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Inventory Management Specialist

2 months ago

Brentwood, Tennessee, United States TSC Full time
Job Summary

This position is responsible for the overall inventory productivity for selected merchandise categories. Productivity is primarily measured by store and DC in-stock along with inventory turn. Primary responsibilities include day-to-day activities of inventory management, including order fulfillment, store replenishment, and forecast management.

Key Responsibilities
  • Implement the replenishment and inventory strategy to support assortment and merchandise plans while achieving service level targets. Manage the inventory levels for assigned product categories through analysis of trends, exceptions, rate of sale, minimum order quantities, and minimum presentation quantities.
  • Plan and execute article-site replenishment at stores for all replenished products. Execute purchase orders to suppliers based on suggested order quantities from E3. Serve as key contact for PO expediting and logistics issues, and assist with ship schedule changes.
  • Evaluate and plan all basic and seasonal forecasts and profiles based on demand history, statistical analysis, store activity, assortment changes, and current trends, which facilitate replenishment of product to the stores. Maintain E3 and SAP system settings to ensure appropriate inventory levels are maintained at the DC and store article/site level.
  • Utilize exception-based reporting and analysis to react to articles that are exceeding or falling below anticipated performance levels. Serve as key contact for store operations replenishment issues.
  • Execute replenishment plan for all new articles, based on the article forecast and profile, and 'plans and events' for promotional activities on articles. Initiate and communicate replenishment recommendations in respect to inventory and trends, to inventory management, buying, and logistics personnel.
  • Provide vendor forecasts/projections for replenished inventory.
Requirements
  • 0-2 years' experience in forecasting or replenishment, preferably in a retail environment.
  • Relevant experience in Supply Chain, Merchandising, Field Operations, Logistics, or Store Planning in a retail environment preferred. This experience could also be in the form of an internship through a supply chain program.
Preferred Qualifications
  • Excellent office computer skills (Excel, Word, etc.) and prefer experience with SAP applications.
  • Detail-oriented and aptitude for analysis.
  • Ability to manage and prioritize multiple tasks.
  • Self-starting team player with strong communication skills and attention to detail.
Working Conditions
  • Normal office working conditions.
Physical Requirements
  • Sitting.
  • Walking.
  • Lifting up to 10 pounds.