About this role
Job Description:
Key Responsibilities – CPFR (Collaborative Planning, Forecasting and Replenishment) 1. Collaborative Planning and Forecasting • Collaborate with internal teams and external clients to develop accurate demand forecasts and replenishment plans over a horizon greater than 6 months. • Develop tools and establish processes to improve forecast accuracy, reduce stockouts, and minimize excess inventory. • Monitor key performance indicators (KPIs) and adjust forecasts accordingly to meet service level agreements.
2. Inventory Optimization • Apply actuarial principles to analyze inventory levels, demand patterns, and lead times to optimize stock levels and reduce distribution costs. • Develop inventory policies and strategies to mitigate supply chain risks while ensuring product availability.
3. Data Analysis and Modeling • Use statistical modeling techniques to analyze historical data, identify trends, and forecast future demand. • Build predictive models incorporating actuarial methods to assess risk and uncertainty in demand forecasts.
4. Cross-functional Collaboration • Work closely with cross-functional teams, including sales, operations, and supply, to align forecasts with business objectives. • Effectively communicate forecast changes, inventory recommendations, and potential supply risks to cross-functional teams (sales, procurement, supply).
5. Continuous Improvement • Identify opportunities for process improvement and automation to optimize recurring CPFR tasks and increase efficiency and effectiveness. • Stay up to date with industry trends, best practices, and emerging technologies in supply chain management and actuarial science.