The Senior Analyst in Demand Planning develops 24-month worldwide sales, inventory and purchase forecasts for specific Tiffany & Co. product families and executes the development of consensus sales, inventory and purchase plans in accordance with the financial objectives and goals for specific Tiffany & Co. product families.
The Senior Analyst will create a 24-month sales forecast and purchase plan for all active, discontinued and new items worldwide by using Logility Value Chain solution software, and Inventory Planning applications as well as applying business and marketplace knowledge. He/She will ensure that financial goals, turn and ending inventory objectives for specific product families are met for the fiscal year and aligned with longer-term strategies. This individual will optimize sales and inventory turn with a focus on forecast accuracy and bias improvement. He/she will support the success of key items through the proactive management of backorders and ensure sufficient inventory levels across all regions. Also, this individual will create and maintain an up-to-date forecast and purchase plan for all new products and report on sales trends and inventory status upon launch to maximize sales, while minimizing inventory liabilities.
Responsibilities also include engaging in solution-based communication that ensures business needs are met, partnering with Merchandising, Marketing and Operations cross-functional teams to ensure strategies, tradeoffs and plans are transparent and fully integrated, including but not limited to sku productivity; demand variability; product availability; marketing support, and ensure STS priorities were set forth properly. He/She will collaborate with all new product team members to supply deliverables to ensure target launch dates are met. Identify opportunities that minimize financial risk and maximize the return on investment as it pertains to new product.
This individual will utilize and share reports which monitor the bias and forecast accuracy, sales trends and inventory availability to ensure forecasts meet targets and inventory meets turn and ending inventory objectives. He/She will also develop ad hoc reports as business needs dictate, including but not limited to focusing on key initiatives and new product. Identify and share trends, sales opportunities, and inventory risks.
Additionally, the Senior Analyst will assist in training and development of Analysts and new hires, share planning knowledge and experience with outside groups, and support process change, including the new Integrated Business Planning and Demand Review processes, to improve efficiencies and add value to the business. He/She will identify non-value added activities for possible elimination or improvement and propose innovative and creative solutions to conquer business challenges.