Senior Demand Planning Executive
Nykaa · Mumbai, Maharashtra, India
Nykaa · Mumbai, Maharashtra, India
**Job Description:** **Demand & Inventory Planning (Private Label)** **Role Overview** Individual will be responsible for end-to-end demand forecasting and inventory optimization for the Private Label portfolio. This role bridges the gap between Brand, Sales, and Supply Chain to ensure high product availability while maintaining lean inventory health. **Key Responsibilities** **1. Strategic Demand Planning & S&OP** - **Statistical Forecasting:** drive the monthly Demand Planning cycle. Utilize historical data, market trends, and business intelligence to develop high-accuracy baseline forecasts. - **Drive S&OP:** Act as a central stakeholder in the Sales & Operations Planning (S&OP) cycle, aligning cross-functional teams (Sales, Brand, Supply Chain) on volume and value projections. - **Promotion & Event Management:** Design and execute inventory allocation strategies for tentpole sales events and marketing initiatives to prevent stock-outs during peak demand. - **Fortnightly Reviews:** drive bi-weekly inventory and demand reviews with key stakeholders to adjust for real-time market shifts. **2. Inventory Management & Replenishment** - **Systemic Replenishment:** Optimize the Auto-Replenishment System (ARS) to maintain ideal stock levels for both **Finished Goods (FG)** and **Raw/Packaging Materials (RMPM)**. - **Availability & Shortage Mitigation:** Monitor daily OOS (Out-of-Stock) risks. Proactively develop and communicate "Recovery Plans" to mitigate supply disruptions. - **Inventory Health (SLOB Management):** Actively manage "Problem Inventory." Develop depletion strategies for Slow-Moving and Obsolete Stock (SLOBs) and negotiate MOQ challenges with suppliers to minimize capital lock-up. **3. Product Lifecycle Management (NPD & Renovations)** - **New Product Development (NPD):** Own the supply chain roadmap for new launches. Maintain the **New Launch Tracker**, monitor critical path dates, and drive dynamic replenishment based on post-launch performance. - **Renovation & Phase-Out:** Orchestrate the phase-in/phase-out process for formula updates or packaging renovations to minimize residual waste and write-offs. **4. Data Analytics & Business Intelligence** - **Performance BI:** Leverage Data Cubes and BI tools to convert raw data into actionable insights and executive-level reporting. - **KPI Management:** Track and analyse core metrics: **Forecast Accuracy (FA), Bias, Months of Inventory (MOI), and Problem Inventory.** **Preferred Qualifications** - **Experience:** 35 years in Demand/Production/ Inventory Planning, preferably in Beauty, FMCG, Retail, or E-commerce sector - **Technical Skills:** Advanced Excel; experience with SAP, Oracle, or similar ERP/BI tools, Statistical Forecasting tools - **Core Competencies:** Strong analytical mindset, ability to manage long-lead-time imports/sourcing planning, and excellent cross-functional communication.