Inventory Planning & Forecasting Coordinator

Quality Brands • Omaha, NE

13d

About The Position

This role focuses on forecasting and planning inventory to ensure optimal stock levels, minimize risks, and support business needs. The coordinator will develop and maintain inventory forecasts, compare them against actual sales, and identify potential issues like shortages or excess inventory. They will also manage inventory and purchasing decisions, coordinate with suppliers and logistics, and collaborate with various internal departments such as Sales and Operations. The goal is to improve forecast accuracy, maintain target inventory levels, reduce stockouts and excess inventory, and provide sound purchasing recommendations.

Requirements

• Bachelor's or associate degree in Business, Supply Chain, Operations, Analytics, Finance, or a related field preferred.
• Previous experience in inventory management, purchasing, supply chain, forecasting, warehouse operations, or a related field preferred.
• Strong analytical and problem-solving skills.
• Strong Excel skills and comfort working with large amounts of data.
• Ability to recognize trends and turn information into recommendations and action.
• Excellent attention to detail and organizational skills.
• Ability to manage multiple priorities, suppliers, deadlines, and inventory needs.
• Strong communication skills and the ability to work across departments.

Nice To Haves

• Experience with Encompass WMS or another inventory/ERP system is a plus.

Responsibilities

• Develop and maintain inventory forecasts using historical sales, trends, seasonality, promotions, supplier expectations, and changing business needs.
• Compare forecasts against actual sales and inventory movement to continually improve purchasing decisions.
• Anticipate shortages, excess inventory, and other risks before they impact the business.
• Forecast new products, packages, promotions, and seasonal demand.
• Prepare for forecasting meetings with insights, risks, opportunities, and recommended actions.
• Monitor inventory levels, Days of Inventory (DOI), out-of-stocks, excess and close-dated inventory, inbound product, and sales trends.
• Identify unusual trends, recurring issues, and opportunities to improve inventory performance.
• Track forecast accuracy and use results to improve future assumptions.
• Translate inventory data into clear recommendations for business leaders.
• Use Encompass, Excel, reporting tools, and technology to improve visibility and decision-making.
• Make purchasing decisions based on forecasted demand, inventory position, supplier requirements, lead times, and DOI targets.
• Monitor incoming product and proactively address potential shortages or excess inventory.
• Identify opportunities to move inventory between locations to reduce outages, excess product, unnecessary freight, and product loss.
• Coordinate product transfers, supplier deliveries, trucking, and pickups as needed.
• Work closely with Sales, Operations, warehouse teams, suppliers, and leadership.
• Understand upcoming promotions, new products, discontinued items, market activity, and other factors affecting demand.
• Communicate inventory concerns early and bring potential solutions.
• Approach inventory decisions from a company-wide perspective.

Benefits

• Health, Dental, and Vision insurance within 60 days of employment
• $400 monthly waiver benefit if Health insurance is waived
• PTO after 90 days
• 401k with Employer Contribution
• Company-paid Short-Term and Long-Term Disability Insurance
• Other voluntary insurance coverage available such as Life, Accident, and Critical Illness
• Wellness Program with incentives
• Phone Allowance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree