Inventory Planner

Key Responsibilities:

• Develop and maintain inventory replenishment plans and strategies to optimize stock levels and ensure product availability.
• Analyze sales trends, historical data, and demand forecasts to determine inventory needs and replenishment quantities.
• Monitor inventory levels and product availability, and proactively identify and address potential stockouts or overstock situations.
• Coordinate with suppliers and vendors to manage purchase orders, lead times, and delivery schedules to meet inventory targets.
• Collaborate with sales, marketing, and operations teams to forecast demand, plan promotions, and launch new products.
• Identify slow-moving or obsolete inventory and develop strategies to minimize excess inventory and liquidate obsolete stock.
• Conduct regular inventory audits and cycle counts to ensure accuracy and integrity of inventory data.
• Analyze inventory performance metrics and key performance indicators (KPIs) to evaluate inventory management effectiveness and identify opportunities for improvement.

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Requirements:

• Bachelor's degree in Supply Chain Management, Operations Management, Business Administration, or a related field. Relevant certifications in inventory management or supply chain are a plus.
• Proven experience in inventory planning, demand forecasting, or supply chain management roles, preferably in a retail or manufacturing environment.
• Strong analytical and quantitative skills, with proficiency in data analysis tools and techniques.
• Familiarity with inventory management software systems (e.g., ERP, WMS) and proficiency in Microsoft Excel or other spreadsheet software.
• Excellent communication and collaboration skills, with the ability to work effectively with cross-functional teams and external partners.
• Detail-oriented and highly organized, with the ability to manage multiple priorities and deadlines in a fast-paced environment.
• Problem-solving mindset and ability to identify root causes of inventory issues and develop effective solutions.
• Knowledge of inventory management best practices, industry trends, and regulatory requirements.