Demand Planning Manager Salary
Job Description for Demand Planning Manager
Demand planning managers are generally responsible for making predictions on the amount of merchandise needed for upcoming periods, buying only as much new merchandise as is necessary. They are also responsible for identifying sales trends based on seasons, promotions, and historical sales trends. Individuals with this job title are also often required to lead meetings for inventory and sales forecast personnel to discuss inventory and sales goals. Demand planning managers work with departments representatives, store managers, and other employees in the sales analysis department.Read More...
Employees with this job title often work in an office setting and in backrooms, as this is mostly a position that requires inventory and sales analysis. They generally work full time during regular business hours. A typical day in this position might include leading a meeting to discuss the previous day's operations and goals for the current day, conducting analysis of current and past periods, planning for current and future periods, and preparing forecasting reports.
A bachelor's degree in a business-related field is sometimes required for this position, but this is not always the case. Experience (anywhere from three to eight years) in a similar position is needed. Additionally, the demand planning manager should have strong analytical skills and knowledge of Microsoft Office, SAP, and Oracle. The ability to work independently and the ability to lead and manage groups are needed.
Demand Planning Manager Tasks
- Lead forecasting and inventory planning meetings to assess potential sales forecasts and goals.
- Initiate programs or policies that maximize inventory turns and identify slow moving items in the inventory life cycle.
- Develop and implement demanding planning systems to meet goals or objectives.
- Present on how the demanding planning process improves turn over and inventory results.
Demand Manager Job Listings
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Popular Skills for Demand Planning Manager
Demand Planning Managers report using a pretty varied skill set on the job. Most notably, skills in Strategic Planning, Forecasting, Data Analysis, and Inventory Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel, Materials Requirement Planning, and Inventory Management. It is often found that people who know Data Analysis are also skilled in Inventory Management.
Pay by Experience Level for Demand Planning Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $76K, but folks who have been around for five to 10 years see a markedly higher median salary of $97K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $102K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Demand Planning Managers report making only $100K on average.
Pay Difference by Location
For those looking to make money, Demand Planning Managers in San Jose enjoy an exceptional pay rate, 40 percent above the national average. Demand Planning Managers will also find cushy salaries in Minneapolis (+31 percent), San Francisco (+29 percent), Chicago (+12 percent), and Irvine (+8 percent). Demand Planning Managers in Baltimore take home the lowest salaries, earning a whopping 22 percent less than the national average.