Demand Planner - Mumbai, India - SenseHR

SenseHR

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

A demand planner plays a critical role in supply chain management and is responsible for forecasting and managing the demand for a company's products or services.

The primary goal of a demand planner is to ensure that a company has the right amount of inventory on hand to meet customer demand while minimizing excess or obsolete inventory.

Here are the key responsibilities and tasks typically associated with the role of a demand planner:

Demand Forecasting:

A demand planner uses historical sales data, market trends, and other relevant information to create accurate and reliable demand forecasts.

These forecasts are crucial for guiding the company's production, procurement, and inventory management activities.

Inventory Management:
Demand planners work closely with inventory managers to determine the optimal inventory levels for various products or SKUs.

They aim to strike a balance between having enough inventory to meet customer demand and avoiding overstocking, which can tie up capital and storage space.

Sales and Operations Planning (S&OP): Demand planners are often key contributors to the S&OP process, where they collaborate with other departments, such as sales, marketing, production, and finance, to align the company's demand forecasts with production and resource planning.

Data Analysis:
Demand planners analyze data to identify patterns and trends in demand. They may use statistical models, software, and historical data to refine their forecasts continually.

Collaborative Forecasting:

They work closely with sales and marketing teams to gather insights into market conditions, promotions, and other factors that can influence demand.

This collaborative approach helps to improve the accuracy of forecasts.

Demand Variability Management:

Demand planners need to account for factors that can lead to fluctuations in demand, such as seasonality, market dynamics, and external events (e.g., economic changes, natural disasters).

New Product Introductions and Discontinuations:

They coordinate demand planning activities for new product launches and the phasing out of products that are no longer in demand.

Performance Metrics:

Demand planners monitor key performance indicators (KPIs) related to forecast accuracy, inventory turnover, and service levels to evaluate and improve the effectiveness of demand planning processes.

Supply Chain Collaboration:

Effective demand planning involves close collaboration with various supply chain stakeholders, including suppliers, distributors, and logistics teams, to ensure a smooth flow of goods.

Continuous Improvement:

Demand planners regularly review and refine their forecasting methods and processes to adapt to changing market conditions and improve accuracy.

Scenario Planning:

In some cases, demand planners may engage in scenario planning to prepare for contingencies, such as unexpected demand spikes or supply chain disruptions.

Demand planners are essential for maintaining the balance between supply and demand, ensuring that a company can meet customer needs while optimizing inventory costs.

Their work is crucial for the overall efficiency and profitability of an organization, particularly in industries with complex and dynamic supply chains.

Salary:
₹1,500, ₹2,000,000.00 per year

Schedule: