What does the stock planner do?

Any warehouse, factory or even retail stores that usually use stock planner in inventory. The primary responsibility of this work is to predict, monitor and align a list of products or materials that a warehouse, manufacturer or seller keeps in its events. For example,

assume that the planner works for a manufacturing company. Suppose the manufacturer produces leather sandals. The stock planner must first predict the number of leather sandals that expect to be sold daily, weekly, monthly and annual base. Once the stock planner determines, then it must predict how many materials the manufacturer must produce to keep the sandals in the inventory. These materials include skin, rubber soles, suede insert, thread, ornaments, sewing machines and any other materials that the manufacturer needs at hand.

Inventory planner is also responsible for monitoring inventory. Once again, monitoring may include materials for the production of the product, the product itself, or both. AcrossInventory planner for a retail store would not have to predict or watch raw materials like a manufacturer. The retail store would only predict and watch how much stock has a finished product.

Inventory planner monitors materials or products to convert materials or product when it reaches a certain level. This ensures that the manufacturer, warehouse or business always has enough material and product to sell to its customers.

Reconciliation is another duty of inventory planner. As the materials get used to and the products move in and out of the warehouse, production plant or retail store, the level of stocks changes. The stock planner regularly checks to ensure that the amount that the computer says is in stock corresponds to what is real in the inventory. It usually requires the stock planner manually calculate the stocks and products sitting on the shelves of stocks and repairThey see this amount called the computer system.

When the stock level reaches a level where multiple materials or products are required, some stock planners order materials and products to return the stock level to the minimum amount they hold at hand. Other stock planners work with companies to let them know which materials or products need to be ordered and invent.