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 Harlow
During the post-war period as Britain was faced with rebuilding millions of shattered homes and re-housing their inhabitants, a radical solution was to build a series of new towns. Most cities of the UK have some form of new town within them or in their orbital range. Harlow in Essex was one such town. Situated 20 miles (33 km) north east of the centre of London, it was a grand project, with thousands of homes as well as industrial, shopping, entertainment and communications infrastructure being built around what was a village dating back at least to the Domesday Book.
Expansion was steady, taking place between the late 1950s and the 1970s, as jobs were created and the town became a reasonably attractive place to live. Although manufacturing was once a major industry in Harlow, it has since declined, and now the economy is largely service-based. The large factories have recently been demolished and smaller units for start-ups have been built with the hope of kickstarting a new tech sector. However the town is still home to some major employers, most notably GlaxoSmithKline and American defence firm Raytheon.
The town is well placed to serve London, situated as it is on the M11 that runs from the capital to Cambridge, and there are also good rail links to both cities. Stansted Airport is just 20 minutes up the motorway, too. With much regeneration going on in the town, it’s likely that the demand for Forecaster jobs will grow over the coming years. Keep checking back or get in touch if you’d like us to search the area for such positions.
Popular locations
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.
Contact us