Demand Planner Assistant at Food Concepts Plc

Job Purpose

• Assist in the demand planning duties including estimating future product demand, analyzing inventory flow and developing forecasts models.

Core Responsibilities and Key Result Areas

Demand Planning/Forecasting

• Assist in demand planning and management activities of a company’s products
• Develop demand forecast based on demand patterns and business trends
• Make forecast adjustments based on seasonal products, promotions and discounts.
• Determine demand forecasts to support in budgeting and inventory management.
• Provide guidance to demand planning team as needed.
• Assist in developing and executing demand plan to achieve company goals.
• Perform market analysis and determine customer demands.
• Follow company rules and regulations.
• Maintain demand planning systems to improve forecast accuracy.
• Perform root cause analysis of demand issues and provide permanent resolutions.
• Escalate complex demand issues to management for immediate resolutions.
• Determine customer response for new products and price revisions and communicate the same to management.
• Work with inventory team to monitor inventory levels and replenish appropriate products.
• Provide forecast updates to management, inventory and operations teams on regular basis
• Schedule monthly forecast meetings with all customers as required

Key Performance Indicators

• Forecasted vs Actual sales
• Monthly product category forecast error
• Weekly item location forecast error
• Forecasting accuracy
• Marketing intelligence of competitor activities

Knowledge Requirements

• Knowledge of statistical supply chain management, distribution practices, inventory management
• Knowledge of forecasting models and industry trends

Job Specifications

• A minimum of a Bachelor’s degree in Business Administration or related field is required.
• Possession of any relevant certification is essential
• Minimum of 1 year experience in similar role

Decision Expectations

• Analyse demand statistics for trends and anomalies that require understanding
• Develop demand forecast based on key patterns and business trends