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Inventory Planning Manager

https://www.cvshealth.com/ Logo

CVS Health

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Location:
United States , Woonsocket, Rhode Island

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Category:

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Contract Type:
Not provided

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Salary:

66330.00 - 145860.00 USD / Year

Job Description:

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
  • Paid time off
  • Flexible work schedules
  • Family leave
  • Dependent care resources
  • Colleague assistance programs
  • Tuition assistance
  • Retiree medical access

Additional Information:

Job Posted:
March 04, 2026

Expiration:
March 09, 2026

Employment Type:
Fulltime
Work Type:
Hybrid work
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