Demand Planner Analyst

About Midea AmericaMidea America Corp. is a U.S. subsidiary within Midea Group, the Fortune 500 giant known for making life easier for millions around the globe.

As the world's top maker of home appliances, Midea is proud of its 166,000+ employees and presence in 200+ countries, including here in the U.S.Headquartered in Parsippany, N.J., with an innovation hub in Louisville, Kentucky, Midea America provides practical innovations that surprise and delight, creating moments to cherish at home.Midea's lineup of appliances - from refrigerators to air conditioners, laundry solutions and floor care - are high quality, reliable, and affordable.

By thoughtfully engineering performance, convenience, and design into every product, Midea delivers on the promise of every appliance.A Demand Planner Analyst at MIDEA plays a crucial role in forecasting product demand based on various factors such as historical data, market trends, and promotional activities.

They analyze sales patterns, inventory levels, and market conditions to predict future demand accurately.

This role involves collaborating closely with sales, marketing, and supply chain teams to ensure optimal inventory levels and minimize stockouts or overstocks.

Demand Planner Analysts at MIDEA utilize advanced statistical models and software tools to generate forecasts, monitor performance, and adjust projections as needed to support efficient supply chain operations and meet customer demand effectively.ResponsibilitiesDemand Forecasting : Using statistical models and analysis to forecast product demand accurately across different product categories and regions.Data Analysis : Analyzing historical sales data, market trends, and other relevant factors to identify patterns and drivers of demand.Collaboration : Working closely with sales, marketing, and supply chain teams to gather input, validate assumptions, and align on forecasted demand.Inventory Management : Optimizing inventory levels to ensure sufficient stock availability while minimizing excess inventory and associated costs.Forecast Accuracy : Monitoring forecast accuracy and adjusting forecasts based on actual sales data and market changes.Promotion and Seasonality : Incorporating promotional activities, seasonality, and other external factors into demand forecasts.Reporting : Generating regular reports and dashboards to communicate forecasted demand, inventory levels, and performance metrics to stakeholders.Continuous Improvement : Identifying opportunities for process improvements in demand planning methodologies, tools, and systems.Risk Management : Assessing and mitigating risks related to demand variability, supply chain disruptions, and market fluctuations.Market Analysis : Conducting market research and analysis to understand competitive landscape, consumer behavior, and industry trends that may impact demand.

Among other duties as assigned.

Experience & Background2+ years of experience in Forecasting, Demand Planning, Production Planning, Supply Chain or similar role.Experience in a Logistics and Home appliances industry knowledge Degree and Language Bachelor's degree in Logistics, Supply Chain, Business Administration, or related field.Intermediate English.Knowledge, Skills, AbilitiesStatistical Analysis and Forecasting Techniques : Proficiency in statistical methods and forecasting models such as regression analysis, time series analysis, and causal forecasting methods.Demand Planning Tools and Software : Experience with demand planning software and ERP systems to generate forecasts, analyze data, and manage inventory levels.Supply Chain Management : Understanding of supply chain processes including inventory management, procurement, logistics, and distribution to coordinate demand forecasting with supply chain activities.Market and Industry Knowledge : Awareness of market trends, consumer behavior, and industry dynamics in the home appliances or consumer electronics sector.Data Analysis and Interpretation : Ability to analyze large datasets, interpret trends, and draw meaningful insights to support decision-making in demand forecasting and inventory management.Collaboration and Communication : Strong interpersonal skills to collaborate effectively with cross-functional teams including sales, marketing, finance, and operations.

Risk Management : Knowledge of risk assessment and mitigation strategies related to demand variability, supply chain disruptions, and market fluctuations.Promotion and Seasonality Management : Understanding of how promotional activities, seasonality, and external factors impact demand patterns and forecasting accuracy.Continuous Improvement : Commitment to continuous learning and improvement in demand planning methodologies, processes, and systems to enhance forecast accuracy and operational efficiency.Project Management : Basic project management skills to manage demand planning projects, timelines, and deliverables effectively.Personal Traits Analytical Mindset : The ability to analyze data, identify trends, and draw meaningful insights to make informed decisions in demand forecasting.Detail-Oriented : Being meticulous and attentive to detail when working with large datasets, forecasting models, and inventory management.Problem-Solving Skills : A proactive approach to solving complex problems related to demand variability, supply chain disruptions, and market changes.Adaptability : Flexibility to adapt to changing priorities, market conditions, and business requirements in a dynamic environment.Organizational Skills : Ability to manage multiple tasks, prioritize workload, and meet deadlines in a fast-paced setting.Team Player : Collaboration with sales, marketing, supply chain, and finance teams to align on demand forecasts and inventory strategies.Critical Thinking : The capability to evaluate information critically, challenge assumptions, and propose innovative solutions to improve forecasting accuracy and operational efficiency.Decision-Making Ability : Confidence in making data-driven decisions based on analysis and insights to optimize inventory levels and meet customer demand effectively.Ethical Integrity : Upholding ethical standards in data analysis, reporting, and decision-making processes.Self-motivated and Comfortable in Dynamic, Fast-Moving Organization : Demonstrates initiative and adaptability in a rapidly changing environment, ensuring consistent performance and responsiveness to evolving demands.Midea America Corp. is an equal opportunity employer.

We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.