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Target is seeking an Associate Demand Planner to forecast guest demand by analyzing historical sales data, market trends, and other factors. You will act as the hub between Planning and Inventory to link financial strategy with forecasting decisions.
Responsibilities include leveraging ML tools for short- and long-term demand forecasts, collaborating with Merch Planning, and participating in IBP meetings to align supply and inventory plans.
A role in Demand Planning means being in charge of unit forecasting for one of Targets businesses. Here, you will conduct demand planning, forecasting and management of assigned business units to maximize sales and drive forecast accuracy. Acting as the hub between Planning and Inventory, you will create a financial link between these two essential groups and have a voice in some of the most important decisions from a financial strategy standpoint.
As an Associate Demand Planner, you will be responsible for forecasting guest demand by analyzing historical sales data, market trends and other relevant factors to create accurate demand forecasts.
Core responsibilities are described below. Job duties may change at any time due to business needs.
Demand Forecasting: Leverage our in-house machine learning tool and market intelligence to evaluate and approve short term and long-term demand forecasts.
Consensus Forecasting: Collaborate with Merch Planning to gather insights and incorporate relevant information into the forecasting process.
Integrated Business Planning: Participate in IBP meetings to present demand forecasts and discuss supply chain issues and align with Inventory teams on inventory planning and positioning.
Demand Sensing: Utilize advanced analytics and real-time data to sense changes in guest demand; Tune ML hyperparameters to reflect changes that will positively impact positioning of inventory to maximize sales.
Performance monitoring: Track and analyze forecast accuracy to identify areas of improvements and implement corrective actions.
Supply Chain and Operations