Demand Planner

Job Description

Role & responsibilities Inventory Management: Incumbent will oversee the procurement, storage, and distribution of inventory across all retail outlets and warehouses. Ensure optimal stock levels to meet customer demand while minimizing overstock and stock-outs. Monitor inventory turnover and develop the plan to reduce waste and obsolete stock. Stock Accuracy: Implement and maintain accurate inventory tracking systems to ensure stock levels are precise and up-to-date. Establish and enforce standard operating procedures (SOPs) for inventory management. Demand Forecasting: Collaborate with sales and marketing teams to predict demand patterns based on sales trends, seasonality, market data for different locations. Analyse historical data to create accurate forecasts for procurement planning. Supply Chain Coordination: Co-ordinate with supply chain team to ensure the timely delivery of high quality products at required locations/partners. Reporting & Analysis: Prepare and present inventory reports, including turnover ratios, shrinkage, and valuation, to senior management. Use data-driven insights to suggest improvements in inventory policies and procedures. Compliance & Quality Assurance: Ensure compliance with safety, quality, and legal standards for inventory storage and handling. Maintain proper documentation for audits and inspections related to inventory management Preferred candidate profile Proficiency in inventory management systems/ERP software. Should have strong analytical and problem-solving abilities. Ability to work collaboratively with cross-functional teams. Effective communication and negotiation skills. 6+ years of experience in inventory control or supply chain management, preferably in the retail, ecommerce or handicraft industry. Should have exposure inventory management software to track, manage, and optimize inventory. Recommend and implement new technologies or tools to enhance inventory operations. Proven track record of reducing inventory costs and improving operational efficiency. Familiarity with the unique challenges of managing inventory, such as seasonal demand and diverse product SKUs