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Demand Planner

Overview, Education, Careers Types, Skills, Career Path, Resources

Demand Planners forecast product demand to optimize inventory and supply chains. They analyze data, trends, and collaborate with teams to meet customer needs and business goals.

Average Salary

₹6,00,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Demand Forecasting
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    Inventory Management
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    Sales and Operations Planning (S&OP)
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    Data Analysis and Visualization
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    Supply Chain Management
    -
    Collaboration and Communication
    -
    Demand Planning Software
    -
    Promotional Planning
    -
    New Product Introduction (NPI)
    -
    Risk Management
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

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    Analytical Thinking
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    Communication Skills
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    Problem-Solving
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    Collaboration
    -
    Adaptability
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    Attention to Detail
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    Time Management
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    Negotiation Skills
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    Systems Thinking
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

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    Statistical Forecasting
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    Data Analysis and Visualization
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    Supply Chain Management (SCM)
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    Demand Planning Software
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    Collaboration and Communication
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    Business Acumen
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    Machine Learning (ML)
    -
    Scenario Planning
Duties and Responsiblities

Task

95%

Develop demand forecasts using statistical tools and market insights for accurate planning.

90%

Collaborate with sales, marketing, and supply chain teams to gather relevant data and insights.

85%

Analyze historical sales data, market trends, and seasonality to improve forecast accuracy.

80%

Monitor forecast accuracy and identify areas for improvement in the demand planning process.

75%

Manage inventory levels to ensure optimal stock availability while minimizing excess inventory.

70%

Create and maintain demand planning reports and dashboards for management review.

65%

Participate in monthly S&OP (Sales and Operations Planning) meetings to align demand and supply plans.

60%

Evaluate and implement demand planning software solutions to enhance forecasting capabilities.

55%

Assess the impact of promotional activities and new product launches on demand forecasts.

50%

Stay updated with industry best practices and emerging trends in demand planning and forecasting.

Work Activities

95%

Utilize statistical models and historical data to accurately forecast future product demand.

92%

Manage inventory levels to minimize holding costs while ensuring product availability.

90%

Participate in S&OP meetings to align demand plans with supply and financial plans.

88%

Collaborate with suppliers and distributors to improve forecast accuracy and responsiveness.

85%

Incorporate promotional activities and marketing campaigns into demand forecasts.

82%

Develop demand plans for new product launches, considering market trends and initial sales data.

80%

Continuously refine demand plans based on actual sales data and market feedback.

78%

Analyze sales trends, market data, and economic indicators to improve forecast accuracy.

75%

Prepare and present demand planning reports to stakeholders, highlighting key insights.

72%

Develop scenario plans to address potential risks and opportunities in demand.

70%

Participate in the implementation and maintenance of demand planning software systems.

68%

Monitor key performance indicators (KPIs) to track forecast accuracy and identify areas for improvement.

Detailed Work Profile

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