Inventory Planner

Red Door Recruitment; Redbourn; On-site; GBP 36,000 - 44,000; Full time

Benefits offered by this job

Bonus scheme

Breakfast, snacks and great coffee

26 days holiday (increasing with years

Bupa after 3 months

Pension

Job summary

Red Door Recruitment is assisting an ambitious, dynamic and sustainable company based minutes from the town centre in recruiting an Inventory Planner. This role focuses on monitoring stock levels, supplier management and cross-functional collaboration to optimise inventory and costs.

You will work with procurement, sales and logistics to balance supply with demand, analysing data to drive informed decisions and improve service levels. A salary up to £40k with bonus and benefits is offered.

Qualifications

• 1–2 years of work experience, preferably in FMCG or retail industries.
• Love for data and using analytical tools to translate data into action.
• Proficiency in SAP and analytical software.

Responsibilities

• Monitor and analyse inventory levels to ensure optimal stock levels.
• Place orders with suppliers to replenish inventory as needed.
• Manage supplier relationships.
• Coordinate with procurement, sales, and logistics teams to align inventory levels with business needs.
• Identify and mitigate risks related to inventory shortages or excesses.
• Develop and implement inventory control procedures and best practices.
• Conduct regular inventory audits and reconcile discrepancies.
• Prepare and present inventory reports to management.
• Optimise inventory turnover rates to minimise holding costs.
• Collaborate with the finance team to manage inventory budgets and forecasts.
• Monitor and report on KPIs related to inventory management.

Skills

Data analysis

Analytical thinking

Forecasting

SAP

Communication

Education

1–2 years experience

Tools

SAP

Job description

Are you someone who has a flair for numbers and data, with the ability to think analytically and optimise efficiency whilst working collaboratively with other functions? Please double check you have the right level of experience and qualifications by reading the full overview of this opportunity below. An ambitious dynamic and sustainable company who are based minutes from the town centre are looking for an Inventory Planner.

What’s In It For You

• Salary: Up to £40k depending on experience
• Hours: Monday to Friday, Flexible - 8am-4pm/8.30am-4.30pm/9am-5pm/9.30am-5.30pm
• Bonus scheme
• Breakfast, snacks, and great coffee!
• 26 days holiday which rises with length of service
• Bupa after 3 months
• Pension

Key Responsibilities

• Monitor and analyse inventory levels to ensure optimal stock levels.
• Place orders with suppliers to replenish inventory as needed.
• Manage supplier relationships.
• Coordinate with procurement, sales, and logistics teams to align inventory levels with business needs.
• Identify and mitigate risks related to inventory shortages or excesses.
• Develop and implement inventory control procedures and best practices.
• Conduct regular inventory audits and reconcile discrepancies.
• Prepare and present inventory reports to management.
• Optimise inventory turnover rates to minimizes holding costs.
• Collaborate with the finance team to manage inventory budgets and forecasts.
• Monitor and report on key performance indicators (KPIs) related to inventory managements.
• Support continuous improvement initiative within the supply chain department.

What They Are Looking For

• 1-2 years of work experience, preferably in FMCG or retail industries.
• You have a love for data and using analytical tools, translating data/numbers into action is your thing.
• Proficiency in tools such as SAP.
• You take service level targets and forecast accuracy as input to generate performance inventory plans.
• Confidence in decision-making responsibilities.
• A friendly, proactive and positive attitude, with strong communication skills and a willingness to learn.
• Ability to manage time and prioritise tasks in a fast-paced environment

Red Door Recruitment is committed to encouraging equality, diversity, and inclusion among our workforce, and eliminating unlawful discrimination. Full details available on our website. Please note due to the number of applications we often receive, only shortlisted applicants will be contacted