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Become An Inventory Planner

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Working As An Inventory Planner

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Making Decisions and Solving Problems
  • Monitor Processes, Materials, or Surroundings
  • Stressful

  • $73,580

    Average Salary

What Does An Inventory Planner Do At Advance Auto Parts

* RESPONSIBILITIESinclude the following.
* Other duties may be assigned.
* Replenishment System / Allocation Management
* Optimize the automated replenishment system parameters based on rate of sales, lead times, and order frequency to ensure meeting our inventory levels and in stock goals.
* Monitor product flow from domestic and import vendors to distribution centers and to stores; replenish and allocate product as needed
* Adhere to OTB spend while achieving planned turnover and revenue growth Planning Analysis Perform analysis and review upcoming promotional forecasts and seasonal activity based on sales, inventory, and in stock expectations (minimum presentation standards)
* Actively supports the category business plan and line review process with data and analysis, providing recommendations and insights as necessary
* Analyze and review non-productive inventory; create and monitor action plans to minimize inventory liability
* Assist in development of annual budget at category level to support company financial targets, including Cost of Goods Sold, Receipts, Base Inventory Levels, and Future Transitions Communication Merchant Relationships Develop relationships with merchant team through active involvement in business decisions.
* Maintain collaborative partnerships with vendors, distribution centers, and stores to ensure the rapid and efficient movement of goods through the supply chain
* Communicate with store teams and respond to individual store issues as needed Process Improvement Drive change in company best methods and be a resource for inventory system process enhancements

What Does An Inventory Planner Do At Atlas Copco Compressors

* Prepare purchase orders to obtain sufficient stock levels of spare parts
* Process order acknowledgements, maintain vendor due dates in system, and update purchase order pricing
* Daily follow up with suppliers to gain delivery commitments on open purchase orders through phone calls and e-mails
* Proactively identify potential shortages and initiate actions to ensure availability of stocked parts
* Expedites and devises alternative solutions to resolve backorders and schedule delivery of critical parts in a timely manner.
* Build rapport with an assigned range of vendors to maintain a strong network of suppliers
* Monitor and analyze vendor performance to ensure an on time supply chain
* Work cross functionally with all departments of the service center to solve purchase order and inventory discrepancies
* Perform other duties as assigned

What Does An Inventory Planner Do At Randstad

* Responsible for translating the demand plan for spare parts/finished goods into a supply and inventory plan.
* Interface with supply chain to monitor planning, availability and manage exceptions and communicate component shortages as required.
* Implement and improve supply chain master data and key planning modules in MRP system to achieve targets and improve inventory turns.
* Prepare reports assessing demand, regional inventory analysis, and adherence to regional and global KPI's being implemented.
* Prepares production plan and translates into weekly demand & consensus with kitting team.
* Monitors and corrects as necessary when supply shifts.
* Communicates due dates and shortages with sales desk.
* Reschedules PO's and production schedule accordingly.
* Responsible for regional WPI management, inventory management, S&OP/forecast analysis, stock level management, write offs & OTIF maximization.
* Working hours: 8a
* p

What Does An Inventory Planner Do At The Estee Lauder Companies

* Order Management 50%
* Collaborate with Demand Planning: advise market intelligence, provide sell thru projections by brand by SKU - to drive Replenishment orders
* Collaborate with Supply Planning: advise market intelligence for promotions, selling trends, special programs/shifts in the calendar, obtain updates on order status
* Review BEX Reports for SKU analysis
* Maintain a 99% or better in stock rate
* Collaboration with Ecommerce teams 35%
* Work closely with ecommerce teams to have in-depth knowledge of marketing programs in order to understand impact
* on sales and inventory needs.
* Provide a bottoms up view of the business on monthly sales forecasting calls and assist in driving overall direction of estimates.
* Review inventory requirements for promotions i.e.: Friends & Family, GWP, Black Friday, Cyber Monday
* Inventory Management 10%
* Review BEX Reports for inventory analysis
* Perform stock transfers as needed
* Plan, Manage, Communicate, and Execute Returns of Goods on discontinued items, and post-holiday items
* Project RTVs and collaborate with ecommerce teams and fulfillment center on execution and transfer of stock
* Perform detailed review of out of stocks
* Reporting 5%
* Sales reporting
* Sell-through reporting
* Inventory reporting
* New launch SKU requirements
* Historical analysis
* SKU analysis

What Does An Inventory Planner Do At Tree of Life

* The Customer Inventory Planner is responsible for managing customer inventory.
* This position is accountable to managing dated/aged products, spoils prevention, and discontinued inventory.
* The Customer Inventory Planner is also accountable as the inventory liaison for Supply Chain, Account team, and Customer.
* As with all position at KeHE Distributors, we expect that all actions will be consistent with KeHE’s Mission, Vision, and Values.
* Essential Functions:
* Manage day-to-day aging inventory communication and activities
* Maintain and deliver post-event inventory disposition reporting and needed actions to account team
* Create a cross-functional environment with clear expectations and transparency
* Track and monitor all inventory disposition requests to confirm action plan, timeline, and resultant shipment to the stores or vendor return
* Coordinate any vendor returns with KeHE procurement buyer and logistics analyst
* Provide at risk dating reports to include but not limited to: fresh expiry report, private label expiry report, egg report, post event inventory disposition report, and bulk dating report
* Identify and maintain APL blocks for discontinued items where applicable
* Communicate and track discontinued items to KeHE demand team and resultant inventory disposition to Customer Demand team
* Perishable inventory collaboration with KeHE Regional Demand Planner and the Account team
* Lead and attend the weekly regional spoils calls including reporting on needed actions and results
* Collaborate cross-functionally on any DC inventory constraint issues
* Become the go-to liaison for all customer inventory activities
* Implement smooth and efficient business processes that support and integrate with the customer
* Leveraging relationships with KeHE cross-functional personnel
* Provide real-time effective reporting and communication both internal and external relative to all customer based inventory
* Ensure successful implementation of inventory disposition
* Effective communication of all discontinued items to KeHE demand team

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How To Become An Inventory Planner

Material recording clerks usually need to have a high school diploma and are trained on the job. There are no formal education requirements for stock clerks and order fillers.

Education

Production, planning, and expediting clerks; shipping, receiving, and traffic clerks; and material and product inspecting clerks need a high school diploma or equivalent.

Production, planning, and expediting clerks need to have basic knowledge of computer applications such as spreadsheet software.

There are no formal education requirements for stock clerks and order fillers.

Training

Material recording clerks usually learn to do their work on the job. Training for most material recording clerks may last less than a month. Production, planning, and expediting clerks’ training can take several months.

Typically, a supervisor or more experienced worker trains new clerks.

Material recording clerks first learn to count stock and mark inventory and then move onto more difficult tasks, such as recordkeeping. Production clerks need to learn how their company operates before they can write production and work schedules.

Advancement

With additional training or education, material recording clerks may advance to other positions within their firm, such as purchasing agent. Clerks in retail establishments can move into the sales department.

Important Qualities

Communication skills. Production, planning, and expediting clerks are frequently in contact with suppliers, vendors, and production managers and need to be able to communicate the firm’s scheduling needs effectively.

Customer-service skills. Stock clerks sometimes interact with customers in retail stores and may have to get the item the customer is looking for from the storeroom.

Detail oriented. Material and product inspecting clerks check items for defects, some of which are small and difficult to spot.

Math skills. Some material recording clerks use math to calculate shipping costs or take measurements.

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Inventory Planner jobs

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Real Inventory Planner Salaries

Job Title Company Location Start Date Salary
Inventory Planner III Amazon Corporate LLC Seattle, WA Oct 15, 2014 $123,000
Inventory Planner III Amazon Corporate LLC Seattle, WA Oct 15, 2010 $110,800
Inventory Planner III Amazon Corporate LLC Seattle, WA Mar 11, 2015 $105,082 -
$151,500
Inventory Planner III Amazon Corporate LLC Seattle, WA Dec 05, 2015 $105,082
Inventory Planner II Amazon Corporate LLC Seattle, WA May 22, 2014 $105,000
Inventory Planner Amazon Fulfillment Services, Nc Seattle, WA Aug 29, 2011 $95,855
Inventory Planner II Amazon Corporate LLC Seattle, WA Oct 01, 2015 $86,600
Strategic Commodities Inventory Planner Google Inc. Mountain View, CA Jun 07, 2010 $86,000
Inventory Planner II Amazon Corporate LLC Seattle, WA Sep 08, 2015 $85,509 -
$108,300
Senior Inventory Planner NIKE, Inc. Beaverton, OR Sep 19, 2013 $85,000
Inventory Planner II Amazon Robotics, LLC. North Reading, MA Sep 20, 2016 $84,448 -
$108,000
Inventory Planner/Analyst II Goodman Manufacturing Company, L.P. Houston, TX Oct 01, 2013 $84,344 -
$101,733
Inventory Planner III Amazon Corporate LLC Seattle, WA Jul 22, 2013 $83,034
Inventory Planner II Amazon Corporate LLC Seattle, WA Jun 28, 2013 $82,800
Inventory Planner II Amazon Corporate LLC Seattle, WA Mar 20, 2010 $82,000
Inventory Planner III Amazon Corporate LLC Seattle, WA May 10, 2015 $81,600 -
$151,500
Inventory Planner II Amazon Corporate LLC Seattle, WA Dec 09, 2016 $80,600
Inventory Planner II KIVA Systems LLC North Reading, MA Nov 24, 2014 $80,000
Inventory Planner Peco Pallet, Inc. Yonkers, NY Jan 21, 2013 $80,000
Inventory Planner II Amazon Corporate LLC Seattle, WA Apr 26, 2013 $80,000
Senior Inventory Planner Amazon Fulfillment Services, Inc. Seattle, WA Sep 20, 2010 $71,915
Inventory Planner The Gap, Inc. San Francisco, CA Apr 01, 2011 $71,219 -
$102,000
Inventory Planner, Girls Active The Gap, Inc. San Francisco, CA Sep 09, 2013 $70,000 -
$85,000
Senior Inventory Planner B/E Aerospace, Inc. Miami, FL Oct 01, 2013 $70,000
Inventory Planner The Gap, Inc. San Francisco, CA Nov 15, 2010 $69,534 -
$102,000
Inventory Planner/Analyst II Goodman Manufacturing Company, L.P. Houston, TX Oct 01, 2010 $66,024 -
$78,020

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Top Skills for An Inventory Planner

AppropriateInventoryLevelsPurchaseOrdersSKUDeliveryDatesSupplyChainInventoryPlanningManageInventoryCustomerServiceLevelsFinancialPlansMRPLogisticsRawMaterialsProductionScheduleDistributionCentersStockLevelsBuyersProductLinesProductionPlanningInventoryControlSafetyStock

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Top Inventory Planner Skills

  1. Appropriate Inventory Levels
  2. Purchase Orders
  3. SKU
You can check out examples of real life uses of top skills on resumes here:
  • Decided which warehouse to stock appropriate inventory levels.
  • Generate purchase orders to suppliers to support manufacturing, marketing, merchandising, and retail requirements within established inventory budget.
  • Manage Cut & Sewn program (52 SKUs) from China; through a third party vendor.
  • Conducted cycle counts, planned volume and delivery dates, processed purchase orders and updated vendors with any changes.
  • Calculated weekly forecast of material usage with supply chain planner for weekly ordering and allocation.

Top Inventory Planner Employers

Inventory Planner Videos

Career Profile: Demand & Inventory Planner

Valogix Inventory Planner - Part One

Valogix Inventory Planner - Part Three

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