Pharmaceuticals Demand Forecaster

4 days ago


Jeddah, Makkah Province, Saudi Arabia Jamjoom Pharma Full time

Job Title: Pharmaceuticals Demand Forecaster

Overview:

Jamjoom Pharma is seeking an experienced Pharmaceuticals Demand Forecaster to join our team. As a key member of our supply chain department, you will be responsible for developing and executing accurate demand forecasts for pharmaceutical products.

Duties and Responsibilities:

  • Demand Forecasting:
    • Develop and maintain accurate demand forecasts for pharmaceutical products using statistical modeling, historical data analysis, market trends, and input from Sales, Marketing, Supply Chain, and Finance teams.
    • Refine forecasting methodologies and models to improve accuracy and responsiveness to market changes.
    • Conduct regular forecast review meetings with relevant stakeholders to discuss potential risks and opportunities.
    • Analyze forecast variances and identify root causes to improve future forecasting accuracy.
    • Incorporate new product launches, promotions, and market changes into demand forecasts.
  • Inventory Management:
    • Determine optimal inventory levels for each product considering demand forecasts, lead times, storage capacity, and service level targets.
    • Develop and implement inventory control policies and procedures to minimize stockouts and excess inventory.
    • Monitor inventory levels and proactively identify potential stock issues.
    • Collaborate with the supply chain team to ensure timely and efficient supply of products.

Requirements:

  • Bachelor's degree in pharmacy, Science, Supply Chain Management, Business Administration, Statistics, or a related field.
  • Proven experience (typically 5+ years) in demand forecasting and inventory management preferably in the pharmaceutical industry.
  • Strong understanding of forecasting methodologies, inventory management principles, and supply chain processes.


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