Demand & Inventory Planner

SUMMARY:

Reporting to the Supply Chain VP, this role leads decision-making process for demand & inventory planning with all cross-functional teams, working closely with other departments, sales, marketing & product management, service and accounting to meet company objectives. The role develops inventory planning strategy for the US warehouses, ensuring the regional demand and fill rate of 95% is achieved on the top 25 SKU’s, 90% fill rate on all others, while keeping the aged inventory and overall working capital at optimum levels. The role has direct impact on company main objectives of 1) Being a reliable Supplier 2) Being easy to business with 3) Profitably revenue growth. Key KPI’s metrics include; on time and accurate ETA’s; maintaining appropriate safety stock to in country to support growth; minimizing aged inventory; maximizing working capital by achieving higher inventory turnover. The Demand and inventory planner play’s a critical role in having the right product, in the right place at the right time.

DUTIES AND RESPONSIBILITIES:   

·       The role is responsible for defining inventory planning strategy, inventory days, reorder points, etc and manages inventory on hand accordingly while ensuring company growth & financial targets are met with maximum effectiveness and efficiency.

·       Collects and analyses past / future demand inputs (such as distribution gains / losses, price changes, new / discontinued products and promotion plans) from sales and marketing, and incorporates their impacts on demand planning, and plans the inventory accordingly

·       The role understands business & demand drivers, orchestrates forecasting process and works with all necessary parties to improve forecasting accuracy while achieving in stock KPI’s of 95% on the top 25 SKU’s and 90% in stock on all others

·       Ensures that demand is fulfilled in full and on time, and the order management activities are performed according to customers’ requirements and deadlines

·       Works with various cross-functional departments on projects such as new product launches, discontinuations, and transitions, makes sure products are supplied according to projected NPI timelines

·       Generates reports to illustrate stocks, capacity, production plans, shipment schedules, potential risk and resources required to expand business

·       Identifies demand and supply gaps and risks of shortages, takes necessary actions to mitigate them and communicated to all necessary business partners

·       Formalizes, aligns with leadership  and communicates a weekly stock transfer process, to all Beko team members to ensure accurate on time stock movements such as transfers between warehouses, scrap, rework and revaluation planning

·       Manages warehouse capacity requirements according to company growth targets, plans capacity increases of warehouses and 3PL’s

·       Ensures warehousing costs & invoices are in line with agreements and current stock levels and solves disputes with 3PLs

·       Manages physical stock counts every year and takes necessary actions and ensure that the disputes are resolved

·       Maintains SKU based ETA information to the stock and shares with necessary parties

·       Identifies obsolete stock risks, works collaboratively with Product Marketing, Sales and Finance to initiate a plan to sell out obsolete stock

·       Measures, analyzes, monitors and communicates key performance indicators such as inventory days, aged stock ratio, OTIF, etc. while driving continuous improvement

Requirements

JOB REQUIREMENTS:  

·       Bachelor’s Degree in Engineering, Supply Chain, Logistics, Business or equivalent, master’s and/or MBA degree preferred.

·       +5 years’ experience in procurement, supply chain and logistics functions are a must

·       Technical knowledge in demand & inventory planning is needed

·       Strong knowledge of software used to support key functional areas in the supply chain; knowledge in SAP-ERP and other systems related with SC processes is preferred

·       Advanced Microsoft Office (especially Excel, Word, PowerPoint) is needed

·       Advanced knowledge in data analysis to analyze costs, inventory, and other data is needed

·       Exceptional analytical, organizational, and planning skills needed to optimize and drive efficiency in the end-to-end supply chain.

·       Decision making, problem solving skills, ability to drive communication between all cross functional teams is needed

·       Strong knowledge of data analysis and operations metrics is needed

·       Ability to multi-task and handle multiple priorities in a challenging, fast-paced environment is needed

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Retirement Plan (401k, IRA)
• Life Insurance (Basic, Voluntary & AD&D)
• Paid Time Off (Vacation, Sick & Public Holidays)
• Short Term & Long Term Disability
• Work From Home