The Demand Planning Associate will collaborate with cross-functional teams including Sales, Marketing, and Supply Chain to ensure product availability, minimize stockouts, and optimize inventory levels.
Forecasting & Analysis
- Develop and maintain accurate short-term and long-term demand forecasts.
- Analyze historical sales, market trends, and seasonality to improve forecast accuracy.
- Identify and investigate demand forecast variances; provide actionable insights and recommendations.
- Support statistical modeling and data-driven forecasting processes.
Cross-Functional Collaboration
- Partner with Sales, Marketing, Finance, and Operations to gather inputs for the demand planning process.
- Integrate promotional plans, new product introductions, and customer insights into demand forecasts.
- Participate in monthly S&OP (Sales & Operations Planning) meetings and provide forecast inputs.
Inventory & Supply Alignment
- Collaborate with inventory and supply planning teams to align demand forecasts with supply capabilities.
- Monitor stock levels and assist in balancing inventory to minimize overstock or stockouts.
- Support replenishment strategies and help ensure optimal service levels.
Systems & Reporting
- Maintain planning data in ERP and demand planning systems (e.g., SAP, Oracle, NetSuite).
- Prepare regular reports and dashboards to track key planning metrics (forecast accuracy, inventory turnover, etc.).
- Assist with the development and automation of planning tools and reports.
Process Improvement
- Identify and support continuous improvement initiatives within the demand planning process.
- Assist in developing and refining standard operating procedures (SOPs) for forecasting and planning.