Demand Planning Manager
Career Area: Business Management and Operations
Occupation Group: Logistics and Supply Chain Managers
Salary
Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.
An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.
A typical Demand Planning Manager earns the following wages (national and state):
State
The average salary in North Carolina for those pursuing this career is $88,460
National
The average salary in the United States for those pursuing this career is $91,158
What Does a Professional in this Career Do?
Manages demand planning and produces customer and product forecasts. Researches and analyzes sales trends and other factors related to demand planning, and manages forecasting processes and reporting.
Employment Trends
The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.
Job demand and job growth is expected at the following rates:
| Location | Growth | |
|---|---|---|
| North Carolina | 83 | +7.2% |
| Nationwide | 2864 | +5.6% |
Skills
A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:
Baseline Skills
The following are baseline skills every Demand Planning Manager is expected to have in order to experience success in this field:
- Planning: Working experience with the process of thinking about and organizing the activities required to achieve desired goals.
- Communication Skills: The ability to convey information to another effectively and efficiently.
- Teamwork / Collaboration: Experience working in collaborative efforts with a team to achieve a common goal or to complete a task in the most effective and efficient way.
- Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
- Problem Solving: Problem solving consists of using generic or ad hoc methods, in an orderly manner, for finding solutions to problems.
Specialized Skills
These skills are specific to working in this career:
- Demand Planning: Demand planningis a multi-step operational supply chain management (SCM) process used to create reliable forecasts. Effective demand planning can guide users to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product.
- Supply Chain Knowledge: A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
- Supply Chain Management: In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
- Logistics: Logistics is generally the detailed organization and implementation of a complex operation.
- SAP: Experience of using SAP, which is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. Business Processes included in SAP ERP are Operations (Sales & Distribution, Materials Management, Production Planning, Logistics Execution, and Quality Management), Financials (Financial Accounting, Management Accounting, Financial Supply Chain Management), Human Capital Management (Training, Payroll, e-Recruiting) and Corporate Services (Travel Management, Environment, Health and Safety, and Real-Estate Management).
Distinguishing Skills
Any Demand Planning Manager that possesses the following skills will stand out against the competition:
- Inventory Optimization: Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.
- Statistical Forecasting: Working experience of Statistical Forecasting, which is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. These might refer to formal statistical methods employing time series, cross-sectional or longitudinal data.
- Global Supply Management: In commerce, Global Supply Chain Management (GSCM) is defined as the distribution of goods and services throughout a trans-national companies' global network in order to maximize profit and minimize waste.
- Supply Chain Coordination: Channel coordination (or supply chain coordination) aims at improving supply chain performance by aligning the plans and the objectives of individual enterprises.
- Supplier Management: The termsupply managementdescribes the methods and processes of modern corporate or institutionalbuying. This may be for the purchasing of supplies for internal use referred to as indirect goods and services, purchasing raw materials for the consumption during themanufacturingprocess, or for the purchasing of goods forinventoryto be resold asproductsin thedistributionandretailprocess.
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills:
- Global Procurement: Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.
Experience
This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.
| Experience Required | % |
| 0 to 2 years | 5% |
| 3 to 5 years | 50% |
| 6 to 8 years | 26% |
Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.
Students who do not have the expected level of experience may wish to look into internship and employment opportunities.
Common Job Titles
It is possible to find work in this field in positions commonly listed as the following job titles:
- Demand Planning Manager
- Supply Chain Manager
- Manager, Demand Planning
- Senior Manager Supply Chain Network Planning Commercial Partnerships Virtual
- Supply Chain Planning Manager
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