Our Inventory Planner job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Inventory Planner role
The Inventory Planner is responsible for managing the inventory of a company or organization, tracking stock levels and ordering new products when needed. They analyze sales data and trends to determine inventory needs and develop strategies to optimize stock levels. They also troubleshoot any inventory issues that arise.
Role Purpose
The purpose of an Inventory Planner is to manage the inventory of goods and materials for an organization. This includes ensuring that there is sufficient stock to meet customer demand, minimizing storage costs, and monitoring inventory levels. An Inventory Planner will also be responsible for forecasting future inventory needs and developing strategies to manage inventory levels. They will also be responsible for tracking and analyzing inventory data, and implementing strategies to improve inventory management.
Inventory Planner Summary
The Inventory Planner is responsible for ensuring the timely procurement, availability, and accurate forecasting of inventory for assigned products and product lines. This position works with the sales team to ensure that customer orders are filled on time and that the inventory is managed and monitored to prevent stock-outs and overstocks. The Inventory Planner will also analyze inventory, sales, and customer demand data and develop strategies to optimize inventory levels and improve customer satisfaction. In addition, this position will track and review supplier performance, negotiate contracts, and manage purchasing to maximize value.
Inventory Planner Duties
- Develop and implement inventory strategies to maximize inventory efficiency and utilization
- Analyze inventory levels to ensure optimal stock levels and minimize excess inventory
- Monitor inventory levels and analyze trends to anticipate future inventory needs
- Maintain inventory records and generate reports to track inventory levels and other metrics
- Collaborate with other departments to ensure accurate inventory data
- Identify and resolve discrepancies in inventory records
Inventory Planner Skills
- Organizational Skills
- Problem Solving
- Analytical Thinking
Inventory Planner Requirements
- A Bachelor's degree in Supply Chain Management or related field
- Strong analytical and problem-solving skills
- Able to work independently and as part of a team
- Excellent written and verbal communication skills
- Proficiency in Microsoft Office (Excel, Access, Word) and inventory management software
Personal Traits
- Strong analytical skills
- High attention to detail
- Strong organizational skills
- Ability to multitask
- Excellent communication and interpersonal skills