Inventory Planner
The Inventory Planner plays an essential role in the seamless operation of supply chain activities, ensuring that inventory levels are maintained in a manner that aligns with demand forecasts and business objectives. This position involves a careful balance of analyzing sales trends, monitoring stock levels, and coordinating with procurement and warehouse teams to optimize inventory turnover and minimize overstock situations. By effectively managing these responsibilities, the Inventory Planner supports the organization’s efforts to meet customer demands promptly while maintaining operational efficiency and cost-effectiveness. Their strategic approach to inventory management not only aids in achieving financial targets but also contributes to overall customer satisfaction by ensuring product availability.
Inventory Planner Job Duties
Develop and implement inventory control procedures and best practices to maintain accurate stock levels and minimize overstock situations.
Analyze sales patterns, customer demand, and seasonal fluctuations to forecast inventory needs and ensure optimal stock levels across all product lines.
Coordinate with purchasing and supply chain teams to order products and materials, ensuring timely deliveries to meet inventory requirements.
Collaborate with sales and marketing teams to understand promotional activities and product launches, adjusting inventory plans accordingly.
Perform regular inventory audits and reconciliations to identify discrepancies and take corrective actions to resolve issues and improve accuracy.
Utilize inventory management software and tools to track stock movements, generate reports, and provide insights for decision-making.
Manage relationships with suppliers and negotiate terms to achieve favorable conditions, including pricing, delivery schedules, and minimum order quantities.
Oversee the disposal of obsolete or excess inventory through sales, donations, or recycling channels, ensuring compliance with environmental regulations and company policies.
Glossop is a market town in the High Peak, Derbyshire, England, 12 miles (19 km) east of Manchester, 24 miles (39 km) northwest of Sheffield and 32 miles (51 km) north of the county town, Matlock, near Derbyshire's borders with Cheshire, Greater Manchester, South Yorkshire and West Yorkshire. It is between 150 and 300 metres (492 and 984 ft) above mean sea level, and lies just outside the Peak District National Park.
Historically, the name Glossop refers to the small hamlet that gave its name to an ancient parish recorded in the Domesday Book of 1086, and then the manor given by William I of England to William Peverel. A municipal borough was created in 1866, and the unparished urban area within two local government wards.[1] The area now known as Glossop approximates to the villages that used to be called Glossopdale, on the lands of the Duke of Norfolk. Originally a centre of wool processing, Glossop rapidly expanded in the late 18th century when it specialised in the production and printing of calico, a coarse cotton, and became a mill town with many chapels and churches, its fortunes tied to the cotton industry.
Architecturally, the area is dominated by buildings constructed of the local sandstone. There remain two significant former cotton mills and the Dinting railway viaduct. Glossop has transport links to Manchester, making the area popular for commuters.