§ OCCUPATION · GLOBAL STANDARDS

forecast manager

Description

Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

supply chain principles supply chain management supplier management corporate social responsibility financial forecasting

OPTIONALAdjacent knowledge that strengthens fit

statistics consumer goods industry economics international business

Practical Skills

ESSENTIALApplied skills & competences

identify suppliers forecast production quantities analyse logistic changes forecast dividend trends follow company standards manage supplies forecast future levels of business maintain relationship with suppliers order supplies strive for company growth analyse supply chain strategies analyse market financial trends estimate costs of required supplies maintain relationship with customers analyse economic trends manage inventory analyse supply chain trends liaise with managers assess supplier risks

OPTIONALOptional competences

forecast sales over periods of time use sales forecasting softwares study sales levels of products calculate purchasing levels of raw materials manage standard enterprise resource planning system manage logistics analyse logistic needs assist in planning production scheduling forecast products' demand forecast economic trends coordinate purchasing activities monitor ingredient storage

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)