Product Forecasting and Planning Manager
5 days ago
Job Title: Product Forecasting and Planning Manager
Overview:
Jamjoom Pharma is seeking an experienced Product Forecasting and Planning Manager to join our team. As a key member of our supply chain department, you will be responsible for developing and executing accurate demand forecasts for pharmaceutical products and managing inventory levels to meet customer demands.
Duties and Responsibilities:
- Demand Forecasting:
- Develop and maintain accurate demand forecasts for pharmaceutical products using statistical modeling, historical data analysis, market trends, and input from Sales, Marketing, Supply Chain, and Finance teams.
- Refine forecasting methodologies and models to improve accuracy and responsiveness to market changes.
- Conduct regular forecast review meetings with relevant stakeholders to discuss potential risks and opportunities.
- Inventory Management:
- Determine optimal inventory levels for each product considering demand forecasts, lead times, storage capacity, and service level targets.
- Develop and implement inventory control policies and procedures to minimize stockouts and excess inventory.
Requirements:
- Bachelor's degree in pharmacy, Science, Supply Chain Management, Business Administration, Statistics, or a related field.
- Proven experience (typically 5+ years) in demand forecasting and inventory management preferably in the pharmaceutical industry.
- Strong understanding of forecasting methodologies, inventory management principles, and supply chain processes.
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