Demand Planner

4 weeks ago

Bellevue WA, United States HydroPeptide Full time

Job Type: Full-time

Description:

As the Demand Planner at HydroPeptide, you will be responsible for developing and maintaining an annual buy plan that supports the company's sales strategies. Collaborating with the Product, Marketing, and Sales teams, you will forecast sales and ensure that inventory levels align with monthly sales goals and trends.

You will analyze item performance, stock levels, and sales data on a weekly basis, presenting your findings to the Director of Product. Additionally, you will work closely with our warehouses and accounting team to schedule future purchase orders, ensuring inventory aligns with warehouse capacity, maintainable months of supply, and company growth.

You will also negotiate costs and minimum order quantities with suppliers and manufacturers to secure the best rates. Some travel will be required to maintain strong supplier relationships.

The ideal candidate has experience in purchasing, is highly analytical and communicative, and can lead a team to align inventory with sales goals. A creative eye and entrepreneurial spirit are essential.

The details:

  • Location: Hybrid - this role will work from our Bellevue office 3 days/week and from home the remainder. However, additional on-site presence may be required to support team collaboration, meetings, and other business needs.
  • Hours/Contract: Full Time; working typical PST business hours will require some flexibility including evenings & weekends on occasion
  • Physical requirements: Ability to handle long periods of both sitting and screen time
  • Travel requirements: 0-10%
  • Compensation: $90,000 with annual bonus potential

Responsibilities:

Inventory Management

  • Accurately forecast future sales and inventory based on actual sales, trends, new item launches, and marketing initiatives.
  • Work cross-departmentally with Finance, Sales, and Marketing to ensure inventory levels support all business needs.
  • Manage inventory flow by assessing months of supply, lead times, and sales goals, proactively adjusting purchase orders to meet business needs.
  • Ensure sufficient stock levels to meet customer demand without overstocking.
  • Communicate with Marketing and Sales teams to understand future initiatives and planned growth.
  • Use strong computer and Excel skills to enter, monitor, and adjust inventory levels for products moving between numerous warehouses.
  • Deliver a monthly purchase order report to the management team, indicating open purchase orders and expected arrival dates.
  • Provide detailed reporting and analysis on inventory status, sales performance, and the accuracy of previous forecasts.
  • Deliver a monthly sales update to management based on trends, new item launches, and inventory on-hand.
  • Proactively identify potential business risks, such as stockouts, and create/suggest mitigation plans to address them.

Assortment Strategy

  • Execute an assortment strategy based on customer needs, product performance, industry trends, and business analytics.
  • Support Lifecycle Planning Activities Via SKU Rationalization Recommendations & Item Status Maintenance
  • Develop Standard Operating Procedures to establish consistency and guide the buying team to success.
  • Analyze various suppliers to ensure the company is receiving cost-effective deals on existing components.
  • Assist in component sourcing and collaborate with the Product Development team on mood board creation to visualize and plan new product launches.
  • Conduct competitive research by reviewing competitors' websites and assembling and analyzing information to understand how competition impacts the business.
  • Mentor and manage associate-level planners to support their career development, providing clear pathways for success and contributing to the success of the buying and planning team.

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