Demand Planner

Summary / Position Purpose :

The Demand Planner is responsible for helping to optimize our inventory level by analyzing expected demand for their product categories and setting system parameters for our Purchasing Team based on this analysis. This role is responsible for helping to ensure that inventory is available for customers and optimizing our inventory position to drive revenue, profitability and cashflow. This role will work closely with our Product Management, Purchasing & Operations teams, analyzing data on vendor performance & expected demand to support end-to-end inventory management.

Essential Duties, Functions and / or Responsibilities :

• Analyze sales & purchasing data to forecast demand and establish appropriate inventory levels for products in their categories
• Define & manage system settings for the Purchasing team to work to mins, maxs, EOQs)
• Hold regular reviews for our key vendors, working with the Product Management & Operations teams to review overall inventory performance at vendor level & by SKU
• Monitor and report on important changes in demand forecasts & inventory position & review & make adjustments to system settings for purchasing in response to these changes
• Work with Product Management & Operations teams to analyze stocking packages for new products or lines, help to set performance targets for & review & adjust as needed
• Deliver against targets for inventory-related KPIs such as gross margin return on inventory & line fill
• Propose & implement solutions to improve demand forecasting & inventory planning