Yoyo Foods

Description:1. Forecast Accuracy (FA)Formula: |(Forecast Actual) / Actual| 100Purpose: Measures how accurately demand is predicted.Target: 85% accuracy (depends on product category).2. Forecast BiasFormula: (Forecast Actual)Purpose: Identifies consistent over-forecasting or under-forecasting trends.Target: Close to zero (balanced forecast).3. Inventory TurnoverFormula: Cost of Goods Sold / Average InventoryPurpose: Measures how efficiently inventory is managed.Target: Higher turnover indicates better inventory management.4. Customer Service Level (CSL)Formula: (Orders Fulfilled / Orders Received) 100Purpose: Measures product availability against customer demand.Target: 95%.5. Stock-Out RateFormula: (Stock-Out Incidents / Total Demand) 100Purpose: Tracks lost sales opportunities due to lack of stock.6. Slow-Moving and Obsolete (SLOB) Inventory %Purpose: Tracks the proportion of non-moving or expired stock.7. Demand Plan AdherencePurpose: Evaluates how closely execution (production/supply) follows the demand plan.8. Forecast Value Add (FVA)Purpose: Measures the effectiveness of forecast adjustments vs. statistical baseline.Demand Planner Job Description (JD):Position Title: Assistant Demand Planning Manager / Demand Planning and S&OP LeaderDepartment: Supply Chain / PlanningKey Responsibilities:- Develop and maintain the monthly demand forecast by product, customer, and region.- Analyze historical sales trends, seasonality, and market intelligence to improve forecast accuracy.- Conduct S&OP (Sales & Operations Planning) meetings with sales, marketing, and production teams.- Monitor forecast accuracy and bias, and take corrective actions.- Collaborate with the supply planning team to align production and inventory with demand.- Manage and report KPI dashboards (forecast accuracy, service level, inventory days).- Support new product introductions with demand assumptions and rollout planning.- Identify risks and opportunities in the demand plan and recommend mitigation strategies.- Conduct S&OP (Sales & Operations Planning) meetings with sales, marketing, and production teams.- Monitor forecast accuracy and bias, and take corrective actions.- Collaborate with the supply planning team to align production and inventory with demand.- Manage and report KPI dashboards (forecast accuracy, service level, inventory days).- Support new product introductions with demand assumptions and rollout planning.- Identify risks and opportunities in the demand plan and recommend mitigation strategies.- Ensure data integrity in the planning system (SAP, O9, APO, or Excel-based models).Required Skills and Qualifications:- Bachelors degree in Supply Chain, Business, or Industrial Engineering.- 3-5 years of experience in demand planning or forecasting.- Strong analytical and Excel/ERP system skills.- Good communication and cross-functional coordination abilities.- Knowledge of S&OP processes and statistical forecasting methods is an advantage. (ref:iimjobs.com)