Onsite Senior Inventory Planner – Stocking Strategy

Banner Recruiting

Minneapolis (MN)

On-site

USD 82,000 - 116,000

Full time

5 days ago

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Benefits offered by this job

401(k) with match

Medical, Dental, Vision

HSA

PTO

Profit Sharing

Life Insurance

Pet Insurance

Job summary

Banner Engineering in Brooklyn Park, MN is seeking a Senior Planning Analyst to advance inventory planning capability and stocking strategy. You will partner with Operations, Commercial, Product Management, and regional teams to translate demand signals into actionable inventory plans and define which products to stock and where.

The role reports to Demand Planning Manager and requires onsite work five days a week at the MN office.

Qualifications

Bachelor’s degree in Supply Chain, Operations, Business, Finance, Engineering, Data Analytics, or a related field.
5+ years of experience in demand planning, inventory planning, supply planning, operations analytics, commercial operations, or a related manufacturing environment.
Strong analytical capability with experience translating large datasets into business insights, recommendations, and action plans.
Experience with inventory management concepts including safety stock, min/max, service levels, forecast accuracy, lifecycle planning, SKU segmentation, and excess/obsolete inventory.
Working knowledge of ERP, MRP, forecasting, planning, or inventory optimization systems; experience with Oracle, GAINS, Qlik, Power BI, Excel, or similar tools preferred.

Responsibilities

Support the development and execution of Banner’s stocking program strategy, including P/S/N stocking recommendations, min/max logic, demand segmentation, and service‑level targets.
Analyze inventory availability, forecast inputs, demand behavior, backlog, open sales orders, lead times, and distributor requirements to identify gaps in in‑stock performance.
Partner with Product Management and Commercial teams to align stocking decisions with product‑family strategy, lifecycle stage, customer promise, distributor expectations, and revenue priorities.
Work with Operations and Supply Chain teams to translate stocking strategy into executable replenishment, production, and material plans.
Develop reporting and dashboards to monitor in‑stock levels, inventory health, service levels, forecast quality, slow‑moving inventory, excess exposure, and stocking‑policy effectiveness.
Identify root causes of stockouts, inventory imbalances, past‑due backlog, slow‑moving inventory, and unmanaged stocking drift; recommend corrective actions and process improvements.
Support monthly forecast and inventory reviews, product‑family health reviews, and cross‑functional stocking governance forums.
Evaluate demand patterns using segmentation methods such as ABC/XYZ, runners/repeaters/strangers, lifecycle stage, customer concentration, and revenue contribution.
Recommend stocking policy updates, safety stock assumptions, replenishment parameters, and exception‑handling rules based on data, business priorities, and operational feasibility.
Coordinate with distributor‑facing and regional teams to understand channel inventory needs, availability gaps, lead‑time expectations, and communication requirements.
Help build standard work, planning tools, and repeatable processes that improve inventory decision quality and reduce reliance on ad‑hoc analysis.
Escalate material stocking risks, service‑level tradeoffs, or inventory exposure issues with clear options, financial impact, and recommended next steps.