Position Summary:

The Demand Planning Manager is responsible for overseeing and managing the demand planning process to ensure optimal inventory levels and alignment with business objectives. This role involves analyzing historical sales data, collaborating with cross-functional teams, and utilizing forecasting tools to develop accurate demand forecasts. The Demand Planning Manager will play a critical role in maintaining customer satisfaction while minimizing excess inventory and stockouts. The Demand Planning Manager is responsible for analyzing, planning and managing the flow of materials to ensure they are provided according to schedule.

Responsibilities:

Demand Forecasting:

Develop and maintain demand forecasts using quantitative and qualitative methods. Analyze historical sales data, market trends, and seasonal variations to create accurate demand projections. Collaborate with sales, marketing, and finance teams to incorporate promotional plans and market insights into forecasts.

Inventory Management:

Monitor inventory levels and ensure alignment with demand forecasts to optimize stock availability and minimize excess inventory. Establish safety stock levels and reorder points based on demand variability and lead times. Coordinate with supply chain and procurement teams to ensure timely replenishment of inventory.

Collaboration and Communication:

Liaise with cross-functional teams to align demand planning with production schedules, sales strategies, and marketing initiatives. Facilitate regular meetings with stakeholders to review forecasts, discuss potential issues, and adjust plans as necessary. Communicate demand planning metrics and performance to senior management.

Process Improvement:

Identify opportunities for process improvements within the demand planning function. Implement best practices and tools to enhance forecasting accuracy and efficiency. Monitor and analyze key performance indicators (KPIs) related to demand planning and inventory management.

Data Analysis and Reporting:

Utilize demand planning software and analytical tools to generate reports and dashboards that provide insights into demand trends and forecasting accuracy. Prepare and present demand planning reports to management, highlighting key findings and recommendations. Manages and prepares division inventory relating to records, tracking materials, changing business activity, quality of materials and stocking levels. Works closely with procurement to ensure reorder processes and timely delivery of materials are in place. Administers the development and implementation of an aggressive inventory reduction program limiting the Divisions exposure to excess inventory cost. Adjust inventory levels associated with any backlog production.

Qualifications:

Proficiency in demand planning software (e.g., SAP, Oracle, or similar). Strong analytical skills with the ability to interpret complex data sets. Proficient in Microsoft Excel (VBA and Macros) and other data visualization tools (e.g., Tableau, Power BI). Excellent written, verbal, and interpersonal communication skills for effective interface with all internal and external contacts. Must be an innovator and embrace lean enterprises principles and practices.

Education & Experience Requirements:

Bachelor's Degree in related discipline is required; preferred in Supply Chain 7+ years related experience in Demand Planning roles Drug-Free Workplace - In accordance with Parker's policies and applicable state laws, Parker provides a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.

Pay, Benefits, Work Schedule Competitive Compensation Pay Range:

$111,450 to $195,150 annually Participation in Annual Incentive Program Benefit & Retirement Plans Parker offers competitive benefit programs, including: Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost. 401(k) Plan with company matching contributions at 100% of the first 5% of pay. Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay. Career development and tuition reimbursement. Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you. Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates. Paid Time Off and Company-Paid Holidays. Equal Employment Opportunity Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations. 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