Forecaster jobs
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.
The skills required
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.
Forecaster Jobs in Sunderland
A local district in the county of Tyne and Wear, Sunderland is situated at the mouth of the River Wear and for hundreds of years, the region served as a port, mainly trading products like coal and salt.
Throughout the Industrial Revolution, Sunderland's economy was based on industries like brewing, glassmaking, pottery and rope making.
From the 14th century onwards, Sunderland was also an important place for shipbuilding. In 1814, there were 24 shipyards in the region and by 1840 this number had risen to 65. By the middle of the 20th century, a significant portion of the country's merchant and naval ships were produced here.
The last of the shipyards, however, closed in 1988 and much of the other heavy industry has also disappeared from the region. Today, the economy of Sunderland is now mainly based in the service sector, although a number of factories and production facilities still exist.
Those seeking Forecaster roles in Sunderland will have a range of options to consider and a number of companies operate regional offices, warehouses and other facilities in the region - including Littlewoods and LG Electronics.
Berghaus, an outdoor clothing manufacturer has its head office in Sunderland and so does Arriva, the public transport company. The 2 Sisters Food Group, which supplies poultry, fish, chilled and frozen items and bakery goods to supermarkets, also has a site here.
Meanwhile the Nissan car plant in Sunderland is the largest factory of its kind in the UK and produces vehicles like the Micra, Note and Qashqai.
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Cast UK’s supply chain opportunities
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 0333 121 3345.
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