Junior Demand Analyst

Junior Demand Analysts play a crucial role in the demand planning process of an organization. They assist in forecasting demand trends and patterns, which are integral to making strategic business decisions. Under the guidance of senior analysts, they collect, analyze, and interpret data, contributing to the accuracy of demand forecasts and the efficiency of supply chain operations.

What are the main tasks and responsibilities of a Junior Demand Analyst?

A Junior Demand Analyst typically assists in a variety of tasks that are foundational to the demand planning process. Their primary responsibilities often include:

• Data Collection and Analysis: Junior Demand Analysts gather and analyze sales and market data to support the demand planning process. They assist in identifying trends and patterns in demand, contributing to more accurate forecasts.
• Demand Forecasting: They assist in creating demand forecasts, using statistical and predictive modeling techniques under the supervision of senior analysts.
• Report Generation: Junior Demand Analysts help generate reports that provide insights into demand trends and forecast accuracy. These reports are crucial for informing strategic business decisions.
• Collaboration: They work closely with various teams, including sales, marketing, and supply chain, to gather data and understand factors influencing demand.
• Continuous Learning: Junior Demand Analysts are encouraged to continuously improve their analytical skills and knowledge of demand planning processes and tools.

What are the core requirements of a Junior Demand Analyst?

The core requirements for a Junior Demand Analyst position typically include a blend of educational background, technical skills, and analytical abilities. Here are the key essentials:

• Educational Foundation: A bachelor’s degree in business, economics, statistics, or a related field is often required. This ensures that they have the necessary theoretical knowledge.
• Technical Skills: Proficiency in Microsoft Excel for data manipulation and a basic understanding of analytics programming languages such as Python or R are often highly regarded.
• Data Literacy: Understanding the principles of data collection, data processing, and data management is important. The ability to interpret charts, reports, and visualizations is also a fundamental skill.
• Analytical Abilities: Strong problem-solving and analytical reasoning abilities are essential. They should be adept at hypothesis testing and have the capability to engage in inductive reasoning to draw insights from data.
• Statistical Knowledge: Knowledge of statistical analysis and the ability to apply statistical techniques to analyze data sets are expected.
• Communication Skills: The ability to communicate effectively, both verbally and in writing, is important. They should be able to present their findings in a clear and concise manner.
• Attention to Detail: A keen eye for detail is necessary for quality assurance and to ensure the accuracy of reports and analyses.
• Collaboration: The ability to work well with others and contribute to a team is essential. They should be able to collaborate with senior analysts and other team members to support the team's efforts.
• Eagerness to Learn: As demand analysis is an ever-evolving field, a willingness to learn and stay updated with the latest technologies, methods, and best practices in demand analysis is critical.

For companies seeking to fill this position, these core requirements ensure that a Junior Demand Analyst will be equipped to support demand planning processes and grow into a valuable asset within the organization.

To understand how Junior Demand Analysts can support your demand planning process and inform strategic business decisions, book a discovery call with us. Explore how this role can serve as an asset to your team and contribute to your data-driven ambitions and how to effectively assess candidates for this role.