Job Description
The Demand Planner plays a crucial role in the retail and wholesale industry by forecasting product demand to ensure optimal inventory levels. This position requires a blend of analytical skills, market knowledge, and strategic thinking to align supply with customer demand effectively. The Demand Planner collaborates with various departments, including sales, marketing, and supply chain, to create accurate forecasts that drive business decisions. A successful Demand Planner not only enhances customer satisfaction through timely product availability but also contributes to the overall profitability of the organization.
Responsibilities:
- Analyze historical sales data to identify trends and patterns in product demand.
- Develop and maintain accurate demand forecasts using statistical methods and market insights.
- Collaborate with sales and marketing teams to gather input on promotions and new product launches.
- Monitor inventory levels and adjust forecasts to prevent stockouts or overstock situations.
- Prepare and present demand planning reports to senior management, highlighting key insights and recommendations.
- Utilize demand planning software and tools to streamline forecasting processes.
- Conduct regular reviews of forecast accuracy and implement improvements as needed.
- Work closely with suppliers to ensure timely delivery of products based on demand forecasts.
- Participate in cross-functional meetings to align demand planning with overall business strategies.
- Stay updated on market trends and competitor activities to refine demand planning strategies.
Preferred Candidate:
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Proficiency in demand planning software and Excel.
- Ability to work collaboratively in a team environment.
- Detail-oriented with a focus on accuracy.
- Experience in retail or wholesale environments.
- Strong organizational skills and the ability to manage multiple priorities.
- Adaptability to changing market conditions and business needs.
- Proactive approach to identifying and resolving issues.
- Knowledge of supply chain management principles.