Demand Planning Analyst- SIOP || India
Franklin Electric · Vadodara · onsite · Posted 66d ago
Undisclosed5–9 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Develop, maintain, and continuously improve statistical demand forecasting models using historical sales data, market intelligence, and business assumptions.
- Analyze sales trends, customer demand patterns, seasonality, and market dynamics to generate accurate demand forecasts.
- Collaborate closely with Sales, Marketing, Product Management, Supply Chain, Operations, and Finance teams to align demand plans with business objectives.
- Lead the monthly Demand Review process as part of the Sales, Inventory Operations Planning (SIOP) cycle.
- Compare actual sales performance against forecasted demand, perform root cause analysis for forecast variances, and recommend improvements for future planning cycles.
- Identify potential supply-demand imbalances, inventory risks, capacity constraints, and material shortages, and proactively recommend mitigation strategies.
- Prepare monthly demand plans, inventory projections, and executive reports to support business planning and decision-making.
- Coordinate with Supply Planning and Procurement teams to ensure optimal inventory levels while minimizing stockouts and excess inventory.
- Facilitate cross-functional SIOP meetings by presenting demand insights, forecast assumptions, key risks, and recommended actions.
- Drive continuous improvement initiatives in demand planning processes, forecasting methodologies, and planning systems.
- Ensure data integrity within ERP, forecasting, and planning systems, maintaining accurate master data and planning parameters.
- Conduct Safety Stock Analysis to determine optimal inventory buffers based on demand variability, lead time, service level targets, and business requirements.
- Perform ABC Inventory Analysis to classify products based on sales value, consumption, and inventory
The Demand Planning Analyst - SIOP is responsible for developing accurate demand forecasts and coordinating the Sales, Inventory Operations Planning (SIOP) process to ensure an optimal balance between customer demand, inventory levels, and production capacity. This role collaborates closely with Sales, Marketing, Supply Chain, Manufacturing, Procurement, and Finance to drive forecast accuracy, optimize inventory through safety stock and ABC analysis, minimize supply risks, and support business growth through data-driven planning and continuous process improvement.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Demand ForecastingAbc Analysisdemand planningSupply Chain operationsProcess ImprovementERPSupply ChainPlanning AnalystProcurementForecasting
About Franklin Electric
Franklin Electric
Education & Training
1001-5000
employees
1944
82 years old
Fort Wayne
US
₹5.4L PA avg
Avg at Franklin Electric
About
Franklin Electric specializes in manufacturing and distributing electric motors and fuel systems, addressing critical needs in petroleum and sewage pumping solutions.
Industries
Education & Training
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10 reviews
4.3/ 5
Culture
3.8
Career growth
3.6
Work-life
4.7
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