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ESCO occupation

forecast manager

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Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.

1324.8.1 ISCO 1324 ESCO source
Competences
40
Groups
4
Essential
24
Optional
16

Competences and skills

40 ESCO relations
Essential knowledge 5 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

2 competences
corporate social responsibility

The handling or managing of business processes in a responsible and ethical manner considering the economic responsibility towards shareholders as equally important as the responsibility towards environmental and social stakeholders.

green
ESCO source
supplier management

The methods and techniques to ensure that external services and configuration items, which are necessary for the service delivery, are available as requested and as agreed at the service level.

ESCO source

Cross-sector

3 competences
financial forecasting

The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

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supply chain management

The flow of goods in the supply chain, movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.

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supply chain principles

Characteristics, operations and resources involved in moving a product or service from supplier to the customer.

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Essential skills and competences 19 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

5 competences
analyse supply chain trends

Analyse and make predictions about trends and evolutions in supply chain operations in relation to technology, efficiency systems, types of products shipped, and logistical requirements for shipments, in order to remain at the forefront of supply chain methodologies.

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assess supplier risks

Evaluate supplier performance in order to assess if suppliers follow the agreed contracts, meet the standard requirements and provide the desired quality.

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maintain relationship with customers

Build a lasting and meaningful relationship with customers in order to ensure satisfaction and fidelity by providing accurate and friendly advice and support, by delivering quality products and services and by supplying after-sales information and service.

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maintain relationship with suppliers

Build a lasting and meaningful relationship with suppliers and service providers in order to establish a positive, profitable and enduring collaboration, co-operation and contract negotiation.

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manage inventory

Control product inventory in balance of availability and storage costs.

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Cross-sector

14 competences
analyse economic trends

Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.

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analyse logistic changes

Assess the financial impact of possible logistics changes such as shipping modes, product mixes or volumes, carriers and means of product transportation.

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analyse market financial trends

Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

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analyse supply chain strategies

Examine an organisation's planning details of production, their expected output units, quality, quantity, cost, time available and labour requirements. Provide suggestions in order to improve products, service quality and reduce costs.

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estimate costs of required supplies

Evaluate the amounts and costs of required supplies such as of food items and ingredients.

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follow company standards

Lead and manage according to the organisation's code of conduct.

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forecast dividend trends

Forecast the payouts corporations make to their shareholders in the long term, taking into account prior dividends, the corporation's financial health and stability, stock market trends, and shareholders' reactions to those trends.

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forecast future levels of business

Predict how the business will perform in future, potential expenditures and revenues to project situations for future periods

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forecast production quantities

Determine the most adequate production levels of products according to forecasts and analysis of historic consuming trends.

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identify suppliers

Determine potential suppliers for further negotiation. Take into consideration aspects such as product quality, sustainability, local sourcing, seasonality and coverage of the area. Evaluate the likelihood of obtaining beneficial contracts and agreements with them.

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liaise with managers

Liaise with managers of other departments ensuring effective service and communication, i.e. sales, planning, purchasing, trading, distribution and technical.

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manage supplies

Monitor and control the flow of supplies that includes the purchase, storage and movement of the required quality of raw materials, and also work-in-progress inventory. Manage supply chain activities and synchronise supply with demand of production and customer.

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order supplies

Command products from relevant suppliers to get convenient and profitable products to purchase.

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strive for company growth

Develop strategies and plans aiming at achieving a sustained company growth, be the company self-owned or somebody else's. Strive with actions to increase revenues and positive cash flows.

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Optional knowledge 4 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

0 competences

No competences in this bucket.

Cross-sector

4 competences
consumer goods industry

The consumer goods industry refers to a concrete economic sector that produce and sell goods to consumers for they direct consumption, enjoyment or use. Industry that covers a wide range of activities whose target is the final consumption of products by households. It includes food production, clothing and leather, electronics, and household equipment, among other sectors.

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economics

Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

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international business

The processes related to production or distribution of goods and services across borders.

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statistics

The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.

ESCO source
Optional skills and competences 12 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

4 competences
analyse logistic needs

Analysing the logistic needs of all the different departments on the organisational level.

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coordinate purchasing activities

Coordinate and manage procurement and renting processes including purchasing, renting, planning, tracking and reporting in a cost efficient way on an organisational level.

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manage standard enterprise resource planning system

Collect, manage and interpret data relevant for companies related to shipping, payment, inventory, resources and manufacturing using specific business management software. Such software as Microsoft Dynamics​, SAP ERP, Oracle ERP.

digital
ESCO source
monitor ingredient storage

Monitor ingredient storage and expiry dates via weekly reporting leading to good stock rotation and reduction of waste.

green
ESCO source

Cross-sector

8 competences
assist in planning production scheduling

Contribute to the planning of the production schedule with information on previous periods of production as to avoid waste and increase efficiency.

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calculate purchasing levels of raw materials

Estimate the adequate quantities of raw materials to be purchased and required to meet the production objectives based on the prospects and forecasts.

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forecast economic trends

Gather and analyse economic data in order to predict economic trends and events.

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forecast products' demand

Collect, analyse and calculate the demand of products and services based on reports and purchasing activity of customers.

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forecast sales over periods of time

Calculate and estimate the expected sales of products and services over different periods of time in order to determine their profitability.

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manage logistics

Create logistic framework for transporting goods to customers and for receiving returns, execute and follow up the logistics processes and guidelines. Adapt the production processes to the contingencies and constraints of the medium.

Scope note
Work with walls, walkway, pebbledash, glass, sheet metal, plastic and other materials.
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study sales levels of products

Collect and analyse sales levels of products and services in order to use this information for determining the quantities to be produced in the following batches, customer feedback, price trends, and the efficiency of sales methods.

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use sales forecasting softwares

Operate sale forecasting softwares in order to help in determining demand levels for products with higher levels of accuracy.

digital
ESCO source