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Inventory Planners ensure the organisation has sufficient inventory in place to supply customers — without running out of products or becoming overstocked. They use forecasting and analysis tools to predict customer demand and the optimum inventory levels.
As an Inventory Planner you could be developing an overseas inventory forecast model, monitoring shipping arrivals, brainstorming solutions to delayed inventory shipments, meeting with the Supply Chain Manager to discuss a proposed change to delivery routes, recommending a just-in-time inventory (JIT) strategy to reduce storage costs, or investigating anomalies in the POS (point of sale) real-time-updates against the actual inventory in the warehouse.
To succeed in this job role you will need to be proficient in inventory planning software, have outstanding attention to detail, and be able to produce meaningful reports, forecasts, and recommendations from sales and production data.