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 Business Analyst, Forecasting at Harbor Freight
Business Analyst, Forecasting
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Harbor Freight

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Posted on: 
August 17, 2023
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Summary of the Business Analyst, Forecasting job at Harbor Freight

Harbor Freight is hiring a Business Analyst, Forecasting with 3 - 5 years of experience. Based in United States - Remote and with Remote ways of working. The expected salary range for this role is $68,880 - $103,320
About Harbor Freight

We're a 45 year-old, $6.5 billion national tool retailer with the energy, enthusiasm, and growth potential of a start-up. We have over 1,400 stores in 48 states across the country and are opening several new locations every week. We offer our customers more than 7,000 tools and accessories, from hand tools and generators to air and power tools, from shop equipment to automotive tools. We provide our customers with the right tool for the right job at the right price, always delivering quality and value.

Business Analyst, Forecasting - Job Role & Responsibilities

The Business Analyst is responsible for applying analytical skills and advanced forecasting techniques to predict future sales and present data in report form to various levels of management. Responsible for evaluating historical sales trends, upcoming advertising plans, and incorporates factors such as new stores and seasonal factors to determine the best forecast for assigned product items. The role also requires continuous improvement in developing new analytics, models, and simulations.

Essential Duties And Responsibilities

  • Responsible for the daily analysis and execution of forecast for all assigned items using combination of statistical forecasting methods and business intelligence
  • Collaborate with other key departments to understand strategic directions and provide business insight when purchasing and maintaining appropriate inventory levels
  • Extract and consolidate several data sets into databases to generate reports to maintain forecasts, ad-hoc reports, and dashboards in support of the business
  • Review and ensure data accuracy
  • Develop forecast strategies for special events, seasonal items, and new item transitions
  • Communicate regularly with multiple departments within the organization to identify and resolve supply chain issues
  • Research forecast error reports to identify items that require forecast adjustments
  • Develop new metrics and reports to track forecast accuracy and sales trends
  • Collaborate with teams to build and monitor forecasts for new items
  • Analyze impact of advertising, new item introduction, price elasticity, and other factors on an items sale rate
  • Participate in project meetings; summarize process and system improvements for successes or concerns
  • Prepare item summaries for executive review on sales and forecast patterns
  • Additional duties as assigned by management
  • Regular Attendance is essential function of the position

Scope (Required)

  • Staff supervision and development — No

Decision making-

  • Resolves problems and provides data for decision support

  • Provides consultation or expert advice

  • Travel – minimal 5% max

  • Location— Remote

Business Analyst, Forecasting - Job requirements

Education (Required)

  • Bachelor's degrees in Computer Science, Economics/Finance, Logistics/Supply Chain, Engineering, or Statistics or related field OR equivalent combination of experience.

Experience (Required)

  • 3+ years’ experience in Inventory, Forecasting, or retail management experience
  • Must be quantitatively adept and analytical
  • Proficient in Microsoft Applications with advanced Excel skills
  • Prior experience using statistical packages (SQL, Python, Tableu or similar) for analyzing datasets preferred
  • Solid communicative abilities to create presentations and presenting findings
  • Capable of managing and prioritizing workload to meet deadlines
  • Possess project and problem management skills
  • Highly team-oriented in nature and can promote open communication among teams to ensure collaboration.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Physical Requirements

  • stand, walk, sit for extended periods of time
  • speak and listen to others in person and over the phone
  • use keyboard and read from computer screen and reports
  • lift up to 15 lbs.
What we offer at Harbor Freight

The anticipated salary range for this position is $68,880 – $103,320 depending on location, knowledge, skills, education and experience. This position is also eligible for an annual discretionary bonus. In addition, we offer comprehensive and competitive benefits to Associates (and their families) such as medical, dental, vision, life insurance, short-term and long-term disability. Eligible Associates are able to enroll in our company’s 401k plan. Associates will accrue paid time off up to 236 hours per year (inclusive of PTO, floating holidays, and paid holidays). Paid sick time up to 80 hours per year unless otherwise required by law.

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Harbor Freight

Harbor Freight

is hiring

Business Analyst, Forecasting

Website:
Posted on: 
May 15, 2024

About Our Company

We're a 45 year-old, $6.5 billion national tool retailer with the energy, enthusiasm, and growth potential of a start-up. We have over 1,400 stores in 48 states across the country and are opening several new locations every week. We offer our customers more than 7,000 tools and accessories, from hand tools and generators to air and power tools, from shop equipment to automotive tools. We provide our customers with the right tool for the right job at the right price, always delivering quality and value.

Job Description & Responsibilities

The Business Analyst is responsible for applying analytical skills and advanced forecasting techniques to predict future sales and present data in report form to various levels of management. Responsible for evaluating historical sales trends, upcoming advertising plans, and incorporates factors such as new stores and seasonal factors to determine the best forecast for assigned product items. The role also requires continuous improvement in developing new analytics, models, and simulations.

Essential Duties And Responsibilities

  • Responsible for the daily analysis and execution of forecast for all assigned items using combination of statistical forecasting methods and business intelligence
  • Collaborate with other key departments to understand strategic directions and provide business insight when purchasing and maintaining appropriate inventory levels
  • Extract and consolidate several data sets into databases to generate reports to maintain forecasts, ad-hoc reports, and dashboards in support of the business
  • Review and ensure data accuracy
  • Develop forecast strategies for special events, seasonal items, and new item transitions
  • Communicate regularly with multiple departments within the organization to identify and resolve supply chain issues
  • Research forecast error reports to identify items that require forecast adjustments
  • Develop new metrics and reports to track forecast accuracy and sales trends
  • Collaborate with teams to build and monitor forecasts for new items
  • Analyze impact of advertising, new item introduction, price elasticity, and other factors on an items sale rate
  • Participate in project meetings; summarize process and system improvements for successes or concerns
  • Prepare item summaries for executive review on sales and forecast patterns
  • Additional duties as assigned by management
  • Regular Attendance is essential function of the position

Scope (Required)

  • Staff supervision and development — No

Decision making-

  • Resolves problems and provides data for decision support

  • Provides consultation or expert advice

  • Travel – minimal 5% max

  • Location— Remote

Requirements

Education (Required)

  • Bachelor's degrees in Computer Science, Economics/Finance, Logistics/Supply Chain, Engineering, or Statistics or related field OR equivalent combination of experience.

Experience (Required)

  • 3+ years’ experience in Inventory, Forecasting, or retail management experience
  • Must be quantitatively adept and analytical
  • Proficient in Microsoft Applications with advanced Excel skills
  • Prior experience using statistical packages (SQL, Python, Tableu or similar) for analyzing datasets preferred
  • Solid communicative abilities to create presentations and presenting findings
  • Capable of managing and prioritizing workload to meet deadlines
  • Possess project and problem management skills
  • Highly team-oriented in nature and can promote open communication among teams to ensure collaboration.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Physical Requirements

  • stand, walk, sit for extended periods of time
  • speak and listen to others in person and over the phone
  • use keyboard and read from computer screen and reports
  • lift up to 15 lbs.

What we offer

The anticipated salary range for this position is $68,880 – $103,320 depending on location, knowledge, skills, education and experience. This position is also eligible for an annual discretionary bonus. In addition, we offer comprehensive and competitive benefits to Associates (and their families) such as medical, dental, vision, life insurance, short-term and long-term disability. Eligible Associates are able to enroll in our company’s 401k plan. Associates will accrue paid time off up to 236 hours per year (inclusive of PTO, floating holidays, and paid holidays). Paid sick time up to 80 hours per year unless otherwise required by law.

Apply now

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