Inventory Planner

Job Summary: We are seeking a skilled and experienced Inventory Planner to oversee the demand forecasting and stock management related to the footwear products. The ideal candidate will have a strong background in reporting and Cross-functional coordination. You will be responsible for managing the end-to-end Inventory management.

Key Responsibilities:

1. Demand Forecasting:

• Analyse the past sales data and the market trends and forecast the upcoming sales and buy the stocks accordingly.
• Size Optimization: Analyse and implement precise size-break calculations to ensure high-demand sizes don't sell out early while extreme sizes sit in inventory.
• Seasonal Demand Forecasting: Analyse pre-season and in-season sales forecasts based on seasonality and past sales trend

1. Stock Management:

• Make sure our top selling styles are always in stock and does not go out of stock.
• Monitor stock holding levels to reduce slow-moving, obsolete, or excess inventory.

1. Reporting:

• Prepare daily, weekly and monthly sales and inventory reports and analyse the supply risks, stock holding level as per the sales.
• Circulating the reports to the management and highlighting the category performance

1. Cross-Functional Coordination:

• Work closely with the production and supply team and ensure the purchase orders are created on time, and the production is happening on time.
• Ensure the stocks are getting delivered and in-warded at our warehouses on time.
• Coordinate with demand team and understand the requirement to meet the expected sale numbers

Qualifications:

• Bachelor's degree or above in any discipline
• 2 plus years experience in retail industry
• Proven ability to negotiate effectively with supply and demand teams.
• Excellent practical knowledge of MIS tools especially in Microsoft Excel. Power BI and SQL will be an added advantage
• Excellent communication, problem-solving, and analytical skills.
• Ability to work in a fast-paced environment and adapt to changing business needs.