Inventory Planning

'

: - ( - )

Experience: 3+ yrs

Location: India, Bengaluru, Karnataka, India

As a Inventory Planning, you will lead the strategic oversight of inventory levels to align supply with demand across the supply chain, ensuring optimal product availability while minimizing excess stock. You will collaborate with procurement, logistics, and sales teams to forecast demand, analyze inventory turnovers, and implement data-driven strategies that drive cost efficiencies. Your expertise will guide continuous improvement initiatives that refine replenishment cycles and product lifecycle management, directly impacting service levels and bottom line profitability. You will also monitor key performance indicators, generate insightful reports, and support decision-making with actionable insights that enhance overall inventory health.

Requirements

• Develop and maintain accurate demand forecasts using advanced analytics and market intelligence.
• Optimize inventory levels to balance service levels with carrying costs across multiple locations.
• Design and implement inventory replenishment strategies and reorder point calculations.
• Collaborate with procurement to coordinate purchase orders and vendor performance.
• Analyze inventory aging reports and initiate actions to reduce obsolete stock.
• Monitor and report on key performance indicators such as stock-on-hand, turnover, and fill rate.
• Identify and mitigate risks related to supply chain disruptions and demand volatility.
• Drive continuous improvement projects to streamline inventory processes and reduce waste.
• Ensure compliance with regulatory requirements and internal audit standards.
• Mentor and train junior staff on inventory best practices and analytics tools.
• Bachelor’s degree in Supply Chain, Logistics, or related field.
• 3+ years of experience in inventory planning and management roles.
• Proficiency in inventory management software (e.g., SAP, Oracle, or similar).
• Strong analytical skills with the ability to interpret complex data and trends.
• Excellent communication skills for cross-functional collaboration.
• Demonstrated ability to lead process improvement initiatives.
• Knowledge of demand forecasting techniques and statistical methods.
• Experience with supply chain analytics and KPI reporting.
• Ability to work effectively in a fast-paced, dynamic environment.