Inventory Planning Specialist

1 month ago


Bolingbrook, Illinois, United States Magna-Tiles Full time
About the Role

MAGNA-TILES is seeking a detail-oriented and proactive Inventory Planner to join our team. As an Inventory Planner, you will be responsible for ensuring optimal inventory levels across our supply chain network. You will work closely with procurement, production, and distribution functions to ensure product availability.

Key Responsibilities
  • Develop and maintain inventory plans that align with business goals and customer demand.
  • Monitor inventory levels to prevent stockouts and overstock situations.
  • Perform regular inventory analysis to identify trends, issues, and opportunities for optimization.
  • Utilize historical sales data, market trends, and other relevant information to create accurate demand forecasts.
  • Adjust forecasts based on real-time Point of Sale data, changing market conditions, and promotional opportunities.
  • Work closely with our procurement team in Hong Kong to ensure timely ordering and replenishment of inventory.
  • Coordinate with the logistics team to ensure efficient product flow and timely delivery.
  • Analyze inventory reports and key performance indicators (KPIs) to track performance and identify areas for improvement.
  • Establish forecasting tools and software to support inventory planning decisions.
  • Identify and implement process improvements to enhance inventory management efficiency and effectiveness.
  • Develop and maintain standard operating procedures (SOPs) for inventory planning and management.
  • Prepare and present regular reports on inventory status, forecasts, and other relevant metrics to management and other internal functions.
Requirements
  • Bachelor's degree in Business, Supply Chain Management, Finance, or a related field.
  • Proven experience (3+ years) as an Inventory Planner or similar role, preferably in the Consumer Packaged Goods industry.
  • Strong analytical skills with the ability to interpret complex data and make data-driven decisions.
  • Proficiency in ERP systems and Microsoft Excel.
  • Excellent communication and interpersonal skills, with the ability to work effectively across teams.
  • Strong organizational skills and attention to detail.
  • Ability to thrive in a fast-paced environment and manage multiple priorities.
  • Collaborative and adaptable with a positive can-do attitude.
About MAGNA-TILES

MAGNA-TILES is a pioneering brand of magnetic construction, designed to provide hands-on learning, promote interest in STEAM concepts, and provide countless hours of screen-free fun. Introduced in 1997, MAGNA-TILES is the best-known brand of magnetic tiles today and can be found in classrooms and playrooms across the world.



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