Senior Statistical Forecast Analyst
The Home Depot, Atlanta, GA, United States
The Sr. Statistical Forecast Analyst is responsible for developing the Home Depot sales forecast at the Store/SKU level. With input from the appropriate Replenishment Analysts, they establish Store/SKU clustering, seasonal selling profiles, and exception reporting criteria for their assigned product categories. They will make appropriate adjustments as dictated by forecast accuracy. The analyst collaborates with the Replenishment Analysts in reviewing and resolving the forecast exceptions and ensuring the business strategies are appropriately implemented and maintained in the system. They interpret data based on specific statistical criteria and synthesize findings from the analysis. They lead strategic process improvement initiatives and mentor lower-level analysts as necessary.
Key Responsibilities
50% Develop statistical forecast models by SKU/Store groups, establish parameters for exception reporting, and revise models as indicated by forecast exception reporting. Track forecast accuracy at various product and store hierarchy levels. Identify and mitigate sources of forecast variance through collaboration with Inventory Analysts and Upper Management. Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge, and merchandising strategies. Ensure forecast models are adjusted for changing business strategies and product assortments.
10% Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge, and merchandising strategies. Ensure forecast models are adjusted for changing business strategies and product assortments.
10% Share insights, challenge assumptions, and identify drivers of forecast variance with appropriate Replenishment Analysts and Management. Provide formal training and ongoing mentoring for the Replenishment Analysts.
30% Take a leadership role in driving the functionality and processes of the forecasting environment. Analyze, identify, and implement opportunities for improvements to the forecasting process. Contribute significant participation in cross‑functional projects by developing timelines and coordinating teams across each area, ensuring on‑time delivery of goals and requirements.
Direct Manager / Direct Reports
Position generally reports to a Manager or Senior Manager.
Responsible for helping others and providing on‑the‑job training or guidance.
Travel Requirements
Typically requires overnight travel less than 10% of the time.
Physical Requirements
Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.
Working Conditions
Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.
Minimum Qualifications
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
Strong analytical and statistical skills. Must be familiar with and comfortable with methods for organizing, handling, and evaluating large amounts of data.
Preferred Qualifications
Previous experience with demand forecasting or supply chain replenishment in an environment with high numbers of store/SKU records. Prior experience leading teams and/or managing projects.
Advanced computer skills to retrieve, manipulate, analyze, and interpret large amounts of data. Experience with MS Office Excel and Access.
Prior experience using Teradata DCM forecasting software, or a similar advanced demand forecasting tool.
Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies, and standards for requirements gathering, documentation, and analysis.
Master’s degree with an emphasis in Supply Chain Management or Economics.
Minimum Education
Knowledge, skills, and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field related to the job.
Preferred Education
No additional education.
Minimum Years Of Work Experience
5 years.
Preferred Years Of Work Experience
No additional years of experience.
Minimum Leadership Experience
None.
Preferred Leadership Experience
None.
Certifications
None.
Competencies
Critical thinking skills to identify the strengths and weaknesses of alternative solutions; ability to understand and foresee implications of new information for current and future problem solving.
Solid understanding and use of statistical software to manipulate, analyze, and interpret data.
Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies, and standards for requirements gathering, documentation, and analysis.
Strong written and verbal communication skills. Ability to persuade or influence others.
Strong self‑starter with ability to work with little supervision.
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Key Responsibilities
50% Develop statistical forecast models by SKU/Store groups, establish parameters for exception reporting, and revise models as indicated by forecast exception reporting. Track forecast accuracy at various product and store hierarchy levels. Identify and mitigate sources of forecast variance through collaboration with Inventory Analysts and Upper Management. Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge, and merchandising strategies. Ensure forecast models are adjusted for changing business strategies and product assortments.
10% Establish business rules for shaping customer demand in collaboration with functional partners regarding product seasonality, product knowledge, and merchandising strategies. Ensure forecast models are adjusted for changing business strategies and product assortments.
10% Share insights, challenge assumptions, and identify drivers of forecast variance with appropriate Replenishment Analysts and Management. Provide formal training and ongoing mentoring for the Replenishment Analysts.
30% Take a leadership role in driving the functionality and processes of the forecasting environment. Analyze, identify, and implement opportunities for improvements to the forecasting process. Contribute significant participation in cross‑functional projects by developing timelines and coordinating teams across each area, ensuring on‑time delivery of goals and requirements.
Direct Manager / Direct Reports
Position generally reports to a Manager or Senior Manager.
Responsible for helping others and providing on‑the‑job training or guidance.
Travel Requirements
Typically requires overnight travel less than 10% of the time.
Physical Requirements
Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.
Working Conditions
Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.
Minimum Qualifications
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
Strong analytical and statistical skills. Must be familiar with and comfortable with methods for organizing, handling, and evaluating large amounts of data.
Preferred Qualifications
Previous experience with demand forecasting or supply chain replenishment in an environment with high numbers of store/SKU records. Prior experience leading teams and/or managing projects.
Advanced computer skills to retrieve, manipulate, analyze, and interpret large amounts of data. Experience with MS Office Excel and Access.
Prior experience using Teradata DCM forecasting software, or a similar advanced demand forecasting tool.
Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies, and standards for requirements gathering, documentation, and analysis.
Master’s degree with an emphasis in Supply Chain Management or Economics.
Minimum Education
Knowledge, skills, and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field related to the job.
Preferred Education
No additional education.
Minimum Years Of Work Experience
5 years.
Preferred Years Of Work Experience
No additional years of experience.
Minimum Leadership Experience
None.
Preferred Leadership Experience
None.
Certifications
None.
Competencies
Critical thinking skills to identify the strengths and weaknesses of alternative solutions; ability to understand and foresee implications of new information for current and future problem solving.
Solid understanding and use of statistical software to manipulate, analyze, and interpret data.
Proficient in business process evaluation and procedure development; demonstrates a thorough knowledge of all tools, processes, methodologies, and standards for requirements gathering, documentation, and analysis.
Strong written and verbal communication skills. Ability to persuade or influence others.
Strong self‑starter with ability to work with little supervision.
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