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.
Plymouth (/ˈplɪməθ/ ⓘ PLI-məth) is a port city and unitary authority in Devon, South West England. It is located on Devon's south coast between the rivers Plym and Tamar, about 36 miles (58 km) southwest of Exeter and 193 miles (311 km) southwest of London. It is the most populous city south of London.
Plymouth's history extends back to the Bronze Age, evolving from a trading post at Mount Batten into the thriving market town of Sutton, which was formally re-named as Plymouth in 1439 when it was made a borough. The settlement has played a significant role in English history, notably in 1588 when an English fleet based here defeated the Spanish Armada, and in 1620 as the departure point for the Pilgrim Fathers to the New World. During the English Civil War, the town was held by the Parliamentarians and was besieged between 1642 and 1646. In 1690 a dockyard was established on the River Tamar for the Royal Navy and Plymouth grew as a commercial shipping port throughout the Industrial Revolution.
After absorbing nearby settlements in 1914, the borough was awarded city status in 1928. During World War II, Plymouth suffered extensive damage in the Plymouth Blitz, leading to post-war rebuilding that significantly shaped its modern appearance. A further expansion of its boundaries in 1967 contributed to its current status as the 30th-most populous built-up area in the UK and the second-largest city in the South West after Bristol, with a population in 2021 of 264,727.
Plymouth's economy, historically rooted in shipbuilding and seafaring, has transitioned towards a service-based economy since the 1990s. It maintains strong maritime connections, hosting HMNB Devonport, the largest operational naval base in Western Europe, and offering ferry links to Brittany and Spain. The city is also home to the University of Plymouth, reflecting its educational and cultural significance. Today, the city is governed locally by Plymouth City Council and is represented nationally by two Members of Parliament.