A Demand Planner is meant to forecast the needs of the market via data research, collection, and analysis and is thus responsible for the planning of inventory and supply flow. They represent their research in an easy-to-understand way to investors, executives, and other employees through databases and models.
They are also tasked with acting as an advisor to senior personnel by assessing the risks of certain products and projects and consulting them on product stock, fixing stock-related issues. They are always looking for ways to improve their statistics, and they must alter their predictions, budgets, and strategies as necessary.
A person seeking work in this position should generally have a bachelor's degree in business, sales, or a subject in supply chains or in a similarly applicable field and three years of experience working in demand planning or forecasting roles. Strong mathematical and analytical skills are necessary, as well as good communication skills. On average, a Demand Planner earns $40.53 an hour.
There is more than meets the eye when it comes to being a Demand Planner. For example, did you know that they make an average of $33.95 an hour? That's $70,615 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 8,400 job opportunities across the U.S.
There are certain skills that many Demand Planners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Customer service skills, Problem-solving skills and Organizational skills.
If you're interested in becoming a Demand Planner, one of the first things to consider is how much education you need. We've determined that 75.2% of Demand Planners have a bachelor's degree. In terms of higher education levels, we found that 14.1% of Demand Planners have master's degrees. Even though most Demand Planners have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Demand Planner. When we researched the most common majors for a Demand Planner, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Demand Planner resumes include Associate Degree degrees or Diploma degrees.
You may find that experience in other jobs will help you become a Demand Planner. In fact, many Demand Planner jobs require experience in a role such as Buyer. Meanwhile, many Demand Planners also have previous career experience in roles such as Customer Service Representative or Planner.