Inventory Planner

Inventory Planner Job Code
‎30001019
Basic Function

The inventory planner conducts inventory planning and management activities
for the assigned materials (medical or non-medical). He/she ensures
availability of materials to meet the end users’ needs while assessing demand
activity in order to optimize inventory cost.

Scope

The inventory planner determines inventory strategy and develops appropriate
planning methodologies for the material categories under responsibility, in
line with the company’s processes and policies.

Analyzes trends in spend across the organization to design robust inventory
plans capable of fulfilling end user needs and identifying and resolving any
discrepancies in inventory information.

Principal Contacts
The Inventory planner reports to the Sr. Inventory Planner.

Internal interactions:
Regularly with end users to define material stock levels and discuss other
related topics of inventory management

Regularly with warehouse managers/coordinators to coordinate on inventories
and material availability (e.g. cycle count results, returns, etc.)

Regularly with tactical buyers to coordinate on delivery times and other
information required for inventory management

Ad hoc with process specialist to support the identification of improvement
areas within existing policies and procedures

Ad hoc with IT partner to identify changes within existing and new systems

Principal Duties

Main duties are as following:
Stock Reordering

Analyze and adjust safety levels, reorder levels, maximum levels and economic
reorder levels based on comprehensive analyses and approval from end users

Review and classify inventory based on movement and criticality of material
(e.g. fast-moving, slow-moving) and take action to control inventory levels as
per company’s guidelines and policies

Ensure timely availability of items as well as optimized stock levels in
coordination with end users as per department’s policies and procedures

Replenishment

Oversees MRP to replenish stock materials below reorder point

Review MRP and PRs that have been automatically generated by the system

Review PRs and checks availability in stock

Ensure that PRs (specifically for critical items) are available to Procurement
in time to keep schedules

Stock Monitoring

Segment inventory and conduct analyses including checking slow-moving items
and coordinate with end users for possible obsolesce or surplus

Manage insurance and repairable items and take necessary action as per
department’s procedure

Organize yearly and cycle inventory counting, understand root causes for
discrepancies and report to Inventory manager and procurement

Verify physical count results and update system accordingly

Operational Responsibilities

Meet established department KPI, SLA and individual annual goals and metrics

Maintain all safety and security measures per organizational policies

Education
Bachelor’s degree required or equivalent
Experience
‎5 years of relevant experience, in inventory management/material handling
Certifications/Other requirements as applicable

Strong organizational, verbal communication and writing skills

Strong problem-solving skills and work ethic

Spoken English is required. Computer literate in MS Word & Excel.