The Supply Planning Analyst
is responsible for partnering with the Vendor & developing and executing
supply plans and strategies that align with demand forecasts to ensure
availability of supply while optimizing inventory levels. This role requires collaboration
with the vendor and or cross-functional collaboration with members of the demand
planning, marketing, restaurant development, research & development,
finance, procurement teams to ensure a smooth and efficient end-to-end supply
chain. The main role of the Supply
Planner is to minimize supply chain disruptions, reduce costs, contribute to
the formulation of supply planning strategies, and meet customer demands.
ESSENTIAL FUNCTIONS
Supply Planning
- Review and analyze rolling demand forecast vs supply plan to understand excess
and constraints and total available & incoming supply purchases made by the
vendor and provide recommendation to avoid stock outs.
- Create a supply plan ensuring compliance to agreed forward cover (days to
last (DTL), months to last (MTL)) which supports Demand forecast requirements.
- Review forecast vs. actual dispatches (issuance) and understand drivers
to improve forecast accuracy and supply planning assumptions.
- Provide scenario planning, determining risks and developing mitigation
plans in alignment to demand requirements.
- Analyze long-term strategic requirements and partners with vendor to
develop a support plan to ensure supply availability particularly for new
stores and new products introduced to the market and to understand implications
to current supply network. Creates a
strategy in partnership with other functions to ensure the entire supply chain
network supports long-term requirements.
- Update supply purchase plan based on latest demand forecast and execute plan
after approval.
- Raise supply orders (e.g. Purchase Orders, Stock Transfer Orders) in
compliance to standard procurement processes.
- Monitor supply orders in partnership with Logistics and reviews all open
Purchase Orders in the system and works with the appropriate stakeholders for
proper disposition.
- Regularly review with vendor and propose (as needed) updates in Forward
Cover assumptions to buffer against demand variability and supply chain
disruptions.
Inventory Management
- Monitor and Analyze inventory to maintain optimal stock levels, reduce
excess inventory and minimize stock-outs in-house/external warehouse and Supplier’s
Distribution Center.
- Partner with Marketing and the business unit to develop programs to
liquidate non-moving and near-expiring inventories to avoid or reduce write-offs.
- Monitor total value of inventory vs budget and look for opportunities to
reduce working capital including write-offs.
- Work with Logistics to ensure availability of warehouse space to receive
incoming deliveries (import or local)
- Recommend with Distribution Center transfers to ensure availability of
supply and avoid stock outs.
- Work with vendor to identify mitigation plans in the event of constraints
to meeting the forecast.
- Identify high risk inventory items and work with vendor and internal
stakeholders (e.g. R&D, Procurement) to qualify substitute products to
avoid stockouts in the case of any supply disruption.
Supplier Coordination
- Work closely with suppliers (local, overseas) to ensure timely delivery
of materials and products.
- Communicate any changes in demand or supply plans to suppliers to
minimize disruptions.
- With Procurement, build strong relationships with key suppliers to help
negotiate favorable terms and resolve any issues encountered promptly.
Modeling, Data Analysis & Reporting
- Prepare reports on available inventory, constraints, risks &
opportunities, non-moving & near-expiring inventories, proposed action
plans, and key performance indicators for reporting in the Supply Review
Meeting
- Continuously refine supply models to improve overall planning accuracy
and efficiency. Build new or additional
supply planning tools (planning models, dashboards, etc.) as needed.
- Ensure input sources are regularly updated and data assumptions properly
maintained.
- Analyze supply chain data to identify trends, risks and opportunities for
improvement.
- Leverage on available third-party software to build inventory reports
pulled from vendor’s data to help analyze inventory position versus usage and
forecast.
- Monitor performance against
agreed key performance indicators (KPI), identify issues and challenges and
agree on action plans for resolution
Cross-Functional Collaboration
- Partner with Procurement, Logistics (Import/Export) to ensure seamless
execution of supply plans i.e. ensuring timely contracting with vendors,
partnering with import/export to monitor shipments and with warehouse to
confirm delivery and receipt of incoming deliveries.
- Based on inventory analysis, partner with R&D and Procurement to
develop substitute products for fast moving items with risk of stock outs or
items with supplier issues
- Hold periodic vendor reviews to discuss performance metrics, raise and
address issues and challenges encountered.
- Be the Supply Chain representative in other cross-functional business
unit meetings (e.g. new store openings, new product introductions) to align on
business objectives, report supply readiness and raise any supply chain
challenges. Provide feedback to vendor
for any changes that affects the forecast.
- Work with Procurement and R&D to fast track the evaluation and
qualification of substitutes for identified high risk supply items.
Risk Management
- Drive regular review of inventory policies and partner with the Business
Unit (BU) to adjust forward covers (safety stock levels) in alignment to
forecast and usage.
- Provide feedback on supplier performance to Procurement and partner to
identify risk areas in supplier pool.
- Develop supply contingency plans, particularly on critical items by
working with necessary stakeholders to create alternative sourcing strategies,
dual sourcing or increasing forward covers to ensure supply remains available
against unforeseen events.
- Co-develop with vendor supply contingency plans, particularly on critical
items by creating alternative sourcing strategies, dual sourcing or increasing
forward covers to ensure supply remains available against unforeseen events.
COMMON KEY RESULT AREAS (KRA) if any: