Forecast Analyst/Material Planner/Demand Planner

1 day ago

Central Region, Singapore NewPower Worldwide Pte Ltd Full time $70,000 - $120,000 per year

ABOUT THE COMPANY

NewPower Worldwide is the fastest growing global independent distributor of electronic components, committed to delivering high-quality solutions to our customers worldwide. We are currently seeking a Forecast Analyst/Planner to join our dynamic team and contribute to our continued success in the industry.

JOB OVERVIEW

The Forecast Analyst/Planner will play a critical role in managing demand planning based on a rolling 6-month customer forecast and actual demand. This position is key to ensuring timely delivery while maintaining optimal inventory levels. The ideal candidate will work closely with customers to assess forecast accuracy and reliability, using this data to develop strategic inventory management plans. By leveraging insights from customer forecasts, the Forecast Analyst/Planner will help drive operational efficiency, minimize stockouts or overages, and support a seamless supply chain process to meet customer demands.

JOB ROLES & RESPONSIBILITIES

Planning

  • Develop and maintain plans based on a 6-month rolling forecast and actual customer demand.
  • Coordinate with relevant teams to align schedules with forecasted requirements.
  • Adjust plans dynamically in response to changes in customer demand or forecast updates.

Forecast Analysis

  • Analyze monthly variances between forecasted and actual demand.
  • Identify trends, gaps, and inconsistencies in customer forecasts.
  • Prepare and present monthly forecast accuracy reports to internal stakeholders and customers.

Customer Engagement

  • Conduct regular reviews with customers to discuss forecast reliability and accuracy.
  • Collaborate with customers to improve forecast quality and responsiveness.
  • Provide data-driven recommendations to enhance forecasting practices.

Inventory Management

  • Develop inventory buffer strategies based on forecast reliability metrics.
  • Ensure sufficient inventory to meet delivery commitments without overstocking.
  • Monitor inventory levels and adjust buffer plans as needed to optimize working capital.

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