TITLE: Demand Planning Specialist DIVISION: Purchasing
REPORTS TO: Sr Demand Planner FLSA CLASSIFICATION: Exempt
Gold Star Foods is the leading food distributor to K-12 schools in the United States. We are a company devoted to providing our customers with incredible customer service. We know that it is our teammates who make the difference! Join our team and find out what it is like to work somewhere where you enjoy getting up for work every day!
Position Overview
The Demand Planning Specialist is a key member of the supply chain team who is responsible for analyzing and forecasting customer demand for products or services. They collaborate with various departments, such as sales, marketing, and operations, to develop accurate demand forecasts that drive efficient production, inventory management, and overall supply chain optimization. The Demand Planning Specialist plays a critical role in ensuring that the company meets customer demands while minimizing inventory holding costs and maximizing customer satisfaction.
Principle Responsibilities
Demand Forecasting and Analysis:
- Utilize historical sales data, market trends, and other relevant factors to develop accurate demand forecasts.
- Collaborate with sales, marketing, and operations teams to gather input and insights for demand planning.
- Monitor and analyze demand patterns, market trends, and customer behavior to identify potential demand fluctuations or changes.
- Continuously improve forecast accuracy through the use of statistical modeling, forecasting software, and other tools.
Inventory Planning And Management
- Determine optimal inventory levels based on demand forecasts, lead times, production capacity, and service level targets.
- Collaborate with procurement and production teams to ensure timely availability of materials and finished goods to meet demand requirements.
- Monitor and analyze inventory levels, stock-outs, and excess inventory, taking appropriate actions to optimize inventory performance and minimize costs.
Collaboration And Communication
- Foster effective collaboration and communication with sales, marketing, operations, and other stakeholders to ensure alignment on demand planning and forecasting.
- Provide regular updates and reports on demand forecasts, inventory performance, and key supply chain metrics.
- Collaborate with cross-functional teams to resolve any demand-supply imbalances, production constraints, or other supply chain issues.
Continuous Improvement
- Identify opportunities for process improvements and efficiency enhancements in demand planning and inventory management.
- Implement and leverage advanced forecasting techniques, tools, and technologies to enhance demand planning accuracy and efficiency.
- Stay updated on industry trends, best practices, and emerging technologies related to demand planning and supply chain management.
- Performs other duties as assigned.
Required Skills
- Strong analytical and quantitative skills, with proficiency in statistical analysis and forecasting techniques.
- Proficiency in demand planning software, ERP systems, and advanced Excel skills.
- Excellent communication and collaboration skills to work effectively with cross-functional teams.
- Detail-oriented mindset with the ability to manage multiple priorities and meet deadlines.
- Knowledge of supply chain principles, inventory management, and logistics.
- Familiarity with industry-specific demand patterns and trends (e.g., seasonal demand, market dynamics).
- Continuous improvement mindset with a focus on driving process optimization and efficiency.
Education/Experience
- Bachelor's degree in supply chain management, business administration, or a related field. A master's degree is a plus.
- Proven experience (2-5 years) in demand planning, forecasting, or related supply chain roles.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Working Conditions And Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Individuals may need to sit or stand as needed. May require walking primarily on a level surface for periods throughout the day. Reaching above shoulder heights, below the waist, or lifting as required to file documents or store materials throughout the workday. Proper lifting techniques are required. May include lifting up to 25 pounds on occasion.