Analyze supply and demand data for SKUs to determine a purchasing plan; Analyzing sales forecasts and evaluating inventory parameters to accurately determine what to order and when; Planning, directing, and coordinating all purchasing activities to ensure timely delivery; Negotiating best pricing and lead times with suppliers; Build and maintain positive relationships with suppliers. Demand Planning: Review and analyze forecast related alerts (i.e., under orover forecasted,forecast error, unusual sales, forecast vs model, forecast vs actuals, etc.) and make necessary adjustments to reduce error. Work closely with Salestoacquiretop customer forecasts and expected demand projections to align our operational forecast accordingly. Work closely withProduct and Market Managerstodeterminethe trajectory ofnew itemsand expectedcustomer needs. Review anddeterminestatistical forecasting algorithms to best fit SKUs based on demand patterns and life cycles. Supply Planning / Inventory Management: Analyze and set inventory parameters based on changes in demand and life cycle of SKUs. Reviewexpedites, delays,cancellationsand critical understockalertstoevaluate inventory levels andtake actiononincomingPO’s. Review order recommendations daily and adjust and/or generate orders as needed tomaintainproper weeks of supply. Proactively provide top suppliers with comprehensive forecasts reflecting our planned future orders. Proactively negotiate pricing, lead times, and MOQs with suppliers based on forecasted order volumes. Review quote opportunities from the Sales team and provide bestpossible vendorcosts. Inform Sales/Product Developmentif there are any changes to vendor costs. Processchangenotification requests in response tosupplieritem discontinuations or product changes. Collaborate with Buyers to monitor, review and track open orders to ensure timely delivery as needed.
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Job Type
Full-time
Career Level
Mid Level