Global Forecasting Manager
Rajesh Kumar
Microsoft Data Analytics | Agile PMP | Healthcare Analytics | Predictive Modelling | Commercial Excellence | Strategy Development | Competitive Intelligence | Market Research | Database Management | Pipeline Analysis
Novo Nordisk (Deadline: 19th February 2024)
A Global Forecasting Manager is a professional responsible for overseeing and managing the forecasting processes within an organization on a global scale. Their primary role involves analyzing historical data, market trends, and other relevant factors to predict future demand for products or services across various regions and markets.
Key responsibilities of a Global Forecasting Manager may include:
- Developing and maintaining forecasting models: They design and implement forecasting models that take into account factors such as seasonality, economic indicators, market trends, and historical sales data.
- Collaborating with cross-functional teams: They work closely with sales, marketing, finance, supply chain, and product development teams to gather relevant data and insights to improve the accuracy of forecasts.
- Monitoring and analyzing market trends: They continuously monitor market trends, competitor activities, and other external factors that may impact demand for the company's products or services.
- Generating forecast reports: They generate regular reports and presentations to communicate forecast results, insights, and recommendations to senior management and other stakeholders.
- Forecast accuracy improvement: They assess forecast accuracy and identify areas for improvement, implementing strategies to enhance the accuracy and reliability of forecasts over time.
- Inventory management: They collaborate with supply chain and operations teams to ensure optimal inventory levels based on forecasted demand, minimizing excess inventory or stockouts.
- Budgeting and resource planning: They provide input for budgeting and resource allocation decisions based on forecasted demand and sales projections.
- Continuous improvement: They lead initiatives to continuously improve forecasting processes, tools, and methodologies, leveraging advanced analytics and technologies where applicable.
Overall, a Global Forecasting Manager plays a critical role in helping the organization make informed decisions related to production planning, inventory management, resource allocation, and overall business strategy based on accurate and reliable forecasts.