Federal Signal Corporation - University Park, IL
posted about 2 months ago
Federal Signal is seeking a Demand Planner & Project Coordinator to develop, communicate, and execute end-to-end global product demand and supply strategies and tactical plans for multiple business units. This role is crucial in meeting sales, order fulfillment, and financial objectives. The ideal candidate will ensure that new product development (NPD) projects are launched on time and completely by facilitating the release and receipt of new parts by the procurement group. This position serves as a central point of contact for sourcing-related NPD matters, ensuring effective communication and collaboration across various teams. Key responsibilities include partnering with sales, product management, and finance teams to create an accurate and detailed consensus global forecast. The candidate will facilitate monthly demand review meetings and work directly with key distributors and top customers to ensure that current market demands are reflected in the product forecast. The role requires determining the most appropriate forecast model for each SKU based on product life, market trends, and seasonality, as well as setting forecast variance tolerances by SKU. The Demand Planner & Project Coordinator will also be responsible for improving forecast accuracy, providing monthly product mix forecasts to operations and supply chain teams, and using various query and report-writing software to monitor demand plans versus actual results. Continuous improvement of processes and methodologies for collecting information and predicting demand is essential. The candidate will support the planning process for product lifecycle transitions and drive cross-functional collaboration to influence demand on the supply chain, prioritizing demand for fulfillment based on business objectives and customer segmentation. Additionally, the role involves managing project tracking tools, negotiating new tooling contracts and component pricing, generating requests for quotation (RFQs), and collaborating with the buyer team regarding pricing and buying strategy. This position requires a proactive approach to ensure that all aspects of demand planning and project coordination are executed effectively and efficiently.