Inventory and Financial Modelling Expert Wanted
1 week ago
We are seeking an expert in inventory and financial modelling to join our team as a demand planning specialist. The successful candidate will have a strong understanding of financial modelling, budgets, forecasting, analysis, reporting, strategies, business insights, turnover rates, demand and sales planning.
As an inventory and financial modelling expert, you will be responsible for developing and maintaining inventory models, generating regular reports on key performance indicators, and working closely with procurement, sales, and marketing teams to align sales forecasts with business strategies.
- Main Responsibilities:
- Develop and maintain inventory models to ensure optimal stock levels across multiple customer locations (stores).
- Generate regular reports on key performance indicators (KPIs) such as forecast accuracy, inventory turns, and stock-out rates.
- Work closely with Procurement, Sales, and Marketing teams to align sales forecasts with business strategies, commercial trends, and other factors that can impact demand.
- Liaise with the Procurement Department to gather information on lead times and any potential supply chain disruptions.
- Communicate effectively with various stakeholders (customers and internal team) to provide insights into demand planning decisions and potential supply chain issues.
- Stay abreast of industry trends and emerging technologies to drive continuous improvement initiatives in demand planning processes to enhance efficiency and accuracy.
- Develop and maintain accurate sales forecasts using historical sales data, market trends, and business insights.
- Continuously update forecasts based on real-time sales data, market conditions, and promotional activities.
- Monitor inventory levels and turnover rates.
- Work closely with sales, marketing, and finance teams to understand promotional activities.
- Lead and utilize portals to pull forecasts and POS sales reports.
- Develop a goal to hit best forecast accuracy (3-5% variance).
- Analyse data to identify areas for improvement in demand and supply planning processes.
- To be accountable for forecast accuracy within the allocated categories.
- To be accountable for optimized inventory levels within the allocated categories and minimum order quantity within the allocated categories.
- To recognize and reconcile forecast exceptions to track and manage sales against forecast and validate forecast for OTB management of customers.
- To enable the sales teams by providing a timeous, accurate and optimal sales forecast.
- Conduct planning to ensure alignment with the forecasting by the vendors.
- Present historical vs actual analysis in line with annual budget & BPE as well as promotional plan.
- Finance Bachelor's Degree or Diploma.
- SAICA Articles (AGA eligible ideal).
- Transport - Own car.
- On-site role.
- Major attention to detail required.
- Software knowledge – Excel skills must be very strong.
- Ability to communicate clearly in English.
- Competitive salary offered.
- A long-term role with a great company.
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