Inventory & Demand Planner
About The Position
An Inventory & Demand Planner helps make sure the company has the right products at the right time by predicting customer demand and managing inventory levels. The role involves analyzing sales and market trends, creating accurate forecasts, planning stock levels, and coordinating with teams like Sales, Marketing to keep supply and demand balanced. This position also monitors potential shortages or excess inventory, supports the S&OP process, and ensures smooth product availability while reducing costs and improving overall supply chain efficiency. Job Description: Forecasting future customer demand based on sales history, promotions, POS data, market trends, and new launches. Driving forecast accuracy by understanding error drivers, collaborating with Sales/Marketing, and using statistical tools. Identifying demand risks and opportunities, including upside and downside scenarios for cross‑functional review. Maintaining optimal inventory levels to support service levels (In‑stock KPIs: Walmart, Target, etc.). Reviewing inventory trends, including excessive, new excessive, aging, and liquidation opportunities. Managing backorders, allocation, execution planning, and general adjustments (e.g., write‑offs). Executing inventory grading, aligning safety stock, coverage, and replenishment strategies with POS performance. Monitoring BO risk and developing contingency plans (alternative sourcing, expedited routes).
Requirements
- SAP or similar forecasting software knowledge / experience is preferred.
- Bachelor’s degree (Business, Statistics, or related field), Statistics Major is preferred.
- 1+ year related experience is required
- Good communication and Team building skills, good people managing skills
- Strong analytical abilities, Extensive spreadsheet analysis and strong mathematical abilities
- Consistency. Resilience. Show a long-term career plan with KISS
- Understanding of forecasting tools, MRP, inventory management techniques, and supply chain KPIs.
- Excellent communication and interpersonal skills for cross‑functional collaboration (Sales, Marketing, Logistics, Finance).
Responsibilities
- Forecasting future customer demand based on sales history, promotions, POS data, market trends, and new launches.
- Driving forecast accuracy by understanding error drivers, collaborating with Sales/Marketing, and using statistical tools.
- Identifying demand risks and opportunities, including upside and downside scenarios for cross‑functional review.
- Maintaining optimal inventory levels to support service levels (In‑stock KPIs: Walmart, Target, etc.).
- Reviewing inventory trends, including excessive, new excessive, aging, and liquidation opportunities.
- Managing backorders, allocation, execution planning, and general adjustments (e.g., write‑offs).
- Executing inventory grading, aligning safety stock, coverage, and replenishment strategies with POS performance.
- Monitoring BO risk and developing contingency plans (alternative sourcing, expedited routes).
Benefits
- Premium Medical Insurance Coverage
- 401(k) Savings Plan
- Paid Time Off (PTO) based on seniority
- Paid Holidays
- Additional Workplace Offerings (subject to change or eligibility.)
- Annual Bonus Plan
- Onsite Employee Fitness Center with Indoor Racquetball Court and Yoga Room
- Summer Fridays
- Complimentary Gourmet Breakfast, Lunch, and Dinner
- Relocation Support for New Hires
- Work Anniversary Recognitions
- Congratulatory & Condolence Gifts
- Employee Referral Bonus Program
- License/Certification Reimbursements
- Corporate Employee Discounts
- Visa Sponsorships (100% paid by the company) i.e., New H-1B, H-1B Transfer, O-1, and Green Card
- Commuter Support (Shuttle Bus Program and EZPass Support)
- Vehicle Perks
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
