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Job Summary:
The Inventory Planning Specialist supports the planning and management of inventory to ensure product availability while maintaining optimal inventory levels and minimizing carrying costs. This role involves analyzing sales and inventory data, assisting in demand forecasting, and collaborating with internal stakeholders to support replenishment planning. The specialist contributes to maintaining balanced inventory to meet market demand while helping to prevent overstock and stockouts. This position provides an excellent opportunity to develop practical skills in inventory planning, demand forecasting, and supply chain operations, making it ideal for fresh graduates or candidates with up to 12 years of relevant experience.
Key Responsibilities:
Demand Forecasting
Analyze historical sales data, demand trends, and market insights to support accurate demand forecasting.
Collaborate with Sales and Purchasing teams to gather input and align demand planning assumptions.
Continuously review and adjust forecasts based on market trends, seasonal demand, and promotional activities.
Replenishment Planning
Monitor inventory levels and assist in determining optimal order quantities and reorder points.
Coordinate closely with Purchasing team to ensure timely and consistent supplier deliveries.
Monitor supplier performance and address any issues affecting inventory availability.
Inventory Analysis
Monitor inventory levels and conduct regular inventory analysis to ensure optimal inventory health.
Identify slow-moving, excess, and obsolete inventory and propose improvement actions.
Analyze and report key inventory performance metrics such as inventory turnover, fill rate, and stock accuracy.
Support initiatives to improve inventory accuracy and operational efficiency.
Cross-functional Collaboration
Work closely with Purchasing, Procurement, Logistics, and Warehouse teams to ensure inventory aligns with operational needs.
Support inventory planning for new products launches, including initial stock setup.
Communicate inventory updates and highlight potential supply risks to relevant stakeholders in a timely manner.
Requirements:
Key Skills:
Job ID: 144496079