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Sr Inventory Analyst

4 months ago

Bolingbrook, United States Ulta Beauty Full time
OVERVIEW

Discover greater levels of performance. With over 1,300 stores throughout the U.S. and an innovative omni-channel ecosystem, Ulta Beauty is revolutionizing the beauty retail experience. Ulta Beauty is expanding its digital capabilities, opening new stores on a continual basis and re-designing existing locations with the latest design and technological advancements for heightened guest experiences. We're not just growing, we're thriving through consistent innovation and a bold commitment to re-imagination. If you want the opportunity to build something strategic, to take ownership of your career trajectory, to apply your passion to operational excellence, Ulta Beauty provides the kind of stability and support few organizations can match. So be curious. Be flexible. Be more than you thought possible. The future is yours at Ulta Beauty.

POSITION SUMMARY:

The Senior Inventory Analyst is responsible for implementing and executing an efficient and profitable replenishment strategy to achieve sales, selling margin, and inventory goals in conjunction with cross functional partners to drive business strategies. They will manage the allocation and replenishment of designated product category(s) to maintain an in -stock standard while achieving planned inventory financial objectives.

They will drive the business forward through process improvement and consistent re-evaluation of strategies.

CORE JOB RESPONSIBILITIES:
  • Partner with planners and buyers to develop and execute an inventory strategy to support sales, funding margin, and turn.
  • Create purchase orders for all ads, events including weekly replenishment and promotional orders leveraging forecasts.
  • Maintain a healthy inventory position by reviewing and updating item level forecasts within the replenishment system.
  • Provide analytics/insights to support business decisions to optimize sales and productivity, utilizing weekly reporting metrics to make informed decisions.
  • Communicate with brand partners to understand inventory constraints and anticipate potential risks.
  • Participates in continuous improvement projects to support company and merchandising departmental growth, process improvement, and new ways of working.
ADDITIONAL RESPONSIBILITIES:
  • On-boarding of new hires & counterparts
REQUIREMENTS FOR CONSIDERATION:
  • Bachelor's degree preferred, or relevant work experience required
  • 2-4 years of experience in merchandise planning, inventory or buying experience preferred
  • Forecast and Replenishment system knowledge preferred
  • Ability to work with large amounts of data into trends and develop accurate and actionable insights based on the data
  • Strong collaborator with both internal partners and external brand partners
  • Demonstrate excellent verbal and written communication skills as well as strong listening skills
  • Strong Microsoft Office skills with solid proficiency in usage of Excel. Working knowledge of SAP or JDA a plus
  • Process improvement advocate, desire to conduct stretch assignments to improve our team and departmental processes
  • Excellent organizational skills with a strong eye for detail, and capable of multi-tasking
  • Strong problem solving, retail math, and analytical skills
  • Strong work ethic, ability to meet tight deadlines/thrive in fast-paced environment

ABOUT

At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest North American beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. We bring possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty's own private label. Ulta Beauty also offers a full-service salon in every store featuring-hair, skin, brow, and make-up services.

We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.