Inventory Planning Analyst

Inventory Planning Analyst

Job Description

Job ID: 23519
Job Function: Supply Chain
Job Term: Permanent
Job Region: UK & Europe
Posted Date: 25 May 2023

Job Overview

The Inventory Planning Analyst will support the Inventory Planning Department’s ongoing data analysis, modelling and reporting, continuous improvement and research and development, incorporating developments into the DFP (Demand Forecasting and Planning) system. Most work is project work, often using R, SQL and Excel.

The post would suit a post-graduate data scientist, mathematician or statistician, wishing to apply their skills in a commercial supply-chain setting. The role ranges from very technical work to day-to-day inventory planning, requiring flexibility and adaptability.

Job Responsibilities

  •  Develop a deep understanding of forecasting and inventory control theory, and how this is used in forecasting, inventory control and MRP systems.

· Project-based research and development in forecasting and inventory control: scoping, analysis, research, testing and presentation of results. Recent projects have included:

o Calculation of variability of supplier lead time, and its use in safety stock calculations.

o Long term simulation of forecasting, inventory levels and availability for a large defence client.

· Implementation of research in DFP: technical specifications, testing, ongoing support and problem diagnosis.

· Creating and maintaining large and complex data models using data science and statistical tools, simulation etc. Using data models for what-if analysis, and presentation of analysis and results.

· Develop the department’s use of AI and machine learning.

· Support the department’s continuous improvement programme.

· Develop and improve the department’s reporting to internal and external customers, using a variety of tools such as Excel, R, SQL.

· Support implementation of DFP for new clients, improvements to DFP, etc.

· Understand, and support as necessary, clients’ forecasting and planning cycle in DFP and MRP.

· Investigate reasons for holding specific inventory of items.

· Represent the department at internal and external meetings with clients and senior managers.

Qualifications and Skills

Degree in mathematics, statistics, economics, or equivalent.

· Post-graduate qualification in data science, mathematics, operational research, statistics, logistics and supply chain, or equivalent.

· Good presentation skills and an ability to explain technical concepts. Effective written and oral communication.

· Desirable: knowledge of the main techniques used in forecasting and inventory control: regression modelling, statistical testing, stochastic processes, renewal theory, optimisation and simulation.

· Desirable: programming skills and experience: R or S-plus, python, SQL, C, UNIX.

· Desirable: experience in using AI/ML techniques.

· Competent in Microsoft Word.

· Advanced Excel skills.

· Experience in using database reporting systems to create and manage reports is advantageous.


Experience of the following is advantageous:

· Inventory management or planning in a service support or aftermarket role.

· Experience of applying mathematics or statistical techniques in a commercial environment.

· Experience in the following sectors: automotive aftermarket, beverages dispense equipment, utilities equipment.

· Working with forecasting or ERP systems.

· Client reporting and liaison.

Key Competencies:

· Attention to detail

· Analytical Abilities

· Planning and Organising

· Customer Focus

· Teamwork

· Adaptability


· 25 Days Holiday (plus 8 statutory Bank Holidays)

· Employee Assistance Programme supporting wellness with immediate access to:

· GP consultation and second opinions

· Mental health support

· Financial and Legal support

· Wellbeing and healthy living support

· Employee referral scheme with financial reward

· Professional Membership and Study Sponsorship

· Pass scheme (£100 to undertake training of your choice)

· 2x Salary life assurance with the 4% matched pension

· Onsite Carpark
· (Chorley) Subsidized Canteen

Please note TVS Supply Chain Solutions is an Equal Opportunities Employer

Job Location

Chorley - Hybrid

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