Job Summary:
The Demand planning and inventory control Senior Officer will be responsible for goods' forecasting & demand planning, preparations for ordering, and inventory control.
Job Duties & Responsibilities:
- Prepares reports in order to do proper forecasting through :
1. Checking the purchase sales inventory report verses historical data.
2. Checking the stock in transit through the Performa invoice and order.
- Gathers data from sales department & marketing department in order to proceed with the final order.
- Tracks on weekly basis the requested order in case of any change with the quantity.
- Tracks local WH orders only & notify for any needed additional quantity/buffer stock from Ex warehouse stock on hand.
- Checks the Performa invoices verses orders.
- Weekly splits the stock for traditional and non-traditional channels.
· Rotate the stock between the cash vans, warehouse and sub warehouses according to the sales trend in the area/region in order to be used more efficiently.
- Manages & tracks the stock aging for all channels along with the showrooms.
- Forecast and plan distribution level.
- Approves internal AR”s that come from CTI – Dubai to Iraq , additionally forecasted values, confirmed shipments/PI”s values should be shared with finance & commercial director in advance.
- Manage the frequency of supply for the main ware house and the sub ware houses based on demand planning.
- Responsible for developing and executing Demand Plan and inventory plans.
- Manage the inventory control of the showrooms.
- Review historical sales trends, research demand, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
- Designing and generating weekly and monthly statistical forecast reports
- Continuously improving forecasting techniques, method, and approach
- Relating and measuring the impact of forecast accuracy
- Evolving and maintaining documentation and standard operating procedures for demand planning processes and systems.
- Conduct current and future forecasting analysis, insuring forecasting processes and methods are followed.
- Assemble and analyze all data pertinent to creating the sales forecast (historical sales, market trends, seasonality, promotions, and inventory levels).
- Make recommended adjustments to forecast and inventory level based on changes in demand and market trends.
- Lead forecast and inventory planning meetings with Marketing Managers, reviewing recommended sales forecasts and inventory goals (emphasis on brand transitions, new product introduction, and promotions).
- Manage inventory targets (including safety stock levels) that are approved by management.
- Prepare, report, and communicate forecast and inventory measurements to management (forecast accuracy, inventory plan vs. targets).
- Performs other duties as and when requested by the direct supervisor.
Job Specifications:
- Bachelor’s degree or associate’s degree in business administration or equivalent field.
- proficient in relevant computer applications
- 3 years' experience in related field.
Key Competencies (Skills, Abilities & Knowledge)
- Forecasting and demand panning.
- Distribution/ transportation operations.
- Inventory management.
- Logistic, shipping and clearance.
- Reliability and maintainability.
- Risk management.
- Strategic sourcing.
- Supply chain integration.