Demand Planner

Company Overview:

Majesty Brands is a global leader in the socks, sleepwear, and intimate’s categories. With distribution in over 70 countries and a dynamic seasoned staff, Majesty is a “go to” resource for retailers and brands alike. Majesty has dedicated teams strategically placed to maintain business in each area of retail. Our approach is simple. We want to service each customer’s needs. Sometimes it’s about value and sometimes it’s about fashion, in all cases, we’re here to ensure the end user is completely satisfied with their purchase.

Overview:

As a Demand Planner, you will play a pivotal role in ensuring that our products are available to meet customer demand while minimizing excess inventory. This role requires a data-driven mindset, strong analytical skills, and an understanding of fashion trends and seasonality. You will work closely with cross-functional teams, including sales, marketing, and operations, to forecast demand, optimize inventory levels, and support the growth of the business.

Key Responsibilities:

Demand Forecasting:

• Develop accurate and timely demand forecasts for all product categories, considering historical data, sales trends, promotional activities, and market conditions.
• Use advanced forecasting tools and methodologies to predict future sales volumes and help identify potential gaps or opportunities in demand.
• Regularly update and adjust forecasts based on actual sales, new product launches, and changing market dynamics.

Inventory Management:

• Collaborate with the supply chain team to ensure appropriate inventory levels, balancing the risk of stockouts with the need to avoid overstocking.
• Monitor inventory performance and sales patterns to proactively adjust inventory allocations across various channels (e.g., wholesale, retail, online).
• Review and analyze stock levels, slow-moving inventory, and demand shifts to optimize stock levels and reduce excess inventory.

Collaboration with Cross-Functional Teams:

• Work closely with the sales and marketing teams to understand upcoming product launches, promotional plans, and market conditions that may impact demand.
• Partner with production, sourcing, and logistics teams to ensure the timely delivery of products in line with forecasted demand.
• Communicate with the product design and merchandising teams to adjust forecasts based on upcoming trends and new collections.

Data Analysis & Reporting:

• Analyze sales data, customer behavior, and market trends to continually improve demand planning accuracy.
• Provide regular reports on forecast accuracy, inventory performance, and sales trends to senior management.
• Generate and present key performance indicators (KPIs) to monitor the effectiveness of the demand planning process.

Seasonal and Trend Analysis:

• Account for seasonality and fashion trends when forecasting demand, adjusting plans based on changing consumer preferences and fashion cycles.
• Stay updated on industry trends, competitor activities, and market conditions that may influence demand.

Continuous Improvement:

• Continuously assess and improve demand planning processes, systems, and tools to increase forecasting accuracy and inventory management efficiency.
• Recommend best practices and new technologies to enhance the demand planning function.

Key Qualifications:

• Education: Bachelor’s degree in Supply Chain Management, Business, Fashion Merchandising, or a related field.

Experience:

• Minimum of 3-5 years of experience in demand planning or a related role within the fashion or retail industry.
• Proven experience with demand forecasting tools and inventory management systems.
• Familiarity with fashion industry trends, seasonality, and product life cycles.

Skills:

• Strong analytical skills with a focus on data interpretation and forecasting.
• Proficient in Excel and experience with demand planning software (e.g., SAP, Oracle, or similar ERP systems).
• Excellent communication and collaboration skills.
• Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

Preferred Skills:

• Experience with fashion-specific forecasting and planning systems.
• Familiarity with key performance indicators (KPIs) relevant to demand planning in fashion.
• Strong understanding of retail, wholesale, and e-commerce sales channels.
• Knowledge of inventory optimization techniques and methods for minimizing stockouts and overstocks.

Salary Disclosure:

Majesty Brands is committed to offering a compensation package that reflects the qualifications and experience of the individual. The salary for this position is competitive and commensurate with experience. While the posted salary range is $80,000-$115,000, we recognize the value of exceptional talent and are open to negotiation for the right candidate.