Statistical Forecast Analyst

About the role

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.

Key Responsibilities

• 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. Track forecast accuracy at various product and store hierarchy levels. Identify and mitigate sources of forecast variance through collaboration with Inventory Analysts and Upper Management.
• 10% Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge and Merchandising strategies. Ensure forecast models are adjusted for changing business strategies and product assortments.
• 10% Share insights, challenge assumptions and identify drivers of forecast variance with appropriate Replenishment analysts and Management. The associate will provide formal training and on-going mentoring for the Replenishment Analysts.
• 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. Contributes significant participation in cross functional projects by developing timelines and coordinating teams across each area, ensuring on time delivery of goals and requirements.

Qualifications

• Minimum Qualifications: Must be eighteen years of age or older. Must be legally permitted to work in the United States. Strong analytical and statistical skills. Must be familiar with and comfortable with methods for organizing, handling and evaluating large amounts of data.
• Preferred Qualifications: Previous experience with demand forecasting or supply chain replenishment in an environment with high numbers of store/sku records. Advanced computer skills to retrieve, manipulate, analyze and interpret large amounts of data. Experience with MS Office Excel and Access. 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.

Benefits

Typically requires overnight travel less than 10% of the time. Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.

Pay

Commensurate with experience.

Schedule

TBD.