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Inventory/demand Planner Retail

3 months ago

Cape Town, Western Cape, South Africa Stafflink Recruitment Solutions Full time

Main Purpose of this Position:

We are looking for a competent Inventory/Demand Planner to monitor and report on the companys inventory.

Demand forecasting is the process of using predictive analysis of historical data to estimate and predict customers'' future demand for a product or serviceto ensure we have the correct inventory.

Inventory control, demand forecasting helps the business make better-informed supply decisions,and is therefore critical for the attainment of business goals.


Qualifications Required:

  • Bachelors degree in business, supply chain or other relevant fields
  • A minimum of 3 years experience using forecasting/demand planning modules in an ERP system
  • Excellent MS Office and demonstrated Excel skills
  • Solid understanding of inventory management practices and procedures
  • The capability to work with large datasets and develop diagnostic, predictive, and prescriptive analytics models is a critical prerequisite
  • Strong mathematical and statistical knowledge
  • Capability to multitask in a fastpaced environment
  • Excellent written and verbal communication skills

Duties and Responsibilities:

  • Maintain PO and inventory information and reports to ensure timely delivery of merchandise while meeting initial fill rate and turn goals
  • Develop monthly sales and inventory forecasts through vendor management tools and demand forecasting
  • Support management with risk assessments and mitigation activities
  • Develop and measure inventory levels and service performance though KPIs
  • Maintain all reports, which manage inventory levels and maintenance of backorders, in conjunction with communication to management about actions being taken to resolve any issues
  • Propose and implement solutions to improve demand forecast accuracy
  • Successfully communicate forecast and inventory estimations to management
  • Monitor and report on important changes in sales forecasts, budgets, and business strategies
  • Conduct monthly forecast maintenance
  • Address demandrelated issues in a timely and effective manner