WHAT DOES A BUSINESS PLANNING ANALYST DO?
The Business Planning Analyst plays a crucial role in supporting the monthly and quarterly planning processes, ensuring strategic alignment across various organizational functions. With responsibilities that include providing analysis and input for Weekly Operations meetings and aiding in the annual Business Plan preparation, this role enhances operational effectiveness and strategic decision-making. Furthermore, the analyst contributes to improving workflow processes, promoting efficiency among departments, and identifying potential areas for planning enhancements in collaboration with stakeholders.
A Review of Professional Skills and Functions for Business Planning Analyst
1. Business Planning Analyst Duties
- Capacity Development: Develop capacity allocation process with suppliers.
- Forecast Collaboration: Work closely with Planning in identifying forecast and order projection plan.
- Supplier Communication: Communicate those to suppliers in a timely and accurate manner.
- Procurement Documentation: Document procedures/policies/methodologies used in the procurement process.
- Supplier Assistance: Assist with supplier performance rating metric and cost reduction activities.
- Supplier Management: Manage external relationships with suppliers, hold supplier meetings.
- Tool Maintenance: Create and/or maintain collaboration tools such as SharePoint or Confluence site.
- Team Collaboration: Help cross-functional teams collaborate and share knowledge efficiently.
- Order Guidance: Provide allocation inputs and order lead time guidance in weekly wafer ordering process.
- Accuracy Assurance: Ensure accuracy and provide advice to help generate the most income for the company.
- Discrepancy Resolution: Resolve PO price and/or receipt discrepancies with Accounts Payable, Receiving, and suppliers.
2. Analyst-Business Planning Details
- Client Profitability: Prepare profitability analyses by client & product.
- Expense Management: Review projected expenses and prepare adjustments.
- Template Creation: Create templates for billing/invoicing new clients & services.
- Finance Support: Support all finance activities with the Broadridge shared service finance team.
- Ad-Hoc Response: Respond to ad-hoc requests from internal clients for information and analysis.
- Template Provision: Provide quotes & invoicing templates for various ad-hoc print requests.
- Pricing Development: Prepare new business pricing proposals & quotes accurately and thoroughly.
- Financial Review: Review monthly financial results and revenue database, complete variance & trend analyses.
- Forecast Development: Work with shared services finance team and business unit management to develop revenue forecasts & plans.
- Strategic Pricing: Support strategic pricing initiatives to determine impact on business model and tactical execution.
3. Business Planning Analyst I Accountabilities
- Planning Support: Support the monthly and quarterly planning process.
- Operational Analysis: Provide analysis and input for Weekly Operations meetings.
- Business Plan Support: Support the annual Business Plan preparation process.
- Workflow Promotion: Promote streamlined and efficient workflow processes amongst departments.
- Data Support: Support data for operational cadences and tracking towards key business objectives.
- Coordination Help: Help coordinate planning requirements to stakeholders and cross-functional dependencies.
- Risk Analysis: Provide analytical insights on the consolidated plan for areas of risk/opportunity.
- Process Improvement: Identify improvements in the planning process in collaboration with all stakeholders involved.
- System Documentation: Responsible for helping document system maintenance/support and provide day-to-day end user support to all levels of the organization.
- Process Documentation: Document, understand, and improve cross-departmental processes that impact AvidXChange's relationships with Buyer customers.
- Performance Monitoring: Monitor team performance and data integrity to make recommendations on continuous improvements.
4. Business Planning Analyst Functions
- Data Review: Review data, assumptions, and price quotes prepared by other teams.
- Data Analysis: Collect and analyze inputs and outputs of various Advanced Planning optimizations.
- Trend Identification: Help identify trends in the inputs and outputs of various Advanced Planning optimizations.
- Global Collaboration: Work with US-based and overseas employees to implement new business processes.
- Logistics Improvement: Improve logistics networks by reducing manufacturing inefficiencies and cycle times.
- Department Support: Collaborate with and provide support to Operations and Finance departments on day-to-day tasks.
- System Design: Design and implement systems to improve logistics networks through collaboration with Corporate Information Systems and other support groups.
- Manufacturing Analysis: Collect and analyze manufacturing production, inventory, and cost data to assist management in making manufacturing decisions.
- Supply Chain Enhancement: Work with manufacturing and logistics teams to improve supply chain processes and methods.
- Tool Utilization: Understand the uses of various Advanced Planning optimization and design tools to allow for quicker analytics.
5. Business Planning Analyst Overview
- Inventory Analysis: Conduct wafer inventory and supply gap analysis.
- Supplier Management: Drive supplier on-time delivery performance, maintain delivery dates in SAP system.
- Delivery Improvement: Implement delivery improvement efforts with suppliers to ensure wafer delivery target.
- Data Maintenance: Maintain material master, part number, and lead time in ordering tool and purchase order system.
- Logistics Processing: Process logistics movement and manufacturing change requests, submit order change notice and PO modification documentation.
- Product Collaboration: Work with New Product Development and Engineering teams on new tape-out mask and wafer purchasing.
- Purchase Management: Execute Purchase Requisition and submit PO to suppliers, monitor mask making and wafer delivery schedule.
- Supplier Reconciliation: Perform reconciliation with suppliers on backlog/open order, coordinate goods receipt and invoicing activities.
- Purchase Documentation: Responsible for purchase document generation, including creating, maintaining, and closing Purchase Orders (PO) to ensure the accuracy of PO data in SAP system.