As a Demand Planner, you will be responsible for the Sales forecasting, demand planning and monitoring inventory levels for the full product portfolio of Lotus Bakeries Korea. The Demand Planner is also responsible for all placing Purchases Orders and tracking the PO's plus all communication with our Factory Planning & Export team in Belgium, freight forwarders including communication with Asia region team. You will report to the SC Manager of Lotus Bakeries Korea.
As a Demand PLanner, these would be some of your main responsibilities.
1) S&OP Process
- Create a solid sales forecast (SFC) by distributor by SKU, based on sales history, seasonality, market trend, commercial activities
- Validate SFC with each account manager and understand to reasons for large variances between SFC and Actuals, and impact on forecast going forward; if possible use statistical forecasting through IBP; in line with S&OP process, the DP ensure adequate input is given to the S&OP meeting, to allow final decision taking on the S&OP plan (highlight issues like excess stock, constraints etc)
- Consolidate final forecast and compare with BU, highlight any gaps vs BU to management team to trigger action plans
- Prepare Demand Plan using our specific "Waterfall" template to ensure we have fresh stock available at any given point being able to support the business based on the SFC, while limiting the risk of overstock (Aged stock)
- Works with all stakeholders to ensure that all kinds of promotions, base line volume change, NPD and product phase-out plans for all product lines are addressed as part of the S&OP process
- Grow and improve S&OP maturity continuously to get a sustainable forecast process
2) Inventory Management
Target maximum 30 days of stock per SKU to ensure fresh stock is available to our customers at any point in time and have sufficient buffer stock available to support any fluctuations in the SFC and ad hoc requests.Closely monitor inventory on hand and potential ageing stock – report / discuss potential ageing stock on weekly basis to ensure necessary actions are planned by commercial teamEnsure proper stock allocation per SKU per distributor in case of supply constraints based on input from commercial team / country managerMeasure / review local distributors stock to ensure stock levels at our distributors are reasonable and consider this stock when preparing the demand planning and stock allocation (if applicable)3) Inventory replenishment (Purchase Order process) and T&D (including landed) cost management
Purchase order placement regularly and monitor production status, booking confirmations, shipping schedule changes, and any other logistics issues at originWorks with various stakeholders to ensure that all shipping documents are handed over to Logistics specialist to go through customs clearance and quarantine in KoreaVerify the invoice issued by freight forwarder and keep tracking of balance amountWork with local 3PL logistics company for boned trucking and deliver to the appointed warehouse locationPrepare monthly landed cost report to monitor the actual cost compared with budget4) Master data management and project management
Maintain / update the material / customer master in SAPUpdate the applicable pricing for repacking products and packaging material as year-end activityDemand and Supply planning related projects assigned on an ad hoc basisAlongside living our TOP values of Team Spirit, Open Dialogue, and Passion, the most important things we’re looking for from you are :
Ideal candidate :
TOP Values : Team Spirit, Open Dialogue, and PassionLotus Competences : Excellent Execution, Driving Result, Improving Continuously, Strategic Thinking, Embracing & leading change, Making people betterProfessional Knowleges : In-depth & broadExperience :
Strong Microsoft Excel skills required including use of advanced formulasExperience with SAP is a plusStrong experience in FMCG (preferably in Food & Beverage), working with A-brands and working in an international environment.Knows and understands the supply chain dynamics in Korea.Language :
Fluent in Korean and English (both verbally and in writing)Personal competences :
Strong personality and serious partner in businessStrong communicator both internal and external.Analytical, fact based, solution thinker (‘how can we make this happen”)Hands on mentalityUnderstands the broader picture with an eye for detailEntrepreneurial, high energy level (no 9-6 mentality) and a good sense of humor