A Demand Planning Coordinator plays a crucial role in optimizing the supply chain by ensuring precise demand forecasting and inventory management. This role involves analyzing market trends, historical sales data, and collaboration with various departments to align supply with customer demand. The coordinator works closely with production, logistics, and sales teams to develop and adjust plans that meet business objectives while minimizing excess inventory and stockouts. By leveraging data-driven insights and effective communication, the Demand Planning Coordinator helps to streamline operations and enhance overall efficiency, contributing to the company's success and customer satisfaction.
As a Demand Planning Coordinator, you will be responsible for accurately forecasting customer demand by analyzing various data sources such as market trends, sales history, and inventory levels. This involves close collaboration with sales, marketing, and finance departments to gather relevant data and ensure that demand forecasts are aligned with business goals. You will also be tasked with creating and maintaining demand planning reports and tools that provide visibility into demand trends, helping stakeholders make informed decisions. Your role includes continuously monitoring forecast accuracy and adjusting plans as needed to adapt to changing market conditions and customer requirements.
In addition to forecasting demand, you will work closely with supply chain and production teams to develop inventory strategies that balance supply with anticipated demand. This encompasses coordinating production schedules, managing stock levels, and ensuring that the right products are available at the right time to meet customer needs without incurring excess inventory costs. You will also need to identify potential supply chain disruptions and work proactively to mitigate risks. Effectively communicating demand plans and inventory strategies across various departments, you will play a key role in streamlining operations, improving efficiency, and enhancing overall customer satisfaction within the organization.
Preferred qualifications for a Demand Planning Coordinator include a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, along with certifications such as Certified Supply Chain Professional (CSCP) or Certified in Planning and Inventory Management (CPIM) from APICS. Additionally, coursework in statistics, data analysis, and operations management can prove beneficial. Proficiency in demand forecasting software and advanced skills in Microsoft Excel, including pivot tables and data visualization tools, are often required. Experience with ERP systems like SAP or Oracle is also advantageous, as it facilitates more effective data management and planning.
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