DUTIES & RESPONSIBILITIES :
1. Demand Planning and Inventory Forecasting
- Leads the demand planning process by collecting, analyzing, and interpreting inventory data to create accurate forecasts.
- Collaborates with relevant departments (Sales, Marketing, Finance) to gather insights and data for more accurate demand planning.
- Develops and implements strategies to optimize inventory levels, ensuring the right stock is available at the right time.
- Monitors demand trends and adjust forecasts to respond to changes in market conditions or customer preferences.
2. Stock Allocation and Inventory Flow Management
- Oversees the allocation of inventory across all channels, ensuring proper stock distribution between warehouses, stores, and e-commerce platforms.
- Develops strategies for stock flow management, including tracking and optimizing inventory turnover.
- Ensures the timely and efficient movement of inventory to meet business needs and prevent stockouts or excess stock.
3. E-commerce and Online Platform Stock Allocation
- Leads the analysis of demand data for e-commerce channels and ensure proper planning for stock allocation.
- Works closely with the e-commerce team to ensure optimal distribution of inventory for online sales platforms.
- Monitors sales performance and inventory levels for online platforms, adjusting plans as needed to meet demand and sales goals.
4. Cross-Functional Collaboration and Stakeholder Communication
- Collaborates with Sales, Operations, Logistics, and Marketing teams to ensure that inventory planning and demand forecasts align with business objectives and market conditions.
- Communicates inventory planning and allocation strategies to senior management and other key stakeholders, ensuring alignment across departments.
5. Team Leadership and Development
- Leads and manages the demand planning team, providing guidance, training, and support to ensure high performance and professional growth.
- Sets team goals, monitors progress, and provides regular feedback to ensure continuous improvement in planning and execution.
- Fosters a culture of collaboration, accountability, and innovation within the demand planning team.
6. Process Improvement and Optimization
- Identifies opportunities for process improvements in demand planning, inventory management, and stock allocation.
- Implements tools and systems to automate and streamline demand planning processes, improving accuracy and efficiency.
- Regularly assesses and refines demand forecasting models to improve their effectiveness.
7. Reporting and Performance Metrics
- Develops and maintains key performance indicators (KPIs) to monitor the effectiveness of demand planning and inventory management.
- Provides regular reports to senior management on inventory performance, stock levels, and demand forecast accuracy.
- Uses data-driven insights to inform strategic decisions and recommendations related to inventory and demand planning
Other Duties:
Performs other related duties as may be assigned from time to time.
JOB QUALIFICATIONS:
EDUCATIONAL BACKGROUND:
Bachelor's degree in Business Administration, Supply Chain Management, Statistics or related field; Master's degree is an advantage
EXPERIENCE REQUIREMENT:
Minimum of 10 years of experience in demand planning, inventory management, or a related field, with at least 5-7 years in a leadership or managerial role.
COMPETENCY SKILLS REQUIREMENT:
- Strong Forecasting, problem solving and analytical skills
- Excellent communication, customer service and interpersonal skills
- Detail-oriented and ability to manage multiple projects and priorities simultaneously
- Ability to adapt to changing market conditions
- Ability to lead through influence and communicate across diverse group of stakeholders
- Familiar with a variety of the manufacturing concepts, practices, procedures
REPORTS GENERATED:
Demand Forecast Report
Inventory Turnover Report
Stock Availability & Out-of-Stock Report
Sales & Operations Planning (S&OP) Report
Order Fill Rate Report
Demand-Supply Variance Report
Slow- & Fast-Moving Inventory Report
Customer Order Trends Report
KPI Performance Report