Key Responsibilities – CPFR (Collaborative Planning, Forecasting and Replenishment)

1. Collaborative Planning and Forecasting

• Collaborate with internal teams and external clients to develop accurate demand forecasts and replenishment plans over a horizon greater than 6 months.

• Develop tools and establish processes to improve forecast accuracy, reduce stockouts, and minimize excess inventory.

• Monitor key performance indicators (KPIs) and adjust forecasts accordingly to meet service level agreements.

2. Inventory Optimization

• Apply actuarial principles to analyze inventory levels, demand patterns, and lead times to optimize stock levels and reduce distribution costs.

• Develop inventory policies and strategies to mitigate supply chain risks while ensuring product availability.

3. Data Analysis and Modeling

• Use statistical modeling techniques to analyze historical data, identify trends, and forecast future demand.

• Build predictive models incorporating actuarial methods to assess risk and uncertainty in demand forecasts.

4. Cross-functional Collaboration

• Work closely with cross-functional teams, including sales, operations, and supply, to align forecasts with business objectives.

• Effectively communicate forecast changes, inventory recommendations, and potential supply risks to cross-functional teams (sales, procurement, supply).

5. Continuous Improvement

• Identify opportunities for process improvement and automation to optimize recurring CPFR tasks and increase efficiency and effectiveness.

• Stay up to date with industry trends, best practices, and emerging technologies in supply chain management and actuarial science.