POSITION PURPOSE - The Statistical Forecast Analyst position is responsible for the development of The Home Depot sales forecast at the Store/SKU level. With input from the appropriate Replenishment Analysts, they establish Store/SKU clustering, Seasonal selling profiles and exception reporting criteria for their assigned product categories. They will make appropriate adjustments as dictated by forecast accuracy. The Statistical Forecast Analyst will work collaboratively with the Replenishment Analysts in reviewing and resolving forecast exceptions and ensuring the business strategies are appropriately implemented and maintained in the system. They will be required to interpret data based on specific statistical criteria and to synthesize the findings from the analysis. The Statistical Forecast Analyst will participate in strategic process improvements initiatives by analyzing business processes, procedures and monitoring the progress.
MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES -
- 60% Develop statistical forecast models by SKU/Store groups, establish parameters for Forecast exception reporting and make appropriate revisions as indicated from the exception reporting.
- 10% Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge and Merchandising strategies.
- 10% Share insights, challenge assumptions and identify drivers of forecast variance with appropriate Replenishment analysts and Management.
- 10% The individual must perform other tasks regarding forecasts and sales analysis as deemed appropriate by the Manager.
- 10% Analyze, identify and implement opportunities for improvements to the forecasting process.
NATURE AND SCOPE - Position generally reports to a Manager or Sr. Manager Responsible for helping others and providing on-the-job training or guidanceMINIMUM QUALIFICATIONS
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
EDUCATION REQUIRED - The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.
YEARS OF RELEVANT WORK EXPERIENCE - 01
PHYSICAL JOB REQUIREMENTS - Frequent periods are spent standing or sitting in the same location with some opportunity to move about; occasionally there may be a need to stoop or lift light objects (typically less than 8 pounds).
PREFERRED QUALIFICATIONS - Previous experience with demand forecasting or supply chain replenishment in an environment with high numbers of store/sku records. Strong analytical and statistical skills.Advanced computer skills to retrieve, manipulate, analyze and interpret large amounts of data. Prior experience using Teradata DCM forecasting software or a similar advanced demand forecasting tool. Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies and standards for requirements gathering, documentation and analysis. Masters Degree with an emphasis in Supply Chain Management or Economics.
KNOWLEDGE, SKILLS, ABILITIES AND COMPETENCIES - Critical thinking skills to identify the strengths and weaknesses of alternative solutions; ability to understand and foresee implications of new information for current and future problem solving. Solid understanding and use of statistical software to manipulate, analyze and interpret data. Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies and standards for requirements gathering, documentation and analysis. Strong written and verbal communications skills. Strong self starter with ability to work with little supervision.
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