Demand Planner

Pro Petro - Midland, TX

Full-time

Midland, TX

Support Activities for Mining

About the position

The Demand Planner plays a pivotal role in optimizing inventory to enhance service delivery to internal customers while maintaining optimal levels based on forecasts and budgetary guidelines. This position is crucial for ensuring that inventory levels are aligned with demand forecasts, which directly impacts the efficiency of operations and customer satisfaction. The Demand Planner will be responsible for forecasting demand, collaborating on SKU rationalization, and contributing to strategic inventory management initiatives. This role requires a strong analytical mindset and the ability to interpret complex data to generate actionable insights that drive inventory strategies. In this role, the Demand Planner will develop inventory strategies aimed at minimizing both out-of-stock and over-stock situations. This involves reviewing and monitoring inventory levels, turnover rates, and demand patterns to identify opportunities for improvement. The Demand Planner will also monitor backorders and lead time fluctuations, providing timely reports and proactive solutions to address any issues that arise. Additionally, the role includes leading root cause analysis efforts and implementing corrective actions to tackle inventory challenges effectively. The Demand Planner will conduct item rationalization assessments, focusing on lead times and minimizing the impacts of slow-moving inventory. They will be responsible for updating and maintaining performance metrics, recommending and implementing changes to meet inventory and budget objectives. Conducting bi-annual Demand Segmentation to refine forecasting accuracy and enhance planning efficiency is also a key responsibility. The Demand Planner will develop tools and processes to track and improve forecast accuracy, driving continuous improvement across the organization. Participation in additional projects and initiatives as assigned is expected, along with overseeing the process of reviewing, reporting, and tracking excess and obsolete inventory. Communication of inventory status and action plans to relevant stakeholders is essential, as is maintaining compliance with Health, Safety, and Environment (HSE) policies by attending all required training sessions and safety meetings.

Responsibilities

• Develop inventory strategies to minimize out-of-stock and over-stock situations, prioritizing inventory plans accordingly
• Review and monitor inventory levels, turnover rates, and demand patterns to identify opportunities for improvement
• Monitor backorders and lead time fluctuations, providing timely reports and proactive solutions
• Lead root cause analysis efforts and implement corrective actions to address inventory challenges
• Conduct item rationalization assessments, focusing on lead times and minimizing slow-moving inventory impacts
• Update and maintain performance metrics, recommending and implementing changes to meet inventory and budget objectives
• Conduct bi-annual Demand Segmentation to refine forecasting accuracy and enhance planning efficiency
• Develop tools and processes to track and improve forecast accuracy, driving continuous improvement across the organization
• Participate in additional projects and initiatives as assigned
• Oversee the (E&O) process of reviewing, reporting, and tracking excess and obsolete inventory
• Communicate inventory status and action plans to relevant stakeholders
• Maintain compliance with Health, Safety, and Environment (HSE) policies by attending all required HSE training sessions, safety meetings, and always utilize proper Personal Protective Equipment (PPE)
• Other duties as assigned

Requirements

• Proven experience in demand planning, inventory management, or a similar analytical role
• Strong analytical skills with the ability to interpret complex data and generate actionable insights
• Bachelor's or advanced degree in Business, Finance, or related field required
• Thorough understanding of supply planning, statistical models and calculating min/max levels for fast, medium, and slow-moving items
• Strong leadership characteristics, advanced problem solving and analytical skills, and performance tracking
• Excellent communication and interpersonal skills, capable of collaborating effectively across departments
• Team player who can work well with others to improve work processes
• Ability to prioritize tasks, manage multiple projects, and meet deadlines in a dynamic environment
• Excellent organizational and time management skills
• Proficient working in Microsoft Office 365 Applications and able to quickly learn other work-related software
• Knowledge of lean processes
• Demonstrated project management skills
• Experience working in the oil and gas industry preferred
• Proficiency in inventory management software and ERP systems preferred
• Detail-oriented with a focus on accuracy
• Certified in production and inventory management (CPIM) or certified in supply chain planning (CSCP) is desirable

Nice-to-haves

• Experience working in the oil and gas industry preferred
• Proficiency in inventory management software and ERP systems preferred
• Certified in production and inventory management (CPIM) or certified in supply chain planning (CSCP) is desirable