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Planning and forecasting product demand is the core of this role, ensuring that sales, marketing, and supply chain teams are aligned on operational demand plans. The Demand Planner will analyze historical data and market trends to develop accurate forecasts, optimize inventory, and manage the lifecycle of new and end-of-life products.
Analyze historical sales data, market trends, seasonality, and promotional activities to develop accurate rolling 12
24 month baseline demand forecasts
Maintain and continuously improve statistical forecasting models
Identify demand patterns, trends, and potential risks that may impact forecast accuracy
Lead monthly S&OP consensus meetings with Sales, Marketing, and Supply Chain teams
Facilitate discussions to align stakeholders on demand assumptions, business changes, and risks
Develop and maintain a single, agreed-upon operational demand plan
Partner with Supply Planners to maintain appropriate target inventory and safety stock levels
Identify opportunities to reduce excess, aging, and obsolete inventory
Balance inventory availability with working capital and service-level objectives
Monitor key forecast accuracy metrics, including MAPE and Forecast Bias
Analyze forecast variances and identify root causes of significant deviations
Recommend and implement improvements to forecasting methodologies and processes to minimize future errors
Develop demand estimates and forecasts for New Product Introductions (NPI) using available market, sales, and business assumptions
Collaborate with relevant stakeholders to establish demand plans for new products
Develop phase-out and demand transition plans for end-of-life (EOL) products to minimize excess and obsolete inventory