Demand Planner
1 day ago
JOB RESPONSIBILITIES:
Pricing Strategy:
Analyze market trends, competitors, and customer behavior to set competitive and profitable prices.
- Regularly review and adjust pricing align with market conditions, cost changes, and company goals.
Collaborate with Sales teams to ensure pricing supports business objectives and customer needs.
Demand Forecasting:
Develop and maintain accurate demand forecasts based on historical data, market trends, and seasonal variations.
- Coordinate with the supply chain team to ensure product availability matches forecasted demand.
- Adjust forecasts based on demand fluctuations to avoid stockouts or excess inventory.
Optimize product assortment to ensure high-demand items are prioritized and low-performing products are minimized.
Data Analysis & Reporting:
Track sales performance, pricing effectiveness, and inventory levels.
- Prepare and present regular reports on pricing, demand, inventory, and product performance to management.
Identify opportunities for improvements in pricing, and demand planning strategies.
Collaboration:
Work with cross-functional teams (Sales, Operation and Supply Chain) to implement pricing strategies and manage demand forecasting.
- Support the Sales team with pricing-related inquiries and assist in pricing negotiations.
Collaborate with Sales teams to ensure product assortment aligns with customer demand and promotional strategies.
Inventory Management:
Monitor and manage inventory levels to ensure they align with forecasted demand.
- Help improve inventory turnover rates and reduce stockouts, ensuring that high-demand products are always available.
- Work with the team to minimize slow-moving inventory and optimize product assortment based on sales trends.
JOB QUALIFICATIONS:
- Bachelors Degree in Industrial Engineering, Business, Economics, or a related field.
- With at least 2 years working experience in pricing, demand planning or a related field.
- Strong analytical and problem-solving skills.
- Proficiency in Excel and experience with data analysis tools.
- Knowledge of pricing strategies, and demand planning processes.
- Excellent communication, collaboration, and project management skills.
- Experience in retail, merchandising, sales, or supply chain management is a plus.
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