Material Planner
Company Name Private
Job Description
Job Description
Position Summary
The Material Planner is responsible for ensuring the timely availability of raw materials, packaging, components, and other production-related inventory to support manufacturing and customer demand. This role coordinates with procurement, production, suppliers, and logistics teams to maintain optimal inventory levels, minimize shortages, and support on-time delivery while controlling inventory costs.
Key Responsibilities
- Develop and maintain material requirements plans (MRP) based on production schedules, forecasts, and customer demand.
- Monitor inventory levels and proactively identify risks related to shortages, excess inventory, or obsolescence.
- Create and manage purchase requisitions and coordinate with procurement teams for material replenishment.
- Collaborate with suppliers to ensure timely delivery of materials and resolve supply issues.
- Review and analyze demand forecasts, production plans, and inventory reports to support planning decisions.
- Track supplier performance, lead times, and material availability.
- Expedite critical materials when necessary to prevent production disruptions.
- Maintain accurate planning parameters, lead times, safety stock levels, and item master data within ERP systems.
- Partner with production, warehouse, procurement, and customer service teams to align material availability with operational requirements.
- Participate in inventory management activities, including cycle counts and inventory accuracy initiatives.
- Support continuous improvement efforts focused on inventory optimization, supply chain efficiency, and cost reduction.
Education, Experience, Skills
- Bachelor's degree in Supply Chain Management, Business, Operations Management, Logistics, or a related field preferred.
- Equivalent combination of education and experience may be considered.
- 2-5 years of experience in material planning, production planning, inventory management, supply chain, or procurement.
- Experience in a manufacturing environment preferred.
- Experience working with ERP/MRP systems
- Strong analytical and problem-solving skills.
- Proficiency in inventory management and material planning concepts.
- Advanced Microsoft Excel skills.
- Ability to interpret demand forecasts and production schedules.
- Strong organizational and time management skills.
- Excellent communication and cross-functional collaboration abilities.
- Attention to detail and high level of accuracy.
- Ability to work effectively in a fast-paced manufacturing environment.
Key Performance Indicators (KPIs)
- Material availability to support production
- Inventory turns
- Inventory accuracy
- Supplier on-time delivery performance
- Material shortage incidents
- Production schedule adherence
- Excess and obsolete inventory levels
- Working capital and inventory cost management
$69.74k - $91.31k
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