FAQ about Material Forecasting Analyst I
1. Where can a Material Forecasting Analyst I earn the most?
A Material Forecasting Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Material Forecasting Analyst I earns the most in San Jose, CA, where the annual salary of a Material Forecasting Analyst I is $90,914.
2. What is the highest pay for Material Forecasting Analyst I?
The highest pay for Material Forecasting Analyst I is $88,423.
3. What is the lowest pay for Material Forecasting Analyst I?
The lowest pay for Material Forecasting Analyst I is $50,176.
4. What are the responsibilities of Material Forecasting Analyst I?
Develops, validates, and maintains material demand forecasts and models based on production schedules, bills of materials, and consumption patterns. Analyzes material demand requirements to support production planning, procurement, and inventory optimization. Monitors inventory levels, lead times, and usage trends to identify shortages or excess risks. Collaborates with production planning, procurement, and suppliers to align material availability with demand signals. Monitors forecast accuracy and material availability metrics to support continuous improvement. Prepares material demand reports and recommendations for planners and buyers. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.