Inventory Planning Analyst

2 months ago

New York, United States FULLBEAUTY Brands Full time

FULLBEAUTY Brands™ is the premier fashion and lifestyle destination for the plus size customer. We are an online and catalog marketplace offering a curated collection of the finest family of plus size brands and thousands of products.


POSITION SUMMARY:

The Inventory Analyst is responsible for all inventory aspects of the product cycle from the budgeting, initial buy, reorders and the maintenance of all inventory related components. This position will be responsible for utilizing methodologies for inventory demand forecasting through analyzing key metrics and sales / stock results across the print and web channels. The Inventory Analyst will handle routine and exception reporting, standard procedure documentation and support for all inventory related functions. This individual will have a strong understanding of business functions and collaborate with the Merchandising, Planning and Sourcing teams.


PRIMARY RESPONSIBILITIES:

  • Collaborate with Supervisor and Cross Functional Partners to determine inventory strategies through the products’ life cycle.
  • Analyze and update demand forecasts using sales history, rate of sales, weeks of supply, safety stock and quality related issues to identify improvement opportunities.
  • Support in managing our in-season inventory, balancing sales, margin, markdown, and sell-through goals.
  • Manage and interpret exception reporting from Tableau for inventory management and reconciliation.
  • Perform weekly projections through reviewing and analyzing color and size selling trends, and style return rates to prepare needed reports for analysis of updated inventory needs.
  • Work with the production department for reorder placement and the follow up on the PO shipping status. Provide management with updates on status.
  • Review top backorder and anticipated backorder items to track shipments through Lognet, indicate Hot Status for priority PO’s and expedite with a designated coordinator.
  • Identify overstocks and make recommendations for both book and web clearance, and in season web promotions; and adjust retails to improve the sell down of overstock inventory.


MINIMUM QUALIFICATIONS:

  • Bachelor’s Degree and 2-3 years of experience or in lieu of a degree, relevant prior work experience in inventory management is acceptable, preferably with e-commerce and/or retail industry.
  • Ability to understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
  • Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
  • Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.
  • Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, Vlookup statements, etc.
  • Ability to demonstrate a basic skill level in utilizing reporting/data of various Inventory Management and Business Intelligence tools, such as Tableau, to run reports online and build basic report queries.
  • Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
  • Proactive, self-directed, strategic, and tactical with an intellectually curiosity for analyzing and interpreting information.
  • Strong communication skills with the ability to interact collaboratively and influence others without authority.



WHY JOIN FULLBEAUTY?

  • Competitive Health Benefits (Medical, Dental & Vision)
  • Employer HSA Contribution
  • 401K Match
  • Employee Assistance Program
  • Hybrid Work Schedule (Corporate)
  • Business Casual Attire
  • Wellness Initiatives
  • 30% Associate Merchandise Discount Across our Family of Brands
  • Employee Discount on Travel, Cell Phone Plans and More
  • Generous Paid Time Off Program
  • Promote From Within Culture
  • Commitment to Being an Equal Opportunity Employer
  • Life Insurance Benefits
  • Internal charity that supports FULLBEAUTY Brands’ associates and their immediate family members during times of extreme hardship


FULLBEAUTY Brands™ is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.

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