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Job Overview JOB DESCRIPTION The Senior Material Planning Analyst will be responsible for overseeing inventory management, demand forecasting, and material planning processes to ensure the smooth operation of the supply chain. This role requires collaboration with various departments, including procurement, production, and logistics, to optimize material usage and enhance overall efficiency. Responsibilities Key Responsibilities: Demand Forecasting: Analyze historical data and market trends to prepare accurate demand forecasts. Collaborate with sales and marketing teams to gather insights for demand planning. Inventory Management: Monitor and manage inventory levels to ensure optimal stock while minimizing excess and obsolescence. Establish and maintain safety stock levels based on SKU criticality and demand variability. Material Planning: Develop and maintain production schedules to meet manufacturing demands. Ensure timely procurement of materials through collaboration with suppliers and procurement teams. Data Analysis and Reporting: Utilize forecasting and inventory management tools to analyze data and generate reports for management. Present findings and recommendations for inventory optimization, cost reduction, and efficiency improvements. Supplier Coordination: Work closely with suppliers to ensure material availability and address any supply chain disruptions. Evaluate supplier performance and implement necessary improvements based on key performance indicators (KPIs). Continuous Improvement Initiatives: Identify opportunities for process improvement in inventory management and material planning. Lead initiatives aimed at enhancing efficiency and reducing costs. Cross-Functional Collaboration: Collaborate with production, sales, logistics, and finance teams to align material planning with business goals. Participate in cross-departmental projects to support strategic initiatives. Compliance and Risk Management: Ensure compliance with industry regulations and internal policies regarding material procurement and usage. Assess risks in the supply chain and develop contingency plans accordingly. Qualifications QUALIFICATIONS Education: Bachelor's degree in supply chain management, logistics, business administration, or a related field; a master's degree or certification (e.g., APICS CPIM) is a plus. Experience: A minimum of 5-7 years of experience in material planning, inventory management, or supply chain analysis. Technical Skills: Proficiency in ERP systems (e.g., SAP, Oracle) and planning software. Strong analytical skills, including proficiency in Excel and data analysis tools (e.g., SQL, Tableau). Soft Skills: Excellent communication and interpersonal skills. Strong problem-solving abilities and attention to detail. Ability to work collaboratively in a team-oriented environment. Additional Requirements Knowledge of relevant regulations and best practices in supply chain management. Ability to handle multiple tasks and prioritize effectively in a fast-paced environment. Willingness to learn and adapt to new technologies and processes. This job description serves as a general guide and may vary by company and specific industry needs. Providing clear expectations helps potential candidates assess their suitability for the role while outlining the significant contributions they are expected to make. About Us Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable. Show more Show less
