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Inventory Planning Analyst

Inventory Planning Analyst

TMRW House of BrandsIndia
8 days ago
Job description

Position Title : Associate – Demand Planning

Key Responsibilities :

Demand Planning

  • Develop rolling 6 months OTB (Sales) plan to balance demand, supply and profitability plans across multiple brands.
  • Work closely with individual brand planning teams and finalize target inventory.
  • Track weekly / monthly sales and change the forecast plans accordingly in discussion with sales teams / Planning Head.
  • Use the forecasting tool and refine it further for better forecast effectiveness.
  • Track, analyse and publish key supply chain metrics such as forecast accuracy, inwards performance, PO adherence, brokenness, DoH etc.
  • Support head of planning in design and implementation of new planning tools and dashboards to improve inventory visibility and decision-making.
  • Drive continuous improvement initiatives to streamline planning processes and improve material availability.
  • Coordinate with brands for key seasonal products planning (Winter Wear).

Inventory management

  • Track weekly / monthly inventory flows. Highlights and act to balance the plan vs actual.
  • Monitor the PO and ensure its alignment with OTB inventory plans
  • Work on current replenishment solution and refine it further for better output
  • Analyse / act on the financial impact of current / future inventory in coordination with planning head.
  • Work on slow / non moving inventory reduction across brands
  • Implement strategies to reduce the stock outs in coordination with head of planning
  • Establish and manage target stock levels to avoid overstocking or stockouts across retail channels.
  • Correct regional inventory distribution across warehouses in India Master data management
  • Periodic review of SKU master and correct the anomalies along with Tech Team. Key Skills
  • Exceptionally comfortable with numbers and large data sets. This profile is highly data driven.
  • Growth mindset – Willing to learn / adopt new processes and technology.
  • Analytical mindset and ability to translate data / numbers into the actionable insights
  • Excellent communication skills (verbal and written).
  • Good interpersonal skills. Ability to maintain good relationships with stakeholders.
  • Self driven and ability to work with minimal supervision for assigned tasks.
  • Highly Proficient in MS Excel.
  • Familiarity with any planning tool or ERP systems is plus Stakeholders
  • Internal : Head of Planning, Tech team, Growth Heads, MIS team, Supply Chain
  • External : Local brand planners Qualification & Experience
  • Minimum B.E. / B.Tech (Any stream). MBA in operations / Supply Chain is plus.
  • 3-5 years of experience in FMCG / Manufacturing / Retail planning domain
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    Planning Analyst • India