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Forecast Analyst

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Ashley Furniture Industries, Inc. is the largest manufacturer of furniture in the world. Established in 1945, Ashley offers one of the industry's broadest product assortments to retail partners in 123 countries.
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The Forecast Analyst will forecast groups by product category. This position is responsible for an average amount of forecast dollars and/or records and has a significant financial impact on departments and the organization.
The Forecast Analyst is responsible for accurately forecasting product utilizing a statistical forecast system requiring strong mathematical skills. This position is also responsible for ensuring high customer satisfaction rates while maintaining adequate inventory levels at each distribution center location. The Forecast Analyst will use multiple methods and tools to evaluate past sales history, future customer demand, customer placements and seasonality trends.
This position will communicate with a wide variety of internal and external customers to negotiate and make recommendations to fulfill customer demands while ensuring a reasonable inventory level plan.
The Forecast Analyst is accountable for meeting goals and objectives to maintain the company's growth rate as well as evaluating processes for continual improvement.
Essential Functions
Analyze, update, and monitor the forecast for accuracy using a statistical forecast system and communicate changes to appropriate departments.
Forecast groups by product category.
Evaluate and monitor future orders versus forecast; make necessary forecast changes when needed.
Create and maintain product journals.
Responsible for an average amount of forecast dollars and/or records.
Independently make decisions to change and update forecasts and derived ratios by comparing future forecast to actual history, and percent of change in demand following standard operating procedures and established guidelines.
Identify out-of-the-norm conditions on any product and communicate to management; make recommendations for a solution.
Evaluate inventory and the reliability of the supply chain flow for approval of Ad Notice, promotional requests and customer projections to ensure customer satisfaction and product availability.
Enter additional demand into the statistical forecast system; closely monitor current and future inventory levels.
Provide direction for expediting orders when necessary and ensure proper inventory levels are available.
Identify planned drop items and/or groups; evaluate and make a recommendation for the best time frame for drop based upon remaining finished goods inventory, raw material inventory on hand and/or at vendor locations.
Negotiate with Production, Purchasing and/or vendor regarding the final run dates and provide direction for expediting, deferring and/or canceling orders when necessary and ensure proper inventory levels are available.
Recommend excess inventory items to be added to the Hot Buys (could include current product); develop a plan and make recommendations for closing out remaining inventory; identify when a discontinued item should be coded as a liquidation item.
Review inventory reports and make requests and recommendations to improve inventory levels; review selling ratios for balancing sets.
Provide direction for expediting, deferring or canceling orders for makes, buys or transfers, when necessary and ensure proper inventory levels are available.
Contribute to the planning of long- and short-term business objectives; actively participate in product review meetings and Sales & Operations Planning (S & OP) meetings as required.
Positively and professionally represent the company when handling complaints and resolving issues when a product is in limited supply, customer orders are delayed or product is in excess.
Update forecasting system for first availability dates on new product and/or product with availability issues.
Create and maintain debit memos as needed for rework, liquidation, scrap, and exportation.
Monitor production capacity versus demand and on-time delivery utilizing various reports.
Demonstrate the Company's Core and Growth Values in the performance of all job functions.
Job Requirements
Education:
Bachelor degree in Business or related field, or equivalent work experience, Required
Experience:
1-year experience in supply chain fields, Preferred
Knowledge, Skills, and Abilities
Supply Chain System knowledge
Document management system
Working knowledge of Continuous Improvement
Handle mathematical calculations with speed and accuracy
Strong attention to detail and accuracy
Effective time management and organizational skills
Analytical and problem-solving skills
Excellent interpersonal skills
Excellent verbal and written communication skills
Maintain confidentiality
Handle multiple projects simultaneously within established time constraints
Proficient computer skills, including experience with Microsoft Office Suite, especially MS Excel; internet
Respond professionally in situations with difficult employee/vendor/customer issues or inquires
Perform under strong demands in a fast-paced environment
Work independently as well as in a team environment
Display empathy, understanding, and patience with employees and external customers
We are an equal opportunity employer and provide a drug-free working environment. While Ashley appreciates the interest of all candidates only those meeting specific job requirements may be contacted. Principals Only.

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