Material Planner

Job Summary:

The Material Planner in the Inventory Team is responsible for managing inventory levels, ensuring optimal stock availability, and supporting efficient material flow to meet business needs. This role focuses on balancing inventory costs with service levels, coordinating with suppliers, and collaborating with cross-functional teams to ensure materials are available for production and customer fulfillment.

Key Responsibilities:

• Inventory Planning and Management:
• Monitor and maintain optimal inventory levels to meet production and customer demand.
• Analyze inventory data to identify trends, risks, and opportunities for improvement.
• Implement inventory control strategies to minimize excess and obsolete stock.
• Material Coordination:
• Develop material replenishment plans based on forecasts and historical data.
• Coordinate with procurement, production, and warehouse teams to ensure timely material availability.
• Track inbound shipments and resolve any delays or discrepancies.
• Demand and Supply Alignment:
• Collaborate with demand planners to ensure inventory plans align with sales forecasts.
• Communicate with suppliers to manage lead times and mitigate potential supply disruptions.
• Adjust plans dynamically to respond to changes in demand or production schedules.
• Performance Metrics and Reporting:
• Monitor key performance indicators (KPIs) such as inventory turnover, fill rates, and stock accuracy.
• Prepare regular reports on inventory health, stock levels, and material planning performance.
• Identify and address gaps in performance metrics to enhance operational efficiency.
• Continuous Improvement:
• Participate in initiatives to optimize inventory processes and reduce carrying costs.
• Leverage technology and data analytics to enhance material planning accuracy.
• Stay updated on industry trends and best practices in inventory and material management.
• Qualifications:
• Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or a related field.
• Proficiency in inventory management systems and ERP software (e.g., SAP, Oracle, Microsoft Dynamics).
• Strong analytical skills with attention to detail.
• Effective communication and problem-solving abilities.