Job Description
Key Responsibilities:
- Demand Forecasting:Replenishment Planning:Inventory Management:Cross-functional Collaboration:
- Analyze historical sales data and market trends to forecast future demand.
- Collaborate with sales and purchasing teams to gather input for demand planning.
- Adjust forecasts based on market conditions and promotional activities.
- Determine optimal order quantities and reorder points.
- Coordinate with procurement to ensure timely delivery of products.
- Monitor supplier performance and address issues affecting inventory availability.
- Monitor inventory levels and perform regular stock analysis.
- Identify slow-moving, obsolete, and excess inventory and recommend actions.
- Analyze and report on inventory performance metrics such as turnover rates, fill rates, and stock accuracy.
- Identify and implement inventory optimization strategies to reduce costs and improve efficiency.
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