Materials and Demand Planner Executive is responsible for the critical functions of forecasting demand for the company's food and beverage products and ensuring the timely and efficient supply of raw and packaging materials to meet production requirements. This role involves analysing historical data, market trends, and promotional activities to develop accurate demand forecasts, translating these forecasts into material requirements plans, and collaborating closely with procurement, production, and sales teams to optimize inventory levels, minimize waste, and ensure seamless operations.
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Develop and maintain accurate demand forecasts across various levels (SKU, product family, region, time horizon) using statistical models, historical data, market intelligence, and input from sales and marketing to create forecasts.
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Collaborate with sales, marketing, and product development teams to incorporate insights on upcoming promotions, new product launches, and market trends.
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Lead regular demand review meetings with key stakeholders to align on forecasts and identify potential risks and opportunities.
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Analyze forecast accuracy and implement corrective actions as needed.
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Monitor and report on key demand planning metrics, providing insights to management.
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Maintain and update demand planning systems and tools.
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Translate demand forecasts and production plans into detailed material requirements plans for raw materials, packaging materials, and other components.
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Determine optimal inventory levels, considering lead times, safety stock requirements, and production schedules.
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Collaborate with the procurement team to ensure timely and cost-effective procurement of materials, providing accurate forecasts and purchase requisitions.
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Monitor material inventory levels and proactively address potential shortages or surpluses.
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Work closely with the production team to understand material usage and address potential material availability issues.
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Manage material master data accuracy in relevant systems.
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Track and report on key material planning metrics, such as material availability, inventory levels, and potential obsolescence.
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Identify and implement opportunities to optimize material flow and reduce waste.
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Serve as a key point of contact between demand planning, materials planning, procurement, production, and sales teams.
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Communicate effectively with internal and external stakeholders regarding demand forecasts, material availability, and potential supply chain disruptions.
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Participate in cross-functional meetings to align on production plans, inventory strategies, and new product introductions.
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Work with the logistics team to ensure timely delivery of materials and finished goods.