Inventory Planning Manager

3 weeks ago


Santa Monica, United States ForceBrands Full time

*** This is not a job at ForceBrands*** This role is hybrid (2 days in office) in Santa Monica or remote. ***This person must have 4+ years inventory/demand/production planning experience in the food/beverage or vitamins/supplements space.***


Perelel Health: Inventory Planning Manager


Job Description:


We are looking for a motivated, dedicated, and detail-oriented individual for the Inventory Planning Manager role at a leading CPG start-up brand in women’s nutritional health. This position reports to the SVP, Operations and will be responsible for managing inventory forecasts and production planning. Major responsibilities will be to improve forecast accuracy with data-backed insights and create, modify, and manage production schedules to ensure in-stock position.

Responsibilities:

  • Manage SKU, Product and Account level forecasts to achieve forecast accuracy objectives
  • Ensure forecasting objectives are achieved, review potential risks/opportunities between the demand plan and financial plan, and collaborate with cross-functional teams to mitigate and reduce inventory risk
  • Review sales forecasts and current orders to assess inventory status and upcoming production needs
  • Create / evaluate/modify purchase orders to support developed production schedules.
  • Verify resource availability (material, equipment) required for production to deliver excellent customer service at optimal inventory levels
  • Promptly addressing and resolving production issues to minimize delays in production
  • Recommending viable solutions to reduce product costs as well as improve production processes and product quality
  • Identify and resolve supply shortfalls to formulate actions plan to avert stock out or excess inventory
  • Develop and maintain Standard Operating Procedures for the forecasting and production planning processes
  • Create and implement effective monthly S&OP process to help cross-functional collaboration
  • Quantify new product launches utilizing historical data and analyze post-launch to determine risks and opportunities
  • Participate in the development and implementation of an improved Production Planning system.
  • Create, measure and report forecast accuracy and other KPIs relating to demand planning and supply chain for continuous improvement
  • Provide input to the development of inventory policies and parameters
  • Monitor SKU trends and make recommendations
  • Ad hoc analysis as required

Qualifications:

  • 4+ years of experience in demand planning and/or production planning
  • 4-year degree in business operations, finance, or related field
  • CPG experience is a plus
  • Excellent organizational skills
  • Advanced Excel usage
  • Strong written and verbal communication skill
  • Excellent interpersonal skills
  • Possess a challenger mindset and an ability to think objectively and interpret meaningful themes from quantitative and qualitative data
  • Detail oriented
  • Ability to work effectively in a high-pressure, fast-paced environment


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