How to Become a Forecast Planning Manager
Step 1: Understand the job description and responsibilities of a Forecast Planning Manager
What does a Forecast Planning Manager do?
A Forecast Planning Manager manages the organization's forecast planning function using inventory levels, production speed, and product demand to estimate output. Gathers and evaluates data to develop solutions for increasing production. Being a Forecast Planning Manager may work with vendors and customers to determine optimal inventory levels. May require a bachelor's degree. Additionally, Forecast Planning Manager typically reports to a head of a unit/department. The Forecast Planning Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Forecast Planning Manager typically requires 3+ years of managerial experience.
Based on our compensation data, the estimated salary potential for Forecast Planning Manager will increase 16 % over 5 years.
Develop and implement statistical forecast models to increase forecasting accuracy, constantly reviewing output to identify opportunities for enhancements.
Creating and publishing reports to stakeholders and business managers in order to implement the service through to Resource Planning and Operations Managers.
As the Forecasting and Capacity Manager you will lead and develop a team of analysts responsible for capacity planning.
This position reports to the Workforce Planning Manager and will be based in our Kennesaw, GA office.
Step 2: Learn best tips to become a Forecast Planning Manager
Best tips for those who want to become a Forecast Planning Manager
Here are some tips to become a Forecast Planning Manager.
It has been demonstrated that the vast majority of managerial theories do not last long.
A manager needs a predictive theory, yet in management few, if any, theories are predictive.
Don't take anything for granted.
Choose the issues (opportunities, problem areas, dangers) that confront the given organization and those that tie ahead.
Step 3: View best colleges and universities for Forecast Planning Manager
Best colleges and universities for Forecast Planning Manager
- Butler University
- Taylor University
- California State University--Maritime Academy
- William Jessup University
- Fairfield University
- United States Merchant Marine Academy
Step 4: Think about whether is it worth to be a Forecast Planning Manager
Is being a Forecast Planning Manager Worth it?
As the Manager of Financial Planning and Analysis (FP&A) you will provide leadership and management of the Financial Planning function for the organization.
Just Evotec Biologics is seeking a highly motivated, detail-oriented and driven strategic resource planning senior manager, who desires a significant….
There are a lot more demand forecasts being made today at companies then their used to be - not just monthly, but forecasts that can occur can cover likely shipments for the next day up to a time period that may be for a decision that needs to be made years from now.
About twenty years ago, it was recognized that sales people and marketing people had critical data that could help improve the demand forecast.
When companies are at the beginning of their journey their forecasts are not based on granular data.
Step 5: Prepare relevant skills for being a Forecast Planning Manager
What skills do you need to be a Forecast Planning Manager?
In order to drive yourself and your team to success, in a management position you need to have a broad base of skills. For success in this position, you effeciency with these skills is key: Forecasting, Inventory Optimization. For this role, you will need to be adept in with: Demand Planning Software, Inventory Control Software. Although every company varies in their requirements, these competencies will help you in this role.
Understand forecasting, demand planning, material/supply/inventory planning, and manufacturing processes/capacity to verify supply commitments.
Great opportunity for a Financial Planning & Analysis Manager.
This position is for an Experienced Financial Planning and Analysis professional preparing financial analysis, budgets, and forecasts.
7+ years sourcing and meeting planning experience required.
Provide back-up support for Director or Operations Manager as required.
Step 6: View average salary for Forecast Planning Manager
How much does a Forecast Planning Manager make?
The average salary range for a Forecast Planning Manager is from $94,430 to $123,711. The salary will change depending on your location, job level, experience, education, and skills.
- View average salary for the United States
Adjust salary by state
Average salary for Forecast Planning Manager jobs
- Manager - Forecast Planning and Analysis
- Merchandise Forecast/Planning Analyst
- Forecast Analyst
- Merchandise Forecast/Planning Senior Analyst
- Merchandise Forecast/Planning Analyst - Produce
- Merchandise Forecast/Planning Analyst- Deli
- Merchandise Forecast/Planning Analyst - Bakery Goods
- Demand Planning Manager
- Demand Planning Analyst