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.
Hereford (/ˈhɛrɪfərd/ ⓘ HERR-if-ərd) is a cathedral city and the county town of Herefordshire, England. It lies on the River Wye, approximately 16 miles (26 km) east of the border with Wales, 23 miles (37 km) north-west of Gloucester and 24 miles (39 km) south-west of Worcester. With a population of 53,112 in 2021, it is the largest settlement in Herefordshire.
An early town charter from 1189, granted by Richard I of England, describes it as "Hereford in Wales".[2] Hereford has been recognised as a city since time immemorial, with the status being reconfirmed as recently as October 2000.[3][4] Hereford has been a civil parish since 2000.[5]
It is now known chiefly as a trading centre for a wider agricultural and rural area. Products from Hereford include cider, beer, leather goods, nickel alloys, poultry, chemicals and sausage rolls, as well as the famous Hereford breed of cattle.