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 Runcorn
It might be difficult to imagine it now, but Runcorn was once a celebrated spa town and health retreat right up to the Industrial Revolution, whereupon its prime location made its industrialisation rapid. The town is located on the south bank of the River Mersey just before it flows east to the Wirral peninsula and Liverpool. The last bridge over the Mersey passes between Runcorn and Widnes; it is a railway bridge directly adjacent to the impressive steel-arch bridge that takes advantage of a natural outcrop, but still has a single span of 330m. For a time there were three crossings, including a transporter bridge, but this was dismantled in 1961. A brand new crossing has been planned which will ease congestion on the roads.
Runcorn’s main industry has always been, and remains, chemicals. Chlorine, caustic soda, hydrogen and polymers have been produced there for over a hundred years. The town is served by a mainline railway (Liverpool to London) and no fewer than three canals – the Manchester Ship, the Bridegwater and the Weaver Navigation. The town had a busy dockyard up until the post-war period, when it fell into decline.
The town remains an industrial and commercial hub in the immediate vicinity, with several large industrial estates, trading estates and retail parks in and around the town, thanks to massive regeneration efforts in the 1970s and 1980s. Runcorn has a large new town that was built to house the overspill from Liverpool. With the M56 to Manchester, links to Liverpool and Chester and a good rail and waterway network, there are several distribution centres in and around the town, making Runcorn an excellent place to look for Forecaster work.
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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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