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The Inventory Planner is accountable for managing/shaping forecasts and inventory as well as all supply components for a group of retail products to ensure Store and DC service levels achieve targets. The Inventory Planner will execute business plans that achieve enterprise goals including sales, margin, in-stock, turn, fill rate, customer satisfaction, GMROII, receipts and EOP. This person will be working collaboratively with cross- functional, internal, and external partners to deliver results and ensure outcomes.
Job Responsibility:
Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast
Develop and maintain promotional, seasonal and event forecasts
Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence
Works with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand
Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast
Use input from the analytics team to determine appropriate forecast models and parameter settings
Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets
Develop actionable plans to meet financial and inventory goals
Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module
Generate and analyze inventory and service level performance reports
Manage/resolve stock-out occurrences
Monitor inventory and service level performance and resolve exceptions
Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities
Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization
Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders
Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership
Requirements:
3+ years of Retail industry experience in Merchandise Planning
1+ Year Experience with MS Office Suite (Word, Excel, PowerPoint, Access, Teams)
Results driven with strong time management and organizational skills with a desire to work in a fast-paced environment
Strong interpersonal skills with the ability to build strong relationships and contribute ideas in a team setting
Curiosity to explore and identify insights that result in the development of actionable strategies and tactical plans
Strong business/financial acumen and Supply Chain knowledge
Ability to resolve high profile issues
Good judgment and decision-making ability
Excellent verbal and written communication skills, including facilitation skills
Strong time management and organizational skills
Nice to have:
JDA / Blue Yonder Forecasting & Replenishment knowledge
Bachelor’s Degree in Business, Supply Chain or Operations Management
Master’s Degree in Supply Chain or MBA
An Asset Supply Chain certification such as RSSC, CSCMP or APICS
Previous Experience in an S&OP environment
Strong analytical and problem-solving skills
Ability to calculate and analyze key forecasting metrics such as forecast MAPE and bias
Knowledge of Tableau reporting software
Demonstrates understanding of inter-relationship between demand planning, category management, supply planning, and finance
What we offer:
Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost wellness screenings
No-cost tobacco cessation and weight management programs
No-cost confidential counseling and financial coaching