Skills & Competencies for Forecast Planning Manager

Forecast Planning Manager job profile

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JOB SUMMARY for Forecast Planning Manager

Manages the organization's forecast planning function using inventory levels, production speed, and product demand to estimate output.

JOB RESPONSIBILITIES for Forecast Planning Manager

Gathers and evaluates data to develop solutions for increasing production. May work with vendors, customers, and other departments within the organization to determine optimal inventory levels.

Forecast Planning Manager SALARY RANGE

BASE 50%
$117,243
TOTAL 50%
$126,440
Job Level
M02
Job Code
MM18000138
Education/Degree
Bachelor's Degree
Reports To
Director or Head of a Unit/Department

Forecast Planning Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Forecast Planning Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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9 general skills or competencies (Job family competencies) for Forecast Planning Manager

1 Job Family Competencies – Business Intelligence
Proficiency Level -3
Skill definition-Evaluating business data, translating it to actionable insights, and using it to make better-informed decisions.
Level 1 Behaviors
(General Familiarity)
Describes the basic terminologies used in business intelligence and business analytics processes.
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Level 2 Behaviors
(Light Experience)
Assists in preparing insights for business performance by using business intelligence tools.
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Level 3 Behaviors
(Moderate Experience)
Implements the integration of proprietary business intelligence applications within the department.
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Level 4 Behaviors
(Extensive Experience)
Directs the development of a business intelligence platform to report end-user data mining.
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Level 5 Behaviors
(Mastery)
Creates business intelligence reviews and strategies to interpret short-term and long-range forecasts.
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2 Job Family Competencies – Distribution Management
Proficiency Level -3
Skill definition-Supervising and monitoring the movement of finished products from the supplier to the end user to avoid delivery delays and inventory shortages.
Level 1 Behaviors
(General Familiarity)
Compiles a list of factors affecting the organization's distribution strategy.
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Level 2 Behaviors
(Light Experience)
Conducts market research to identify demand for different goods.
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Level 3 Behaviors
(Moderate Experience)
Identifies market trends to develop new services and distribution channels.
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Level 4 Behaviors
(Extensive Experience)
Executes distribution and inventory management strategies to drive financial performance optimization.
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Level 5 Behaviors
(Mastery)
Designs and delivers cost reduction initiatives while maintaining productivity in distribution operations.
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3 Forecast Planning Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Forecast Planning Manager
Proficiency Level - 4
5 Competency for - Forecast Planning Manager
Proficiency Level - 5

9 soft skills or competencies (core competencies) for Forecast Planning Manager

1 Core Competencies – Business Acumen
Proficiency Level -2
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Describes the market conditions that impact the business.
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Level 2 Behaviors
(Light Experience)
Collects and compiles competitor information for competitive analysis.
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Level 3 Behaviors
(Moderate Experience)
Applies technical expertise, business sense, and product knowledge to manage the product lifecycle effectively.
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Level 4 Behaviors
(Extensive Experience)
Coordinates technical and business teams to solve complex and diverse customer problems.
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Level 5 Behaviors
(Mastery)
Builds strong business partnerships internally and externally to drive "win-win" business successes.
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2 Core Competencies – Budgeting
Proficiency Level -3
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Explains the different purposes and uses of our organization's budgets.
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Level 2 Behaviors
(Light Experience)
Gathers financial data to help support management in budgeting analysis and forecasting.
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Level 3 Behaviors
(Moderate Experience)
Prepares and reviews the annual budgeting process to ensure effective and efficient budgeting.
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Level 4 Behaviors
(Extensive Experience)
Monitors budgeting processes to ensure adherence to our organization's financial practices and standards.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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3 Forecast Planning Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Forecast Planning Manager
Proficiency Level - 4
5 Competency for - Forecast Planning Manager
Proficiency Level - 5

Summary of Forecast Planning Manager skills and competencies

There are 0 hard skills for Forecast Planning Manager.
9 general skills for Forecast Planning Manager, Business Intelligence, Distribution Management, Inventory Control, etc.
9 soft skills for Forecast Planning Manager, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 18 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Forecast Planning Manager, he or she needs to be proficient in Business Acumen, be skilled in Budgeting, and be skilled in Planning and Organizing.

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