2 Inventory Planner Jobs in Osseo, MN
ILLUME® is Hiring an Inventory Planner Near Osseo, MN
The Inventory Planner will be responsible for developing feasible, long range master inventory plan schedules to ensure optimal inventory levels, meet customer demand, and minimize costs. This role requires a strategic thinker with strong analytical skills to balance supply and demand effectively, manage production schedules, and collaborate with various departments.
Key AccountabilitiesInventory Management
- Balance production and finished good inventory levels with demand to support customer service levels, inventory turn goals, and capacity utilization requirements.
- Monitor production and shipping performance and proactively initiate actions to ensure delivery commitments are fulfilled.
- Analyze inventory data and demand to propose inventory targets that balance customer service, cost, and working capital in an optimal way to achieve aspired business targets, monitor achievement of inventory targets and initiate actions as required.
- Collaborates cross-functionally to establish schedules and plans that allocate available resources to best serve customer needs.
- Participates in forecasting meetings with sales, marketing, and other related departments; leads additional planning meetings with production, shipping, purchasing, and account management.
- Develop an effective master production plan based on analysis of all key supply and demand factors including forecasted customer demand, plant capacity, manufacturing costs, inventory targets and business unit inputs.
- Ensure the master production plan and dates in the ERP system are updated, and provide summary with key data (forecast, planned production, projected inventory to all stakeholders.
- Ensure ABC classifications on Finished Goods are maintained and define run strategies for by ABC class.
- Work with ERP and other tools such as MS Excel to support creation and distribution of master scheduling and production to plan metrics.
- Analyze capacity constraints and develop solutions to optimize inventory flow.
- Partner with Production to manage monthly capacity/labor constraints for a rolling 12 months.
- Recommends and selects alternative schedules to correct short and medium range capacity constraints or material availability issues in a manner that minimizes disruptions, schedule changes, and maintains production up time.
- Work cross functionally to balance supply and demand requirements, resolve issues, and optimize product flow and inventory.
- Facilitate weekly meetings with Scheduler to oversee the weekly and daily production schedule to ensure qualified customer orders are completed and schedules are up-to-date, and any deviations are transparent
- Work with procurement, and suppliers to provide raw material requirements and forecasting information based on semi-finished goods and finished goods production needs.
- Manages and updates ERP relative to life cycle management of raw materials.
- Participates in inventory/production decisions for phase out items.
- Review and disposition obsolete and no-demand inventory.
- Perform inventory liability analysis for "end of program" and "end of life cycle" management.
- Communicate effectively with all stakeholders to ensure alignment and transparency.
- Bachelor's degree in supply chain management, Business Administration, Logistics or related field, or equivalent experience
- APICS CPIM or CSCP certification preferred.
- 3-5 years of experience in inventory planning, production scheduling or similar role.
- Experience in CPG manufacturing and distribution preferred.
- Strong Analytical and problem-solving skills.
- Proficiency in inventory management and ERP software. Advanced Excel skills.
- Excellent organizational and time management skills.
- Ability to work under pressure and handle multiple tasks simultaneously.
- Strong communication and interpersonal skills.
- Attention to detail and high level of accuracy.
- Knowledge of supply chain management principles and practices
- This role operates in a professional office environment where the noise level is moderate.
- The employee must be able to work in a highly fragranced environment.
ILLUME is an Equal Opportunity Employer.
- We are not accepting candidate profiles from agencies at this time and this role is not open for relocation assistance. Candidates must legally authorized to work for any employer in the U.S. without sponsorship.
- ILLUME participates in E-Verify. Through participation in the E-Verify program, ILLUME electronically verifies the employment eligibility and Social Security Number of all new hires.
Job Summary
Full Time
Wholesale
$71k-89k (estimate)
06/07/2024
07/01/2024
illumemarketresearch.com
Fisherville, KY
<25
Wholesale
Related Companies
The job skills required for Inventory Planner include Inventory Management, Analysis, Supply Chain, Planning, Customer Service, Purchasing, etc. Having related job skills and expertise will give you an advantage when applying to be an Inventory Planner. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Inventory Planner. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Inventory Planner positions, which can be used as a reference in future career path planning. As an Inventory Planner, it can be promoted into senior positions as a Forecast Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Inventory Planner. You can explore the career advancement for an Inventory Planner below and select your interested title to get hiring information.
If you are interested in becoming an Inventory Planner, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Inventory Planner for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Inventory Planner job description and responsibilities
Planners are analyzing sales data, trends, and customer demands to create inventory forecasts.
04/20/2022: Charlotte, NC
Reviewing orders and shipping schedules to ensure that they meet legal requirements regarding the safe transport of merchandise.
06/03/2022: Fayetteville, AR
Developing policies and procedures for inventory management procedures, including how to handle damaged goods or expired items.
04/29/2022: Altoona, PA
Monitoring inventory levels to ensure that they remain within set parameters at all times and coordinating with suppliers to ensure timely delivery of raw materials or components to meet production schedules.
03/29/2022: Danbury, CT
Creating purchase orders for raw materials or components, based on production schedules and inventory levels.
04/29/2022: Monroe, LA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Inventory Planner jobs
Successful planners have the ability to think globally and strategically, with a perspective of the business beyond the SKU level.
05/31/2022: Chillicothe, OH
Planners must have the discipline and the ability to focus on a range of various SKU level details.
05/31/2022: Springfield, MO
A planner should have a pragmatic approach to decision making, using system recommendations and qualitative analysis to evaluate risk/reward scenarios and make the appropriate decisions that are aligned with the strategic goals.
03/20/2022: Davenport, IA
To become an effective inventory planner, you’ll need to have a solid understanding of math and statistics, as well as business processes and procedures.
05/09/2022: Cedar Falls, IA
Aspiring applicants must be able to effectively manage all of these different types of inventory items.
04/25/2022: Baltimore, MD
Step 3: View the best colleges and universities for Inventory Planner.
Similar Jobs
Popular Articles
