Instagram Stories slider with Swiper

#TakeCharge with #Aimshala

Home>Explore Career>Retail Demand Planner

How make a career in Retail Demand Planner

A career as a Retail Demand Planner in the healthcare industry is essential for ensuring that medical supplies, pharmaceuticals, and other healthcare products are available when and where they are needed. To pursue this career path, individuals typically require a solid academic background in supply chain management, business, or a related field. A bachelor's degree is essential, and many professionals enhance their qualifications with certifications in demand planning or inventory management. Gaining practical experience through internships or roles in supply chain management is crucial for employability. Networking within the healthcare sector and staying informed about industry trends and technologies are also important. With the right education, experience, and passion for logistics, one can build a rewarding career as a Retail Demand Planner.

Career in Retail Demand Planner

Typically, a bachelor's degree in supply chain management, business administration, or a related field is required, with advanced certifications often preferred.

Key skills include analytical thinking, forecasting, data analysis, and strong communication skills, which are vital for coordinating with suppliers and stakeholders.

Retail Demand Planners usually work in office environments, collaborating with teams and utilizing software tools to analyze data and forecast needs.

Salaries vary widely based on experience, education, and location, with entry-level positions starting around $60,000 and experienced professionals earning over $100,000 annually.

Related careers include Supply Chain Analyst, Inventory Manager, and Procurement Specialist, each focusing on different aspects of supply chain and demand management.

What are the roles and responsibilities in Retail Demand Planner?

  • Forecasting Demand : Retail Demand Planners analyze historical sales data and market trends to forecast future demand for healthcare products.
  • Inventory Management : They manage inventory levels to ensure that healthcare products are available without overstocking, which can lead to waste.
  • Collaboration with Suppliers : Retail Demand Planners work closely with suppliers to ensure timely delivery of products and resolve any supply chain issues.
  • Data Analysis : They analyze data from various sources to make informed decisions regarding stock levels and purchasing strategies.
  • Reporting and Communication : Retail Demand Planners communicate findings and forecasts to stakeholders, including sales teams and management.

What education is required to study Retail Demand Planner

Check out the dates of the total number of candidates who have appeared in the CUET 2022 exam from the below table.

Stream

Graduation

After Graduation

After Post Graduation

Path 1

Completion of high school with a focus on mathematics, statistics, and economics.

Bachelor of Science in Supply Chain Management, Business Administration, or related fields.

Master's degree in Supply Chain Management or an MBA with a focus on operations.

Certifications such as Certified Supply Chain Professional (CSCP) or Certified in Planning and Inventory Management (CPIM).

Path 2

Completion of high school with emphasis on business studies or vocational training.

Bachelor's degree in Business Management or Logistics.

Master's degree in Logistics and Supply Chain Management.

Certifications in specialized areas such as demand planning or inventory management.

Feeling unsure about
your future?

Let's find the perfect career path for you!
with AI-powered career guidance

Take Charge

What are the key skills required for Retail Demand Planner

  • Analytical Skills - These skills are crucial for interpreting data and making informed decisions based on sales forecasts and market analysis.
  • Communication Skills - Effective communication is vital for sharing insights and forecasts with team members and stakeholders.
  • Forecasting Skills - The ability to predict future product demand based on historical data and market trends is essential for success.
  • Technical Skills - Proficiency with demand planning software and data analysis tools is important for conducting effective analyses.
  • Project Management Skills - Managing multiple projects and timelines efficiently is key to successful outcomes in demand planning.

What are the career opportunities in Retail Demand Planner?

  • Supply Chain Analyst - Supply Chain Analysts focus on analyzing and improving supply chain processes to enhance efficiency.
  • Inventory Manager - Inventory Managers oversee stock levels and ensure that products are available to meet demand without excess.
  • Procurement Specialist - Procurement Specialists manage purchasing processes and supplier relationships to secure necessary products.
  • Logistics Coordinator - Logistics Coordinators handle the transportation and distribution of products to ensure timely delivery.
  • Operations Manager - Operations Managers oversee the entire supply chain process, ensuring efficiency and cost-effectiveness.

What is the salary and demand for Retail Demand Planner?

  • Salary Overview - The typical salary for Retail Demand Planners ranges from $60,000 for entry-level positions to over $100,000 for experienced professionals, with variations based on education and location.
  • Regional Salary Variations - Salaries can vary significantly by region; for example, Retail Demand Planners in urban areas or regions with high healthcare demand may earn more than those in rural settings.
  • Current Job Market Demand - The demand for Retail Demand Planners is increasing due to the growing complexity of supply chains in the healthcare sector.
  • Future Demand Projections - Future demand for Retail Demand Planners is expected to rise as healthcare organizations seek to optimize inventory and improve service levels.

Leading companies for careers in Retail Demand Planner

McKesson Corporation

Cardinal Health

AmerisourceBergen

Walgreens Boots Alliance

CVS Health

Thermo Fisher Scientific

Roche

Johnson & Johnson

What are the best colleges for Retail Demand Planner in India?

Undergraduate

College

Location

Website

Indian Institute of Management

Ahmedabad

 https://www.iima.ac.in

National Institute of Industrial Engineering

Mumbai

 https://www.nitie.edu

Indian Institute of Technology

Kharagpur

 https://www.iitkgp.ac.in

Jamnalal Bajaj Institute of Management Studies

Mumbai

 https://www.jbims.edu

SP Jain School of Global Management

Mumbai

 https://www.spjain.org

Postgraduate

College

Location

Website

Indian Institute of Management

Bangalore

 https://www.iimb.ac.in

National Institute of Industrial Engineering

Mumbai

 https://www.nitie.edu

Indian School of Business

Hyderabad

 https://www.isb.edu

Tata Institute of Social Sciences

Mumbai

 https://www.tiss.edu

XLRI Xavier School of Management

Jamshedpur

 https://www.xlri.ac.in

What are the best colleges for Retail Demand Planner in Abroad?

College

Location

Website

Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts, USA

 https://www.mit.edu

Stanford University

Stanford, California, USA

 https://www.stanford.edu

University of Pennsylvania (Wharton)

Philadelphia, Pennsylvania, USA

 https://www.wharton.upenn.edu

London Business School

London, United Kingdom

 https://www.london.edu

INSEAD

Fontainebleau, France

 https://www.insead.edu

What are the top entrance exams in India for pursuing a career in Retail Demand Planner

College

Tentative Date

UG/PG

Important Elements

Website

Indian Institute of Management

January

Postgraduate

Management Aptitude, General Knowledge, and English.

 https://www.iima.ac.in

National Institute of Industrial Engineering

February

Postgraduate

Quantitative Aptitude, Data Interpretation, and General Knowledge.

 https://www.nitie.edu

Indian School of Business

November

Postgraduate

Verbal Ability, Analytical Writing, and Quantitative Skills.

 https://www.isb.edu

XLRI Xavier School of Management

December

Postgraduate

General Knowledge, English Language, and Business Knowledge.

 https://www.xlri.ac.in

University of Pennsylvania (Wharton)

March

Postgraduate

GMAT scores, Analytical Skills, and Business Knowledge.

 https://www.wharton.upenn.edu

Pros & Cons of a Career in Retail Demand Planner

Pros

  • Retail Demand Planners play a vital role in ensuring the availability of essential healthcare products, making their work impactful.
  • The field offers competitive salaries, especially for those with advanced degrees and certifications.
  • Professionals in this field contribute to improving healthcare delivery and efficiency through effective supply chain management.
  • The career provides opportunities for continuous learning and advancement in a dynamic and evolving industry.

Cons

  • The job can be demanding with tight deadlines, especially during peak demand periods.
  • Some roles may require extensive collaboration with various departments, which can be challenging.
  • Market fluctuations and supply chain disruptions can lead to stress and uncertainty in demand planning.
  • The work can sometimes be isolating, particularly when focusing on data analysis and forecasting tasks.

Did you find this information helpful? 

Report

0 out of 0 found this helpful

Is (Career Name) a Good Career Choice for You?

Assess Your Career Fit Now

Take Charge

Is (Career Name) a Good Career Choice for You?

Assess Your Career Fit Now

Take Charge