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Inventory/demand Planner Retail

4 months ago

Cape Town, 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 fast-paced 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 demand-related issues in a timely and effective manner