Demand Planning Manager Salary
|Salary||$60,230 - $117,065|
|Bonus||$1,964 - $15,358|
|Profit Sharing||$1,677 - $12,924|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$61,069 - $126,865|
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. (Copyright 2017 PayScale.com)
Demand Planning Manager Tasks
- Develop and implement demanding planning systems to meet goals or objectives.
- Present on how the demanding planning process improves turn over and inventory results.
- 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.
Demand Planning Manager Job Listings
Popular Skills for Demand Planning Manager
Survey results show that Demand Planning Managers use a fair number of skills. Most notably, skills in Strategic Planning, Forecasting, Data Analysis, and Inventory Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Materials Requirement Planning. For most people, competency in Data Analysis indicates knowledge of Inventory Management.
Pay by Experience Level for Demand Planning Manager
Pay by Experience for a Demand Planning Manager has a positive trend. An entry-level Demand Planning Manager with less than 5 years of experience can expect to earn an average total compensation of $76,000 based on 94 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Demand Planning Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $97,000 based on 134 salaries. An experienced Demand Planning Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 123 salaries. A Demand Planning Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $101,000 based on 35 salaries.
Pay Difference by Location
For Demand Planning Managers, working in the bustling city of San Jose has its advantages, including an above-average pay rate. Demand Planning Managers will also find cushy salaries in San Francisco (+34 percent), Minneapolis (+32 percent), Irvine (+18 percent), and Chicago (+14 percent). Demand Planning Managers in Baltimore report much lower salaries than the rest of the country — 21 percent below the national average — proving that residence is a major factor in overall pay.
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Key Stats for Demand Planning Manager
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