Supplychain Material Forecaster

GCR Professional Services

Cambridge, Massachusetts

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JOB DETAILS

JOB TYPE

Contractor

SKILLS

Accounting, Actuals, Analysis Skills, Best Practices, Bill of Materials (BOM), Budgeting, Business Administration, Communication Skills, Continuous Improvement, Cost Analysis, Cost Control, Cost Estimates, Cost Modeling, Cross-Functional, Data Analysis, Data Modeling, Data Quality, Data Sets, Defense Federal Acquisition Regulations Supplement (DFARS), ERP (Enterprise Resource Planning), Federal Acquisition Regulations (FAR), Finance, Forecasting, Government Contracts, Government Regulations, Inventory Levels, Inventory Management, Leadership, Manufacturing, Materials Analysis, Materials Cost Analysis, Materials Management, Materials Requirements Planning (MRP), Materials Testing, Microsoft Excel, Multitasking, Oracle, Organizational Skills, Peoplesoft, Pivot Tables, Presentation/Verbal Skills, Production Schedule, Production Volume, Proposal Development, Purchasing/Procurement, Request for Proposals (RFP), Risk Analysis, Supply Chain, Supply Chain Management, Supply Chain Operations, Team Player, Vendor/Supplier Selection, Vlookups, Work Breakdown Structure (WBS)

LOCATION

Cambridge, Massachusetts

POSTED

3 days ago

The Supply Chain Material Forecaster is responsible for managing, planning, and executing the right volumes of materials, goods, and products to execute the Bill of Materials (BOM) based on the established budget, cost model, production schedule, and timeline for performance/production. This position is required to communicate and coordinate with multiple departments and serves as the liaison between teams ensuring a steady, cost-effective supply of components the accuracy of the data, and presenting to leadership.

Responsibilities:
- Utilize Material Requirements Planning (MRP) and Enterprise Resource Planning (ERP) systems (e.g., Oracle) to process forecasts, inventory levels, and production schedules.
- Prepare and deliver regular detailed reports on material forecasts including actuals, and open commitments that contribute to material estimates to complete (ETC) for relevant stakeholders within an accuracy band established with stakeholders.
- Develop and evaluate material proposals in response to requests for proposals (RFPs), estimate material costs, validate the Bill of Materials, and solicit quotes from suppliers.
- Create plans, forecast targets and schedules relating to materials required to meet operational requirements.
- Work with Supply Chain to facilitate a detailed and comprehensive analysis on material costs and identify opportunities for bulk discounts or cost savings from suppliers and make recommendations based on findings and analysis.
- Reach out to Supplier base for additional information in support of forecast detail
- Monitor forecast accuracy for variance between actuals and forecasted values, for continuous improvement and accuracy
- Identify risks and opportunities, along with mitigation strategies to ensure forecast targets are met for Programs and Supply Chain
- Participates in regular planning reviews, prepare data and presentations for ELT program discussions
- Analyzes inventory levels and product demand to determine the amount of finished goods that will be produced and/or purchased.
- Investigate and quantify potential drivers of forecast error, present findings, and devise methods to reduce error with each subsequent reforecast
- Utilizes historical data on past production volumes, project timelines, and statistical methods to generate accurate forecasts.
- Create and present data analysis on how to meet company inventory and demand goals.
- Regularly reviewing and updating forecasts based on changing project requirements and market conditions.

Qualifications
- Bachelors degree in business administration, Finance, Supply Chain Management, or 8+ years of experience in related field preferred.
- Minimum 3-5 years demonstrated work experience in government contracting and Material Management, Operations, Supply Chain, or related field.
- Familiarity with government procurement regulations (FAR/DFARS), ITAR, and EAR.
- Understanding of contract structure to include Work Breakdown Structure (WBS) and contract line items (CLINs).
- Basic understanding of accounting principles.
- Strong analytical skills and ability to interpret complex data sets.
- High proficiency with MS 365, particularly Excel for data modeling (v-lookup, pivot tables), and experience with MRP/ERP software. PeopleSoft experience preferred.
- Understanding of supply chain principles and inventory management best practices.
- Excellent organizational and multitasking abilities in a fast-paced environment.
- Excellent communication and collaboration skills to work with cross-functional teams including finance, manufacturing, engineering and supply chain.
- Experience in manufacturing or related industries is preferred.The Supply Chain Material Forecaster is responsible for managing, planning, and executing the right volumes of materials, goods, and products to execute the Bill of Materials (BOM) based on the established budget, cost model, production schedule, and timeline for performance/production. This position is required to communicate and coordinate with multiple departments and serves as the liaison between teams ensuring a steady, cost-effective supply of components the accuracy of the data, and presenting to leadership.

Responsibilities:
- Utilize Material Requirements Planning (MRP) and Enterprise Resource Planning (ERP) systems (e.g., Oracle) to process forecasts, inventory levels, and production schedules.
- Prepare and deliver regular detailed reports on material forecasts including actuals, and open commitments that contribute to material estimates to complete (ETC) for relevant stakeholders within an accuracy band established with stakeholders.
- Develop and evaluate material proposals in response to requests for proposals (RFPs), estimate material costs, validate the Bill of Materials, and solicit quotes from suppliers.
- Create plans, forecast targets and schedules relating to materials required to meet operational requirements.
- Work with Supply Chain to facilitate a detailed and comprehensive analysis on material costs and identify opportunities for bulk discounts or cost savings from suppliers and make recommendations based on findings and analysis.
- Reach out to Supplier base for additional information in support of forecast detail
- Monitor forecast accuracy for variance between actuals and forecasted values, for continuous improvement and accuracy
- Identify risks and opportunities, along with mitigation strategies to ensure forecast targets are met for Programs and Supply Chain
- Participates in regular planning reviews, prepare data and presentations for ELT program discussions
- Analyzes inventory levels and product demand to determine the amount of finished goods that will be produced and/or purchased.
- Investigate and quantify potential drivers of forecast error, present findings, and devise methods to reduce error with each subsequent reforecast
- Utilizes historical data on past production volumes, project timelines, and statistical methods to generate accurate forecasts.
- Create and present data analysis on how to meet company inventory and demand goals.
- Regularly reviewing and updating forecasts based on changing project requirements and market conditions.

Qualifications
- Bachelors degree in business administration, Finance, Supply Chain Management, or 8+ years of experience in related field preferred.
- Minimum 3-5 years demonstrated work experience in government contracting and Material Management, Operations, Supply Chain, or related field.
- Familiarity with government procurement regulations (FAR/DFARS), ITAR, and EAR.
- Understanding of contract structure to include Work Breakdown Structure (WBS) and contract line items (CLINs).
- Basic understanding of accounting principles.
- Strong analytical skills and ability to interpret complex data sets.
- High proficiency with MS 365, particularly Excel for data modeling (v-lookup, pivot tables), and experience with MRP/ERP software. PeopleSoft experience preferred.
- Understanding of supply chain principles and inventory management best practices.
- Excellent organizational and multitasking abilities in a fast-paced environment.
- Excellent communication and collaboration skills to work with cross-functional teams including finance, manufacturing, engineering and supply chain.
- Experience in manufacturing or related industries is preferred.

About the Company

GCR Professional Services

We are a national technical recruiting firm. At GCR, you'll discover a team of experienced and technically knowledgeable recruiters all working for you. We specialize in contract, contract to hire, and permanent staffing solutions across a variety of industries including, Information Technology, Commercial, Automotive, Medical Device, Pharmaceutical, and Manufacturing. We have well established relationships with companies from startup to large enterprise organizations.

COMPANY SIZE

100 to 499 employees

INDUSTRY

Staffing/Employment Agencies

FOUNDED

2001

WEBSITE

http://www.gcrtemps.com

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