Demand Planner
2 months ago
Develop and maintain optimal inventory levels based on sales forecasts, historical data, and demand trends.
- Coordinate with purchasing and supply chain teams to ensure timely product availability and minimize stockouts or overstock situations.
- Monitor stock levels, set reorder points, and create replenishment plans that align with sales cycles and promotional events.
- Ensure the right product assortment and quantities are maintained at different stages of the product lifecycle to avoid overstock and stockouts.
- Establish reorder points and manage order quantities to optimize stock levels, ensuring timely product availability for customer demand.
- Monitor stock turnover rates, inventory aging, and obsolete stock to minimize carrying costs and prevent markdowns.
Ø **Sales Analysis**:
- Analyze sales data regularly to identify trends, high-performing products, and potential risks in inventory levels.
- Provide insights on product performance, seasonality, and customer demand to help guide assortment and purchasing decisions.
- Generate reports and dashboards to present data on sales, inventory, and trends to relevant stakeholders.
Ø **Open-to-Buy (OTB) Management**:
- Manage OTB budgets to ensure alignment with inventory needs and financial goals.
- Monitor OTB throughout the buying and sales cycles, adjusting plans to prevent over
- or under-purchasing.
- Collaborate with the finance team to align OTB plans with overall budget forecasts and financial objectives.
- Plan and allocate OTB by season, factoring in lead times, sales forecasts, and inventory turnover goals.
- Regularly adjust OTB plans based on actual sales performance and inventory levels, optimizing purchasing to maintain profitability.
Ø **Discount and Margin Analysis**:
- Conduct margin analysis to ensure pricing and discount strategies are profitable and meet the company’s financial targets.
- Set pricing strategies to achieve targeted margins, balancing discounts and promotions with profitability.
- Review and analyze product margins regularly, making data-driven recommendations to maximize profitability and minimize markdowns.
- Develop markdown strategies for end-of-season and slow-moving products, working with sales and merchandising teams to execute effective discount plans.
- Evaluate the impact of discounts and promotions on sales, profit margins, and inventory levels, and adjust strategies accordingly.
Ø **Sales and Discount Planning**:
- Collaborate with sales and marketing teams to create seasonal and promotional sales plans that maximize revenue and maintain brand value.
- Set discount and promotional strategies to drive sales and manage excess inventory effectively.
- Track and evaluate the effectiveness of discount and promotional campaigns to ensure alignment with margin and sales targets.
- Create sales forecasts for promotional periods, incorporating past performance, seasonality, and campaign objectives.
**Job Requirements**:
- Bachelor’s degree in Business, Supply Chain Management, or related field.
- 3 to 5 years of experience in inventory planning, sales analysis, merchandising, and financial planning.
- Proficiency in Microsoft Excel, ERP systems, data analysis tools and inventory management software.
- Strong analytical skills with expertise in inventory and sales data interpretation in addition to discount and margin planning.
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