Operations

Inventory Planner

Looking to hire your next Inventory Planner? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a specialized staffing agency that believes diversity is the catalyst for innovation. We connect US-based SMBs, startups, and firms with exceptional talent from Latin America, fostering a rich tapestry of cultural perspectives within American businesses. Our unique position allows us to handpick professionals who not only possess the required skills but also bring fresh ideas and global insights to the table. Vintti's services go beyond filling positions; we enrich company cultures and expand business horizons on an international scale.

Description

An Inventory Planner is a key player in the supply chain management team, responsible for forecasting demand, ordering inventory, and maintaining optimal stock levels. This role involves analyzing sales trends, monitoring inventory performance, and ensuring a balanced supply of products to meet customer demand while minimizing excess stock. By collaborating with purchasing, sales, and logistics teams, the Inventory Planner ensures effective inventory turnover, cost efficiency, and profitability. Their analytical skills and strategic planning help the organization achieve smooth operations and customer satisfaction.

Requirements

- Bachelor’s degree in supply chain management, business administration, or related field.
- Minimum of 3-5 years of experience in inventory planning or supply chain management.
- Strong analytical skills and proficiency in data analysis.
- Experience with inventory management software (e.g., SAP, Oracle, NetSuite).
- Proficiency in Microsoft Excel and other data analysis tools.
- Excellent organizational and multitasking abilities.
- Strong attention to detail and accuracy.
- Exceptional communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Knowledge of inventory control procedures and best practices.
- Problem-solving skills and ability to work under pressure.
- Familiarity with procurement and supply chain principles.
- Experience in conducting inventory audits.
- Ability to develop and implement inventory management strategies.
- Knowledge of market trends and ability to adjust inventory strategies.
- Strong time management skills and ability to meet deadlines.
- Capability to develop contingency plans for risk mitigation.
- Certification in supply chain or inventory management (e.g., APICS, CPIM) is a plus.

Responsabilities

- Forecast inventory demand and establish stock levels.
- Monitor and analyze inventory levels and sales data.
- Develop and manage inventory management strategies.
- Collaborate with procurement to place and monitor purchase orders.
- Coordinate with suppliers to confirm deliveries and resolve issues.
- Conduct inventory audits to ensure accuracy.
- Maintain inventory records using inventory management software.
- Generate and interpret inventory reports for management.
- Manage slow-moving and obsolete inventory.
- Ensure adherence to inventory control procedures and policies.
- Support production planning with timely availability of materials.
- Assist in warehouse space planning and layout optimization.
- Communicate with sales and customer service on inventory matters.
- Adjust inventory strategies based on market trends.
- Participate in planning meetings and provide inventory updates.
- Develop contingency plans for inventory risks.

Ideal Candidate

The ideal candidate for the Inventory Planner role will possess a Bachelor's degree in supply chain management, business administration, or a related field, complemented by a robust experience of 3-5 years in inventory planning or supply chain management. This individual will be an analytical thinker with exceptional data analysis skills, proficient in using inventory management software such as SAP, Oracle, or NetSuite, along with advanced competency in Microsoft Excel and other data analysis tools. Detail-oriented and meticulous, the perfect candidate will demonstrate a high level of organizational skills and the ability to multitask effectively, ensuring accuracy and efficiency in maintaining inventory records and conducting audits. Their strong problem-solving abilities and resilience under pressure will enable them to develop and implement strategic inventory management solutions with foresight and adaptability to market trends. Excellent communication and interpersonal skills will be key, as they will collaborate effectively with procurement teams, suppliers, sales, and customer service departments. This candidate will possess a proactive, self-motivated attitude, with a customer service-oriented mindset and a high level of integrity and accountability. Additionally, possessing a certification in supply chain or inventory management, such as APICS or CPIM, will be a notable advantage, reflecting their commitment to best practices and continuous professional development.

On a typical day, you will...

- Analyze inventory levels and sales data to forecast demand and supply needs.
- Monitor inventory levels to ensure optimal stock availability, minimizing excess and shortages.
- Develop and implement inventory management strategies to optimize stock turnover rates.
- Collaborate with procurement teams to place and track purchase orders.
- Coordinate with suppliers to confirm delivery schedules and resolve any supply chain issues.
- Conduct regular inventory audits to verify physical stock against system records.
- Utilize inventory management software to update and maintain accurate inventory records.
- Generate and analyze inventory reports, providing insights and recommendations to management.
- Identify slow-moving and obsolete inventory and develop plans for liquidation or reallocation.
- Ensure compliance with inventory control procedures and company policies.
- Support production planning activities by ensuring timely availability of raw materials and components.
- Assist with warehouse space planning and layout optimization to facilitate efficient inventory storage and retrieval.
- Communicate with sales and customer service teams to address inventory-related inquiries and ensure order fulfillment.
- Monitor market trends and adjust inventory strategies accordingly to meet changing customer demands.
- Participate in planning meetings and provide updates on inventory status and actions taken.
- Develop contingency plans for mitigating inventory risks, such as unexpected demand spikes or supply disruptions.

What we are looking for

- Detail-oriented and meticulous
- Strong analytical thinker
- Excellent problem-solving abilities
- Proactive and self-motivated
- Ability to work collaboratively in a team
- Strong communication skills
- Adaptability to changing market conditions
- High level of integrity and accountability
- Strong organizational skills
- Ability to multitask effectively
- Resilience under pressure
- Capacity for strategic planning and foresight
- Customer service-oriented mindset
- Innovative approach to inventory solutions
- Reliability and consistency in performance

What you can expect (benefits)

- Competitive salary range ($60,000 - $80,000 based on experience)
- Comprehensive health insurance (medical, dental, vision)
- Retirement savings plan (e.g., 401(k) with company match)
- Paid time off (vacation, sick leave, personal days)
- Flexible work hours and remote work options
- Professional development and training opportunities
- Tuition reimbursement program
- Performance-based bonuses and incentives
- Employee wellness programs
- Gym membership or fitness reimbursement
- Employee assistance program (EAP)
- Career advancement opportunities
- Company-sponsored events and team-building activities
- Childcare support or assistance
- Commuter benefits / transportation reimbursement
- Employee discounts on company products or services

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