Description:

The Inventory Planner is the individual responsible for creating and maintaining plans for the inventory of a business or organization by developing strategies for purchasing new inventory items or managing existing ones, negotiating prices with vendors, evaluating suppliers, and determining which items should be purchased in bulk.

The Inventory Planner will:

• Analyze sales data, trends, and customer demands to create inventory forecasts

• Create purchase orders for raw materials or components, based on production schedules and inventory levels

• Monitor inventory levels

• Coordinate timely delivery of raw materials or components to meet production schedules

• Develop plans for maintaining inventory levels, including determining how much inventory should be kept on hand and anticipating potential shortages

• Review orders and shipping schedules to ensure that they meet legal requirements regarding the safe transport of merchandise

• Develop policies and procedures for inventory management including, how to handle damaged goods or expired items

• Communicate with suppliers about pricing changes or order status updates

• Recommend improvements to inventory management systems based on past results

• Collaborate with vendors and sales team to analyze current trends and production needs

• Manage excess inventory and determine ways to prevent overproduction

QUALIFICATIONS:

• Data-driven decision making

• Strong analytical skills

• Ability to interpret and understand large amounts of information

• Ability to predict what products will be in high demand

REQUIREMENTS:

• Bachelor's degree in logistics or a relevant field

• 3 years of experience in purchasing and material planning

• Certification in Production and Inventory Management (CPIM) (preferred)

• Proficiency in Microsoft Word and Excel

• Excellent communication and organizational skills

• Attention to detail