Inventory Planning Specialist
1 week ago
- Develop inventory management plans to support day-to-day operations, product launches, and promotions.
- Create purchase orders to suppliers within category open-to-buy limits.
- Constantly interact with sales teams to assess demand requirements and reflect changes in SKU-level forecasts.
- Conduct financial risk assessments on prospective purchases.
- Support the retail store network with all inventory-related inquiries.
- Conduct root cause analysis when necessary.
- Identify current and potential product shortages, develop recovery plans, and advise stakeholders of status and recovery plans.
- Maintain and update master files, including items, vendors, pricing, etc.
- Coordinate SKU-level unit forecasts within agreed-upon Product Category revenue expectations.
- Achieve consensus on operating plans and inventory goals.
- Provide reports and requested information to product managers as needed.
- Develop systems and procedures required to meet service and inventory turn objectives.
- Build rapport and manage relationships with suppliers.
- Assist product managers in category promotional activity across ATL and BTL.
- Maintain store merchandising planograms.
- Assist product managers in developing new merchandising material (POS) as required and work with the category development team on execution.
About You
- Bachelor's degree in Business, Accounting, or equivalent education and experience (preferred but not essential).
- Retail industry experience.
- Strong skills in Microsoft Excel (pivot tables, vlookups, hlookups).
- Strong analytical skills – creating and interpreting sales and profit reports.
- Ability to build relationships with suppliers and stakeholders.
- Good understanding of Master Data and Databases.
- Good understanding of Supply Chain Metrics.
$60,000 - $80,000 per annum
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