SummaryThe Demand Forecaster is a dynamic role within the replenishment business in charge of creating gross demand sales plans and managing the productivity of a department’s replenishment assortment. The Demand Forecaster collaborates with business partners to achieve financial objectives, maintain in stock targets and running efficient inventory. As a member of the team, the Demand Forecaster shares accountability to meet and exceed departmental sales volume and supporting Merchandise Margin.
Responsibilities- Lead forecast application education, maintenance and evolution.
- Maintain attributes and default settings in forecasting application.
- Apply an understanding of the needs, wants and expectations of the customer to drive the replenishment merchandising strategy.
- Collaborate with merchant partners to create optimal demand forecasts that maximize results through replenishment and align with the merchandise strategy.
- Demonstrate an understanding of the merchant strategy, product expectations and order generation process to ensure order results align with the buyer’s expected outcomes.
- Proactively seek opportunities to drive replenishment and improve item performance.
- Perform analysis and influence decision-making to improve replenishment sales and inventory results that complement the total assortment.
- Demonstrate proficiency in applicable systems, including replenishment, item planning, reporting and division-specific tools.
Requirements- Experience with retail forecasting tools and methods. Oracle merchandising foundation experience and/or Retail Demand Forecast (RDF) experience preferred.
- Minimum 1-3 years experience in retail merchandise Planning and Analysis, Inventory Management or equivalent required.
- Bachelor’s degree in Merchandising, Statistics, Management Information Systems or related field preferred.
- Experience supporting a high sales volume category (high SKU count, heavy seasonality, high revenue ($20M+)) preferred.
- Basic statistics proficiency.
- Demonstrated understanding of retail and the service environment of Nordstrom required.
- Demonstrated ability to develop relationships with customers and coworkers.
- Proficiency in MS Office suite required.
- Clear and effective written and verbal communication and strong interpersonal skills required.
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