| Location | Industry | Date Posted |
|---|---|---|
| Chicago USA | Purchasing & Supply Chain | February 7th |
Demand Planning Analyst
Job Description Summary
Responsible for managing inventory levels to maintain the proper balance between inventory investments and fill rates. Analyze Demand Planning, Forecast and Replenishment system by reviewing forecast. Ensure appropriate stock levels for all parts. Check for early identification of potential stock shortages to prevent stock out scenarios. Analyzes and researches unexpected demand to develop a forecast to be used by Parts Demand Planning, Forecast and Replenishment system. Ensures correct parameters are in place so system recommendations are compatible with the ordering requirements of the vendor. Analyze and research at a part level, forecast and inventory requirements to achieve target level fill rate and inventory goals. The primary goal is to provide the desired level fill while balancing inventory investments, operational impacts, and transportation cost. Achievement of these responsibilities may require some leadership of project teams.
Duties And Responsibilities
• Manage forecast of all parts and monitor inventory levels to achieve customer fill rate and inventory objectives.
• Establish forecast for materials without sufficient demand history (e.g. new parts, slow moving parts, and parts with quality issues).
• Develop historical trends, “like” products and parts, and sales and marketing data to apply a best fit forecast to achieve fill rate and inventory objectives.
• Oversee service parts new model, campaign and special events inventory to achieve product launch readiness objectives.
• Establish & maintain inventory management solutions such as forecasting models, stock level, replenishment, and deployment.
• Initiates and improves demand planning processes, fill rates, inventory performance, and supply chain costs.
• Analyze part master data including lead times, price, and supplier sourcing requirements to establish Min Lots & Economic Order Quantities.
• Become the SME for SAP eSPP, DRP demand planning system and strategy
• Maintain MM data elements (e.g. Safety Stock, ROP, Min Max) to optimize demand planning and inventory levels.
• Evaluate slow and dead stock conditions and perform root cause analysis to meet company objectives
• Monitor, generate and interpret results of reports necessary fill rates & inventory objectives.
• Work with Material Planners to ensure that inventory is ordered optimally
• Review purchase orders and evaluate MRP/DRP, forecasting & material planner performance.
• Responsible for performance metrics related to customer fill rate, inventory turns, forecasting accuracy, inventory and material planning.
Qualification and Job Knowledge
• Bachelor’s Degree from accredited university in related discipline such as Logistics, Supply Chain, Industrial Engineering, preferred
• 7 years of related work experience; or equivalent combination of education and work experience
• Must have expert level knowledge of aftermarket service parts including high skill levels with demand/inventory planning systems and the ability to querying/analysis data from multiple sources..
• SAP ERP (EWM, APO, WM, BW) and warehouse management systems experience is preferred.
• Minimum 5 years’ experience in inventory management, preferably in Agriculture, Power Equipment, or Construction heavy duty equipment industries.
• Experience with DRP/MRP systems
• Must have Lean skills and experience (TPS, Six Sigma).
• Advanced knowledge if use of Excel (formulas, pivot tables, power pivots, charts, etc.) Technical knowledge of IT systems and office programs