Business Analyst -New Product Market

We are seeking a highly analytical and detail-oriented Business Analyst/Demand Planner to join our dynamic team, focused on a new product line and development.

KEY RESPONSIBILITIES:

• Utilize advanced statistical methods to analyze and forecast demand patterns, aligning distribution strategies with operational objectives.
• Conduct thorough demand analysis using historical sales data, market trends, and industry insights to generate accurate forecasts.
• Develop raw material purchase projections (3-6 months) that align with production schedules and minimize excess inventory.
• Lead the Material Requirements Planning (MRP) project ensuring accurate procurement and timely availability of raw materials.
• Continuously monitor MRP outputs and adjust planning parameters to reflect changes in demand, lead times, and inventory levels.
• Manage and optimize inventory levels to prevent stockouts or overstock situations, ensuring continuous production and minimizing holding costs.
• Implement best practices in inventory management, including just-in-time (JIT) and safety stock strategies, tailored to business needs.
• Develop and maintain key performance indicators (KPIs) to assess the effectiveness of supply chain operations, logistics efficiency, and demand planning accuracy.
• Regularly report on KPIs to senior management, providing insights and recommendations for process improvements.
• Oversee the procurement process, including the reception of orders from various departments, supplier negotiation, and order regularization.
• Maintain strong relationships with suppliers to ensure timely delivery of high-quality materials and services, managing the end-to-end purchasing process.
• Identify opportunities for process improvement in inventory management, procurement, and distribution.
• Lead cross-functional teams to implement process enhancements that drive efficiency, reduce costs, and improve overall business performance.
• Prepare detailed reports, including demand forecasts, inventory status, procurement activities, and distribution efficiency.
• Use data analysis tools to consolidate information from various sources, providing actionable insights to support strategic decision-making.
• Collaborate with sales, production, logistics, and finance teams to ensure alignment of demand planning with overall business strategies.
• Act as the primary point of contact for demand-related inquiries and coordinate with relevant stakeholders to resolve issues promptly.
• Ensure all procurement and inventory management processes are documented and comply with company policies and industry regulations.
• Maintain accurate records of purchase orders, invoices, and inventory transactions, facilitating audits and financial reporting.