RESPONSIBILITIES:
Identify out- of- the- norm conditions on any product and communicate to management, make recommendations for solution.
Evaluate inventory and the reliability of the supply chain flow for approval of Ad Notice, promotional requests, and customer projections to ensure customer satisfaction and product availability.
Calculate and monitor forecast KPIs (Accuracy and Bias) against the targets, identify errors and provide solutions to improve forecasting performance.
Coordinate with other members of the team to drive result for categories.
Interact and build relationships with key business partners to ensure accurate data and forecasting.
Analyze, update, and monitor the forecast by SKU warehouse level for accuracy using a statistical forecast system and communicate changes to appropriate departments.
Contribute to the planning of long- and short- term business objectives; actively participate in product review meetings and Integrated Business Planning (IBP) meetings as required.
Maintain and follow up whole product planning life cycle including product status, product forecasting, promotion readiness and inventory.
Evaluate and monitor future orders versus forecast, make forecast changes when needed.
Join in consultation with team leaders to train new members.
Identify planned drop items and/or groups; evaluate and make recommendation for best time frame for drop based upon remaining finished goods inventory, raw material inventory on hand and/or at vendor locations. Negotiate with Production, Purchasing and/or vendor regarding the final run dates and provide direction for expediting, deferring and/or cancelling orders when necessary and ensure proper inventory levels are available. Recommend excess inventory items to be added to the Hot Buys develop a plan and make recommendations for closing out remaining inventory.
REQUIREMENTS:
Education
Bachelor’s degree in business, Supply Chain, or a related field
Experience
At least 2 years of experience in demand planning and inventory management
Knowledge, Skills, and Abilities
Ability to collaborate and work effectively in cross- functional teams
Knowledge of supply chain principles and practices
Familiarity with ERP systems and demand planning software
Strong problem solving skills
Must be fluent English
Strong analytical skills
Proficiency in demand forecasting and inventory planning techniques
Proficient in Microsoft Excel and other data analysis tools
