What are the responsibilities and job description for the Demand & Inventory Planner position at Backyard Products?
Position Title: Demand & Inventory Planner
Functional Area: Supply Chain and Operations
Reports To: Corporate Director of S&OP
Position Summary
The Demand & Inventory Planner is responsible for developing accurate demand forecasts, managing procurement activities, and optimizing inventory levels to support business goals and service levels. This role works cross-functionally with sales, marketing, NPD, and operations teams to ensure supply meets demand, minimize costs, and improve customer satisfaction.
Key Responsibilities
Demand Planning & Forecasting
Functional Area: Supply Chain and Operations
Reports To: Corporate Director of S&OP
Position Summary
The Demand & Inventory Planner is responsible for developing accurate demand forecasts, managing procurement activities, and optimizing inventory levels to support business goals and service levels. This role works cross-functionally with sales, marketing, NPD, and operations teams to ensure supply meets demand, minimize costs, and improve customer satisfaction.
Key Responsibilities
Demand Planning & Forecasting
- Develop and maintain rolling demand forecasts based on historical data, input from the sales/marketing/NP teams, and other intel.
- Monitor forecast accuracy and conduct corrective actions to improve performance.
- Support product launches, promotions, and lifecycle planning with accurate demand projections.
- Execute procurement activities to ensure timely availability of raw materials, components, and finished goods.
- Build and maintain strong supplier relationships to improve lead times, cost savings, and supply reliability.
- Negotiate pricing, contracts, and terms with suppliers in alignment with company policies.
- Monitor supplier performance and escalate risks that may affect supply continuity.
- Plan and maintain optimal inventory levels to balance cost, risk, and service levels.
- Track inventory performance (doh,turns, aging, excess, obsolescence) and implement corrective actions as needed.
- Collaborate with warehousing and logistics teams to ensure accurate stock levels and timely replenishments.
- Implement inventory optimization strategies such as safety stock calculations and reorder point management.
- Partner with Sales, Marketing, Finance, and Operations to align demand forecasts with supply and financial plans.
- Lead/participate in the monthly S&OP process to drive consensus on demand and supply alignment.
- Communicate risks, opportunities, and recommendations to senior leadership.
- Provide regular reporting on demand forecasts, procurement status, and inventory performance.
- Use analytics to identify trends, risks, and opportunities for improvement.
- Maintain accurate and timely data in planning, ERP, and procurement systems.
- Education & Experience:
- Bachelor’s degree in Supply Chain Management, Business, Economics, or related field
- 3–5 years of experience in demand planning, procurement, and/or inventory management.
- Skills & Competencies:
- Strong analytical and quantitative skills; proficiency in Excel and planning/procurement tools (e.g., D365, NetSuite, Sage, Great Plains, Tableau).
- Solid knowledge of procurement best practices and supplier management.
- Strong understanding of inventory management principles (safety stock, EOQ, reorder points).
- Excellent negotiation, communication, and collaboration skills.
- Ability to manage multiple priorities in a fast-paced environment.
- Preferred:
- APICS/IBF/ISM certifications (CPIM, CSCP, CPF, CPSM) are a plus.
- Experience in Asia supply planning, manufacturing, outdoor playsets and structures
- Forecast accuracy (MAPE, BIAS, etc.)
- Inventory days on hand, turns and stockout rates
- Supplier performance (OTD, cost savings, quality metrics)
- Procurement cost control
- Contribution to S&OP effectiveness
Salary : $65,000 - $80,000