability to solve problems proactively is key in this role. Think of specific challenges you've faced in demand planning or inventory management and how you overcame them. Sharing these experiences will highlight your critical thinking skills and adaptability.