Pluga Franklin Electric
Website:
pluga.com
Job details:
Department: Business Operations
Location: India
Description
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.
Key Responsibilities
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
Skills, Knowledge and Expertise
Skills and Abilities.
- Strong understanding of inventory management principles, production planning, procurement, and end-to-end supply chain processes.
- Excellent communication, stakeholder management, presentation, and cross-functional collaboration skills.
- Ability to work in a fast-paced manufacturing environment and manage multiple priorities effectively.
Education and Experience- Bachelor's degree in Supply Chain Management, Operations Management, Engineering, Business Administration, Statistics, or a related field. MBA is preferred.
- 3–5 years of experience in Demand Planning, Supply Chain Planning, SIOP/S&OP, Forecasting, or Inventory Planning in a manufacturing environment.
- Advanced proficiency in Microsoft Excel (Power Query, Pivot Tables, Power Pivot) and reporting tools such as Power BI.
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