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%
$116,645
TOTAL 50%
$125,794
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)
Explains the functions of existing and emerging data and business intelligence platforms.
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Level 2 Behaviors
(Light Experience)
Gathers business intelligence data to make informed conclusions on business practices.
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Level 3 Behaviors
(Moderate Experience)
Produces a user manual for the business intelligence system to assist stakeholders with proper data navigation.
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Level 4 Behaviors
(Extensive Experience)
Manages the overall data transformation from multiple sources into actionable business intelligence.
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Level 5 Behaviors
(Mastery)
Designs a new strategy for business intelligence insights to support our business's objectives.
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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)
Explains concepts, components, and principles of distribution management.
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Level 2 Behaviors
(Light Experience)
Supports workflow refinement to help in evolving distribution strategy.
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Level 3 Behaviors
(Moderate Experience)
Uses distribution management software to track inventory levels and monitor shipping schedules.
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Level 4 Behaviors
(Extensive Experience)
Oversees distribution operations to ensure the achievement of established goals and objectives.
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Level 5 Behaviors
(Mastery)
Establishes best practices to standardize distribution operations and improve stock accuracy.
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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)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Implements effective marketing strategies that achieve improved business outcomes.
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Level 4 Behaviors
(Extensive Experience)
Optimizes business processes based on deep insight into various business unit functions.
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Level 5 Behaviors
(Mastery)
Evaluates industry and market trends to identify new business opportunities.
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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 importance of budget reporting and forecasting in our workplace.
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Level 2 Behaviors
(Light Experience)
Supplies supporting information and justification for major line items.
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Level 3 Behaviors
(Moderate Experience)
Utilizes software tools and applications to forecast our annual budget accurately.
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Level 4 Behaviors
(Extensive Experience)
Provides in-depth training to our entire organization about the zero based budgeting methodology.
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Level 5 Behaviors
(Mastery)
Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.
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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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