Demand Planning Analyst Job Description [Updated for 2025]

In an era driven by data, the focus on demand planning analysts has never been sharper.

As business forecasting advances, the demand for skilled individuals who can strategize, manage, and secure our inventory planning grows stronger.

But let’s delve deeper: What’s really expected from a demand planning analyst?

Whether you are:

• A job seeker aiming to understand the core of this role,
• A hiring manager drafting the perfect candidate profile,
• Or simply fascinated by the dynamics of demand planning,

You’re in the right place.

Today, we present a customizable demand planning analyst job description template, designed for easy posting on job boards or career sites.

Let’s dive right into it.

Demand Planning Analyst Duties and Responsibilities

Demand Planning Analysts are responsible for evaluating and predicting future inventory and product needs based on sales forecasts, while also supporting the operational efficiency of a company.

Their role requires a strong understanding of supply chain processes, data analysis, and forecasting methods.

Here are the main duties and responsibilities of a Demand Planning Analyst:

• Analyze historical sales trends, research demand drivers, and evaluate forecast results
• Coordinate cross-functional efforts to refine the company’s forecast and supply plan
• Use statistical forecasting models to predict future sales and inventory needs
• Develop and execute inventory strategies on existing items, new products, and product phase-outs
• Collaborate with supply chain, sales, marketing, and finance teams to achieve optimal demand forecast accuracy
• Present, solicit, and assess feedback on the various forecasts from sales, marketing, and finance
• Ensure timely and accurate entry of demand forecasts into the company’s planning system
• Monitor SKU levels and provide input on the development and realization of inventory plans
• Prepare and maintain relevant reports pertaining to demand planning process

 

Demand Planning Analyst Job Description Template

Job Brief

We are looking for a detail-oriented Demand Planning Analyst to assist in all demand planning duties including estimating future product demand, analyzing inventory flow, and developing forecast models.

The responsibilities of a Demand Planning Analyst include maintaining accurate record of inventory and stock control systems and ensuring that demand forecasts are accurate and reliable.

Ultimately, the role of the Demand Planning Analyst is to ensure that our company’s operations are timely, efficient, and cost-effective.

 

Responsibilities

• Develop effective forecast models based on industry trends and demand patterns
• Support management with risk assessments and mitigation activities
• Propose and implement solutions to improve demand forecast accuracy
• Successfully communicate forecast and inventory estimations to management
• Monitor and report on important changes in sales forecasts, budgets, and business strategies
• Conduct monthly forecast maintenance
• Address demand-related issues in a timely and effective manner
• Liaise with department managers to ensure smooth and most cost-effective production plans

 

Qualifications

• Proven experience as a Demand Planning Analyst
• Good understanding of market dynamics and sound business judgement
• Ability to generate, analyze and interpret data
• Proficiency in statistical analysis and statistical packages
• Strong organizational and planning skills
• Excellent written and verbal communication skills
• BSc/BA in Business, Logistics or relevant field
• APICS certification is a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Demand Planning Analyst
• Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
• Reporting Structure: Reports to the Demand Planning Manager or Operations Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $62,000 minimum to $98,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Demand Planning Analyst Do?

Demand Planning Analysts typically work in industries such as manufacturing, retail, or any field that requires extensive supply chain management.

They may also work as independent consultants providing services to various companies.

Their primary role is to forecast the demand for products or services within an organization using historical data, statistical analysis, and market research.

This helps in the efficient planning of procurement, production, and inventory control to meet customer demands and maximize sales.

They closely work with other teams like sales, marketing, and operations to understand promotional activities, market trends, and production capacity, respectively.

This cross-functional collaboration aids in making accurate and realistic forecasts.

Demand Planning Analysts also monitor and adjust forecasts based on actual sales data and changing market conditions.

They are responsible for identifying and resolving any discrepancies or inaccuracies in the forecast data.

Another crucial part of their job is to prepare and present demand forecast reports to the management team, highlighting any risks or opportunities.

They also provide recommendations for improving forecasting accuracy and efficiency.

In summary, a Demand Planning Analyst plays a key role in an organization’s supply chain management by ensuring that product availability aligns with customer demand.

 

Demand Planning Analyst Qualifications and Skills

A proficient Demand Planning Analyst should exhibit the following qualifications and skills to effectively perform in their role:

• Strong analytical and forecasting skills to identify trends, patterns and potential issues in the demand plan.
• Proficiency in statistical analysis and data interpretation to provide accurate demand forecasts.
• Advanced Excel skills and familiarity with demand planning software tools to manage large datasets and create accurate reports.
• Excellent communication skills to clearly convey complex data to stakeholders and to collaborate effectively with cross-functional teams.
• Detail-oriented with strong organizational skills to manage multiple projects and timelines simultaneously.
• Problem-solving capabilities to address and resolve discrepancies or issues that arise in the demand forecasting process.
• Understanding of supply chain management principles to integrate effectively with procurement and production planning processes.
• Ability to work under pressure and meet tight deadlines, ensuring the accuracy and timeliness of demand planning data.

 

Demand Planning Analyst Experience Requirements

Entry-level Demand Planning Analysts may typically have 1 to 2 years of experience, often gained through relevant internships, part-time roles, or graduate programs in demand planning, supply chain management, or related fields.

These professionals also acquire experience through roles such as Inventory Analyst, Supply Chain Analyst, or other roles that require substantial data analysis and forecasting.

Candidates with 3 to 5 years of experience usually have honed their skills and knowledge in demand planning or supply chain roles, having worked extensively with statistical analysis, demand planning software, and ERP systems.

They also often have experience in developing and executing demand forecasts, inventory management, and collaborative planning.

Demand Planning Analysts with more than 5 years of experience are likely to have developed leadership skills and may have overseen junior analysts or managed cross-functional projects.

They may be equipped to handle senior roles, strategic planning, and complex demand forecasting.

Moreover, a seasoned Demand Planning Analyst may have experience in process improvement, project management, and have a deep understanding of market trends and their impact on demand planning.

 

Demand Planning Analyst Education and Training Requirements

Demand Planning Analysts typically hold a bachelor’s degree in business administration, operations management, supply chain management, statistics, or a related field.

They need a strong background in data analysis, and familiarity with forecasting models and data analysis software such as Excel, SQL, and others.

Some positions may require Demand Planning Analysts with a master’s degree in business administration, supply chain management, or a specialized analytics discipline.

Understanding of supply chain processes, sales forecasting and inventory management is often preferred.

Many candidates choose to earn professional certification, such as Certified Professional in Demand Planning (CPDF) or other relevant supply chain and operations management qualifications.

Having a master’s degree and/or certification can indicate a candidate’s dedication to their career and their commitment to continual professional development.

Practical experience in demand planning or a similar role in the supply chain sector can also be a significant advantage.

 

Demand Planning Analyst Salary Expectations

The average salary for a Demand Planning Analyst is $73,456 (USD) per year.

The actual income may vary based on factors such as experience, skills, the size and industry of the employing organization, and location.

 

Demand Planning Analyst Job Description FAQs

What skills does a Demand Planning Analyst need?

Demand Planning Analysts should have strong analytical and data interpretation skills, as they will regularly analyze large sets of data to determine demand forecasts.

They should also possess excellent communication skills to effectively relay their findings and suggestions to other departments.

Knowledge in supply chain management and proficiency in demand planning software are also crucial.

 

Do Demand Planning Analysts need a degree?

Most Demand Planning Analyst positions require at least a bachelor’s degree in business, economics, finance, statistics, or related fields.

Some employers may prefer candidates with a master’s degree or relevant certifications in supply chain management or data analysis.

Work experience in related roles is often highly valued.

 

What should you look for in a Demand Planning Analyst resume?

Look for evidence of strong analytical skills, experience with relevant software systems, and a proven track record in demand forecasting or supply chain management.

It’s also beneficial if the candidate has experience in the specific industry your company operates in.

Relevant certifications and academic qualifications should also be present.

 

What qualities make a good Demand Planning Analyst?

A good Demand Planning Analyst has a keen eye for detail and the ability to spot trends and patterns in large data sets.

They are also proactive, able to anticipate changes in demand and provide recommendations to avoid potential issues.

Excellent problem-solving skills, coupled with the ability to communicate complex information in a clear and concise manner, are also hallmarks of a good Demand Planning Analyst.

 

Is it challenging to hire Demand Planning Analysts?

Hiring Demand Planning Analysts can be challenging due to the specialized nature of the role.

It requires a unique combination of skills, including strong analytical abilities, understanding of supply chain management, and proficiency in relevant software.

Therefore, finding candidates that meet all these requirements can be difficult, making it a highly competitive field.

 

Conclusion

So, there you have it.

Today, we’ve unveiled the intricacies involved in being a demand planning analyst.

And guess what?

It’s not just about forecasting and planning.

It’s about shaping the future of supply chain, one data-driven decision at a time.

With our comprehensive demand planning analyst job description template and real-world examples, you’re well prepared to take the next step.

But why stop there?

Delve further with our job description generator. It’s your ideal partner for crafting precision-focused listings or honing your resume to a tee.

Remember:

Every data point and prediction contributes to the larger goal.

Let’s create that future. Together.

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