Replenishment Analyst

3 weeks ago

Memphis, United States Hollywood Feed Full time

This position reports directly to the Senior Category Manager under the Merchandising & Marketing Department. The Replenishment Analyst will play a pivotal role in developing inventory replenishment models, forecasts, and a comprehensive buying plan using data driven strategy to guide inventory replenishment and purchasing initiatives. The Replenishment Analyst will be responsible for managing inventory levels, analyzing sales data, and forecasting demand to ensure optimal stock levels are maintained. This role requires a keen understanding of supply chain dynamics, excellent communication skills, and the ability to collaborate across departments to meet company goals. 


Key Responsibilities

  • Inventory Management: Monitor inventory levels across multiple products to ensure adequate stock levels are maintained while minimizing excess inventory and out of stocks. Assist in warehouse quality control of inventory and testing.
  • Demand Forecasting: Utilize historical data, pricing, market trends, and input from Category Managers to accurately forecast future product demand accurately. Continuously refine forecasting models to improve accuracy.
  • Order Planning: Generate purchase orders and replenishment plans based on demand forecasts, lead times, and inventory policies. Coordinate with suppliers to ensure timely delivery of goods and maintenance of targeted inventory levels.
  • Performance Analysis: Analyze sales trends, inventory levels, promotional activities, and other factors impacting demand to identify patterns, risks, and opportunities for improvement. Provide regular reports and insights to Category Managers on inventory performance and key metrics.
  • Collaboration: Work closely with cross-functional teams, including accounting, supply chain, marketing, and operations, to align replenishment strategies with overall business objectives. Communicate effectively to address any supply chain issues and ensure alignment on inventory planning.
  • Process Improvement: Identify opportunities to streamline replenishment processes and enhance efficiency. Help implement best practices and leverage technology solutions to optimize inventory management.
  • Support: Answer support tickets and communicate category changes and information as needed with input from Category Manager.


Requirements & Qualifications


Necessary

  • This position requires 45 - 50 hours/week in our Memphis office and may require some weekend and evening availability.
  • Bachelor’s in a related field preferred with 2 years experience or equivalent of 2-4 years experience in a similar role, preferably in the retail industry
  • Strong analytical skills with proficiency in Excel
  • Excellent communication and interpersonal skills
  • Detail-oriented mindset with the ability to prioritize tasks and manage multiple priorities
  • Knowledge of supply chain principles and best practices
  • A proactive approach and a commitment to delivering high-quality results
  • Passion for data integrity, problem solving, organization, and the betterment of procurement strategy
  • Prolonged periods of sitting at a desk and working on a computer in an office setting.
  • Must be able to lift 40 pounds at times and perform merchandising-related tasks in the distribution center


Beneficial

  • Fundamental knowledge of the pet industry, pet nutrition, and retail operations.
  • Familiarity with inventory management software and forecasting tools is preferred.
  • Experience using PowerBI, Sisense, or similar
  • Experience using SQL and python.


The above is designed to describe the general nature and scope of the job and is not an exhaustive listing of all duties, expectations, or tasks and should not be taken as such.


Hollywood Feed is an Equal Opportunity Workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.



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