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Demand planners conduct merchandising project reviews looking for their promotional effectiveness and perform competitive pricing analysis and review of merchandising strategy. They manage and prioritize steps for execution, inventory, or shipments based on customer specifications and available parts.

The goal of your demand management process is to understand the market and the demand chain first, and then develop an operational strategy to meet the market where it is. Once you have your demand strategies, you can create project portfolios and use portfolio management to execute them.

Typically, with a bachelors degree in business, supply chain management, or a related field, you might expect to spend 2-4 years gaining relevant experience in roles such as inventory management, analytics, or operations before transitioning into demand planning.

Demand planning seeks to achieve and maintain an effectively lean supply equilibrium, one in which store inventories contain just as many products as demand dictates, but no more. Finding that perfect balance that exists between sufficiency and surplus can prove especially tricky.

At the inception of Demand Planning in the organization, some important fundamental decisions must be made regarding the input data, such as what data belongs in the time series; the structure of the data; the means of data collection; and the timing and frequency of updating the data.

Get an Entry-Level Position as a Demand Planner Once youve acquired a Bachelors Degree in Business or a related field, youll typically begin your career as an entry-level Demand Planner. In general, you can become a Demand Planner after completing your 4 year Bachelors Degree in a related discipline.

12 Professional Goal Examples for Demand Planners Enhance Forecasting Accuracy. Expand Knowledge of Supply Chain Analytics. Lead a Demand Planning Process Improvement Initiative. Develop Cross-Functional Collaboration Skills. Master Inventory Optimization Techniques. Cultivate Advanced Statistical and Quantitative Skills.