Inventory Planner Job Description
Inventory planner
provides delivery information to both internal and external customers as required by electronic system and through individual inquiries.
Inventory Planner Duties & Responsibilities
To write an effective inventory planner job description, begin by listing detailed duties, responsibilities and expectations. We have included inventory planner job description templates that you can modify and use.
Sample responsibilities for this position include:
Create and maintain store volume clusters used to drive merchandise planning and allocation planning processes
Create and maintain seasonal profiles used to drive allocation processes
Manage merchandise inventory utilizing F*21 and departmental planning parameters to develop buy plans, place orders, and evaluate inventory position
Maintain PO and inventory information and reports in F*21 to ensure timely delivery of merchandise while meeting initial fill rate and turn goals
Meet all deadlines including those on the Catalogue Production Schedule
Maintain all reports, which manage inventory levels and maintenance of backorders, in conjunction with communication to management about actions being taken to resolve any issues
Review and keep abreast of Vendor and Product Compliance issues
Produce performance analysis at the item level and/or vendor level when appropriate, and projections to suppliers
Determine appropriate floorset levels for specified classification using the following parameters
Plan preseason sales volume by week by store by department, taking into account all variances to prior history, which may affect the business
Inventory Planner Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Inventory Planner
List any licenses or certifications required by the position: APICS, CPIM, NAPM, CSCMP, CSCP, CIRM, ISO, CPM, 9001, A.P.I.C.S
Education for Inventory Planner
Typically a job would require a certain level of education.
Employers hiring for the inventory planner job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Education, Finance, Management, Business/Administration, Supply Chain Management, Statistics, Marketing, Engineering, Merchandising
Skills for Inventory Planner
Desired skills for inventory planner include:
Both in-store and through our omni-channel operations
Processes
Customer needs/wants to make decisions regarding system settings
Procedures to maximize the experience of internal and external customers
Customer needs/wants to implement system settings
Procedures that maximize the experience of internal and external customers
Financial measures and how in-season strategies impact them
SAP
Inventory life-cycle
Excel
Desired experience for inventory planner includes:
Aggressive and persistent personality
Quick learner who can take initiative and assume accountability
Possess a clear understanding of financial measurements including
Create and maintain detailed weekly class dollar and unit sales at the store level
Proficient use of MS Office Products, MRP and ERP systems
Are a true business owner
Inventory Planner Examples
1
Inventory Planner Job Description
Job Description Example
Our innovative and growing company is hiring for an inventory planner. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for inventory planner
- Identify, define, drive and lead key actions to enhance the supply planning processes and ensure global consistency of planning data
- Support and initiate initiatives to continually improve processes, inventory levels, performance and to optimize operational costs through all stages of the supply chain process
- Proactively define sales and inventory management opportunities which help to deliver on revenue and inventory targets for the business
- Develop and maintain strong relationships with key stakeholders such as Finance, Commercial, Engineering and Customer Support Teams
- Approving Loan and Exchange in loan and exchange out
- Lead meetings with Buyers and Merchandise Planners on item flow
- Create ad-hoc analysis to react to current and future business trends and present findings to Buyers, Merchandise Planners, and senior management
- Train and mentor new hires into Assistant Inventory Planner roles
- Forecast appropriate inventory levels commensurate with sales forecasts
- Manage supplier delivery issues and provide continuous improvement initiatives
Qualifications for inventory planner
- Develop and build pre-season style plans and recommend investment quantities and accurate flow forecasts
- Demonstrates strong listening and communication skills
- Bachelor degree in Supply Chain or equivalent
- Knowledge of Supply Chain / Materials Management
- Wide knowledge of material management methods
- JDA Allocations and/or E3 experience a plus
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Inventory Planner Job Description
Job Description Example
Our innovative and growing company is hiring for an inventory planner. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for inventory planner
- Manage overseas and domestic suppliers’ production, ship and arrival schedules
- Monitor inventory levels, quality and age
- Minimize inventory carrying costs
- Reconcile and report on inventory levels
- Driving open-to-buy activities
- Forecasting in-season sales and inventory requirements
- Main contact and coordinator for all continuous optimisation activities with the company's
- Analyzes inventory requirements for the offsite Distribution Centers using the Auto Transfer Program
- Process Direct Import Orders thru preparation of shipping documents forsubmission to nominated forwarders
- Coordinates with Logistics and Warehouses with regards in transfer ticket tracking, full truck loading, truck availability and ship dates
Qualifications for inventory planner
- 3-5 years inventory control, forecasting and planning experience
- CIPM certification and experience with import traffic coordination a plus
- Bachelor degree in business administration, statistics, mathematics, engineering or related fields
- Extreme accuracy & precision
- Experience with size analysis
- Luxury fashion house experience preferred but not required
3
Inventory Planner Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of inventory planner. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for inventory planner
- Develop supplier relationships by successfully aligning with key suppliers to improve supplier capabilities of innovation, quality, reliability and costs/price reductions and agility to reduce risk factors
- Provides purchase forecasts as needed to ensure suppliers can meet requirements.Follow clear procedures when a supplier failure occurs
- Manage product fill rates to ensure highest levels of compliance and minimum backorders.Work closely with suppliers to obtain delivery dates
- Routinely monitor open backorder report and production schedules, adjusting orders as necessary to achieve high fill rates
- Maximize effectiveness of the automated material replenishment system (RAPS) through ongoing monitoring and adjustment of controllable parameters
- Maintain data accuracy in REX for all areas of responsibility including but not limited to
- Scheduling production time for all metal processing at region CTL processing centers interacting directly with sales team members for best utilization of materials and work centers
- Manage capacity in system to reflect consistent and competitive lead time for sales while ensuring effective use of feedstock materials to maximize output
- Timely execution of MRP for internally sourced items, outside processed stock items and some external buys as necessary
- MRP element review and adjustment to meet changing demand, processing and business needs
Qualifications for inventory planner
- Work independently to construct highly complex statistical and financial models to forecast business performance
- Ability to translate analysis results to clear conclusions and decision choice-points for any level of audience
- Oral and written communication skills in multiple media (face-to-face, conference calls, e-mails)
- Minimum of 1 year experience in Inventory Management
- Has a working knowledge on Supply Chain/Planning or Manufacturing
- Mitigate capacity risks by managing dependencies across multiple operating units and sites
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Inventory Planner Job Description
Job Description Example
Our company is growing rapidly and is hiring for an inventory planner. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for inventory planner
- Replenishment order maintenance, stock service level review including expediting as necessary
- Manage inventory for responsible items, re-deploy slow moving items
- Review regular instock reporting for key and advertised items
- You are accountable for establishing and controlling optimum product inventory levels and stock health based on set inventory plans, demand plan, agreed service levels and the supply strategy for multiple sites included in a worldwide supply chain network
- Manage tolling and purchasing activities being in permanent contact with the external suppliers and internally with the Purchasing and Manufacturing departments
- Participate actively on the implementation of new projects and give appropriate feedback about projects status versus plan in terms of qualitative and timely execution
- Provide any requested documentation to other Departments as needed, such as anticipated shortages to order demand, production issues that will result in service losses, factory related reasons for shortages to orders
- Developing inventory control and purchasing strategies based on value, history, forecasting, and special demands, while maintaining strategic balance between customer service and inventory turn goals
- Establishing and maintaining inventory information systems on purchased and manufactured parts, and finished goods, to ensure availability of accurate and current data on inventory levels, quantity, excessive inventory, shortages
- Administering programs through proactive interface with customers, program management, sales, customer service, quality, engineering, suppliers, accounting, and others as necessary to ensure the Plant order fulfillment requirements are met
Qualifications for inventory planner
- Coordinate with Operations, Global Outsourcing and Finance teams to analyze historical data and forecast demand
- Understand ECN and able to take quick action
- Able to write and read English
- Knowledge of molds
- Familiar with supplier capacity and LT, delivery situation
- Able to handle simple quality issue
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Inventory Planner Job Description
Job Description Example
Our innovative and growing company is looking for an inventory planner. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for inventory planner
- Controlling and maintaining parts master lists, bill of materials, planning, and purchasing information
- Ensuring pricing and costs are accurate
- Initiating and expediting vendor purchase orders and interplant releases to ensure timely product availability and provide feedback to the customer, sales personnel, and customer service
- Responding to customer demand in a timely and accurate manner, ensuring on-time delivery and shipment of required quantities of defect-free product
- Maintaining working relationships with the manufacturing facilities and suppliers to reduce lead times, improve inventory control, and ensure on-time delivery
- Bachelor of Science degree in business or a related field required
- APICS or NAPM certification is preferred
- Develop and implement inventory and demand exception tools, key supplier and end customer fill-rate metrics and exception reports
- Develop statistical forecast models
- Gather, analyze and validate all data that will be used in preparing statistical forecast
Qualifications for inventory planner
- Knowledge/Use of forecast resp
- Maintain product part numbers for individual parts and BOM
- Achieve department performance goals (ie
- Three to five years of experience in management of materials
- Working knowledge and understanding of ERP/MRP systems
- Duties require a Bachelor’s Degree and 2-5 years of experience in Inventory Control, Planning & Allocation, Financial Analysis or the equivalent combination of education and experience