Sr. Raw Material Planner

IFF • Memphis, TN

2d

About The Position

The Sr. Raw Material Planner serves as a strategic business partner responsible for ensuring optimal material supply while driving financial performance through data-driven analysis and cost optimization. This role combines advanced supply chain planning with comprehensive financial analysis to support uninterrupted production, maximize profitability, and deliver best-in-class customer service. The position requires an analytical professional who can translate complex data into actionable financial insights and strategic recommendations.

Requirements

• Bachelor's degree in Engineering, Supply Chain Management, Finance, Business Administration, or related analytical field
• 4-6 years of experience in supply chain planning, financial analysis, or operations management
• Demonstrated experience in cost analysis, financial modeling, and budget management
• Advanced proficiency in Microsoft Excel including financial modeling, pivot tables, and statistical analysis
• Experience with ERP systems (SAP preferred) and advanced planning systems (APO/MRP)
• Strong knowledge of financial principles including cost accounting, inventory valuation, and working capital management
• Proficiency in data analysis tools and statistical software (SQL, Power BI, or similar preferred)
• Understanding of procurement processes, supplier management, and contract negotiations
• Exceptional analytical and quantitative skills with ability to derive insights from complex datasets
• Strong financial acumen with experience in cost-benefit analysis and ROI calculations
• Excellent business communication skills with ability to present financial analysis to diverse audiences
• Proven ability to work effectively under pressure and manage competing priorities
• Strategic thinking capability with focus on continuous improvement and cost optimization
• Detail-oriented approach with strong problem-solving and decision-making abilities

Nice To Haves

• APICS Supply Chain Operations Reference (SCOR) certification
• APICS Certified Supply Chain Professional (CSCP) or similar supply chain certification
• Six Sigma Green Belt or equivalent process improvement certification
• Advanced Excel or data analysis certification
• Experience with commodity markets and raw material pricing trends
• Background in manufacturing environment with understanding of production planning
• Previous experience in supplier negotiations and contract management

Responsibilities

• Supply Chain Planning & Optimization: · Develop and execute both short-term and long-term material plans that align supply and demand while optimizing working capital and inventory investment
• Establish and maintain optimal inventory levels that balance service levels, carrying costs, and obsolescence risk
• Proactively identify and resolve material shortages while minimizing expediting costs and production interruptions
• Collaborate with local material coordinators and site supply chain managers to ensure seamless daily operations Financial Analysis & Decision Support
• Conduct comprehensive cost analysis including total cost of ownership, landed costs, and supplier price benchmarking
• Develop and maintain financial models for forecasting material costs, inventory valuation, and budget variance analysis
• Perform detailed ROI analysis and financial justification for material sourcing decisions, supplier changes, and inventory optimization initiatives
• Analyze lead time trends and their financial impact on inventory carrying costs, stockout risks, and customer service levels
• Create detailed cost comparison reports for alternative materials, suppliers, and sourcing strategies
• Monitor and report on key financial metrics including inventory turns, days of supply, and material cost variance Strategic Planning & Forecasting
• Lead statistical analysis of demand patterns, seasonal trends, and market fluctuations to improve forecast accuracy
• Conduct sensitivity analysis and scenario planning for material cost impacts on product profitability
• Support annual budgeting and quarterly forecasting processes with detailed material cost projections Stakeholder Management & Process Improvement
• Facilitate cross-functional collaboration meetings with stakeholders and vendors to review forecasts, purchase orders, and cost optimization opportunities
• Present financial analysis and recommendations to leadership team for material-related capital investments and strategic decisions
• Design and implement analytical tools and dashboards to enhance planning efficiency and financial visibility
• Drive continuous improvement initiatives focused on reducing material costs, improving forecast accuracy, and optimizing inventory levels

Benefits

• Our comprehensive benefits package includes competitive compensation, performance-based incentives, comprehensive health coverage, retirement planning, and extensive professional development opportunities.
• You'll have access to advanced training programs, cross-functional project opportunities, and clear pathways for career advancement within our global organization.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level