Inventory Planner - Warehouse

Khatam Festive Apparel; Selangor; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading fashion company is seeking an Inventory Planner to enhance their inventory management processes. The role involves strategic analysis, demand forecasting, and collaboration across teams to ensure optimal inventory levels, minimize waste, and maximize efficiency in supply chain operations.

Qualifications

• Bachelor's degree in business, supply chain management, or logistics.
• 1-3 years of experience in inventory planning.
• Strong analytical and problem-solving skills required.

Responsibilities

• Monitor and analyze inventory movements for trends.
• Develop forecasting models based on sales data.
• Collaborate with teams to align inventory with sales forecasts.

Skills

Analytical Skills

Problem Solving

Communication

Collaboration

Proficiency in Inventory Management Software

Education

Bachelor's degree in business or related field

Tools

Microsoft Excel

Job description

Job Summary:

The Inventory Planner is a critical role responsible for the strategic analysis, planning, and optimization of the company's inventory management processes. This position will proactively monitor inventory levels, analyze movement patterns, develop forecasting models based on sales data and market trends, and propose data-driven recommendations to ensure optimal inventory levels, minimize waste, and maximize efficiency across the supply chain. The Inventory Planner will play a key role in both post-sales analysis and pre-sales forecasting, contributing directly to improved profitability and customer satisfaction.

Key Responsibilities:

Inventory Analysis and Monitoring: Continuously monitor and analyze all inventory movements, including receipts, shipments, adjustments, and returns, to identify trends, bottlenecks, and areas for improvement.

Demand Forecasting: Develop and maintain robust forecasting models utilizing historical sales data, market trends, seasonality, promotional activities, and other relevant factors to predict future inventory needs.

Inventory Planning and Optimization: Based on demand forecasts and inventory analysis, develop and implement optimal inventory stocking levels, safety stock targets, and replenishment strategies to meet customer demand while minimizing holding costs and the risk of obsolescence.

Proactive Inventory Management: Identify potential inventory issues proactively, such as slow-moving items, potential stockouts, or excess inventory, and develop and implement corrective actions.

Reporting and Insights: Generate regular and ad-hoc reports on inventory performance, including key metrics such as inventory turnover, fill rates, carrying costs, and obsolescence. Communicate findings and provide actionable insights to relevant stakeholders.

Collaboration and Communication: Work closely with retail, marketing, production, and operation teams to gather relevant information, align inventory plans with sales forecasts and operational capabilities, and ensure effective communication regarding inventory status and plans.

Process Improvement: Identify and recommend improvements to inventory management processes, policies, and systems to enhance efficiency, accuracy, and control.

System Utilization: Effectively utilize and maintain inventory management systems and tools to ensure data accuracy and generate meaningful reports and analyses.

Market Trend Analysis: Stay informed about relevant market trends, competitor activities, and economic factors that may impact demand and inventory requirements.

Performance Measurement: Track and measure the effectiveness of inventory management strategies and initiatives, and make adjustments as needed to achieve targets.

Qualifications & Skills

Bachelor's degree in business, supply chain management, logistics or related field

1-3 years of experience in inventory planning or related field

Strong analytical and problem-solving skills

Excellent communication and collaboration skills

Proficiency in inventory management software and Microsoft Excel

Experience working with suppliers and supply chain partners

How do your skills match this job?

How do your skills match this job?

Sign in and update your profile to get insights.

Your application will include the following questions:

What's your expected monthly basic salary? How many years' experience do you have as an Inventory Planner? How many years' experience do you have in supply chain management (SCM)? Do you have experience with inventory management?

Textiles, Clothing & Accessories 51-100 employees

KHATAM has been growing to strive as one of the leading festive apparels in the community. KHATAM aims to provide contemporary clothing to meet the aesthetic and cultural needs of the new generation of modesty.

Since 2016, KHATAM specialises in catering for menswear during the festive seasons. As the company has developed through years, KHATAM has gained attention from other customers of different backgrounds and cultures.

We are expanding our community not only for him, but for her and for all of us.

KHATAM has been growing to strive as one of the leading festive apparels in the community. KHATAM aims to provide contemporary clothing to meet the aesthetic and cultural needs of the new generation of modesty.

Since 2016, KHATAM specialises in catering for menswear during the festive seasons. As the company has developed through years, KHATAM has gained attention from other customers of different backgrounds and cultures.

We are expanding our community not only for him, but for her and for all of us.

To help fast track investigation, please include here any other relevant details that prompted you to report this job ad as fraudulent / misleading / discriminatory.

Researching careers? Find all the information and tips you need on career advice.