It’s one thing to keep on top of all the activities a business has carried out – there’s a paper trail to create very precise reports - but it’s quite another to gauge events in the future. However, knowing as much as possible about the future financial direction of a company is just as important, and if it’s done well, it can allow spending and investment decisions to be made with confidence. It can even allow a company to steal a march on the competition.
The forecaster in a supply chain operation will be in charge of gathering as much data as possible to create accurate predictions of the direction of the company’s activities. This will be through a combination of internal factors, such as sales targets, staffing and investments and external factors such as government policy, infrastructural projects and general economic outlook.
The data will then be used to create forecasts which can be employed by the planning team to guide the company’s future direction. Of course, no plan survives first contact with the enemy, and forecasts may need to be constantly refined as more and more information becomes available. However the forecaster’s reputation will be determined by the accuracy and precision of his or her work.
Analysis will be at the heart of the forecaster’s daily work. Knowing which data are relevant and applying them to the calculations in line with the event being forecasted will be key to his or her success. Some forecasters will have a team of data analysts, each with their own sectors, to help with the task, while others will be required to source the data themselves. Ongoing monitoring will be an important part of the job, too. All forecasting is really the abstraction of past and present data to seek out trends and patterns, so when these change, so will the forecasts. It is important that mechanisms are set in place to alert the forecaster to key events which will affect the predictions.
Most of the work will be done at the desk using various IT solutions from web browsers, databases and spreadsheets to gather data to forecasting software or spreadsheets to perform the projection calculations. Good IT skills will therefore be required.
Finally, as the predictions are worthless if they are not presented properly, interpersonal and communication skills will be the final element of the forecaster’s makeup.
Applicants approach Cast UK for many reasons, whether seeking more job fulfilment or simply relocating for personal reasons, so it’s good to know that we always have the complete range of positions available nationwide. Please see what’s available in your region and if you’ve seen something you’re interested in, do get in touch – whether it’s today or tomorrow, we might have the ideal position for you.
Cast UK’s founder members and consultants all come from the logistics, procurement and supply chain sectors, so we know what employers and candidates are looking for in their staff and careers respectively. Cast UK is growing in this part of the UK recruitment industry, mainly because these are the only sectors we deal with, which means that many employers come to us first to create a candidate shortlist because they know we’re tightly focused on delivering the best people to them.
To find out more about how Cast UK can help you recruit a Forecaster for your business or find you a job as a Forecaster then contact one of our consultant team on 0161 825 0825.
East Lothian is a coastal county in the south east of Scotland, with Edinburgh to its west and Berwickshire (the Scottish Borders) to its south and Midlothian to its south west. To its north and east are the outlet of the Firth of Forth and the North Sea. The county town is Haddington, and thus the county was called Haddingtonshire until the early 20th century.
East Lothian has great connections to Edinburgh via the A1, A198 coast road and rail links. The county itself is relatively sparsely populated, with around 100,000 populating its 250 square miles (650 sq km) area. It serves mainly as a commuter and agricultural area. Towards its eastern edge, Forecaster work is probably more easily found in Edinburgh, but East Lothian does sometimes bring such jobs to our attention.
Cast UK’s regional specialists can provide detailed information about the potential employers, the available job types and the average expected salary. With a wealth of experience in the fields covered, our team of recruitment consultants understands what it takes to be a successful candidate for every vacancy.
At Cast UK, we never stop working with procurement, logistics and supply chain clients and applicants from across the country, and are dedicated to filling each position with the best talent possible. If you’re looking for more information on the Forecaster positions available in East Lothian or anywhere else in the UK, please get in touch so we can talk about what’s on offer.
To find out more about how Cast UK can help you find and recruit candidates within East Lothian or source a new job in East Lothian then contact one of our consultant team on 0161 825 0825.
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