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Inventory Planner

2 months ago

New York, New York, United States Fullbeauty Brands Full time
Job Overview

Fullbeauty Brands is seeking a highly skilled Inventory Planner to execute strategic initiatives within their division. The successful candidate will be responsible for creating and managing sales and inventory profit financial plans, categories, and items.

Key Responsibilities
  • Partner with Brand leaders and Inventory Planning Manager to develop plans for future seasons.
  • Create pre-season sales, margin, and inventory plans by categories, style, and color.
  • Analyze and report on previous quarter results, identifying 'missed sales' and growth drivers over prior year within both print and digital channels.
  • Summarize the opportunity and risk of a product plan as it relates to trend and financial metrics.
  • Recommend style count, cc count, and flow of goods for optimal results, space allocation, and partner with Inventory Analyst on the execution.
  • Independently develop and present the financial strategy associated with growth and diminish categories in quarterly investment review meetings.
  • Effectively communicate support for style, color, and size-level buys as it relates to current trend, historical findings, or related categories.
  • Analyze product performance and provide insights to Product Management partner on historical and trend performance to create seasonal assortment plans.
  • Provide analysis support to PMs to ensure correct catalog KPIs for productivity and profit.
  • Rationalize item and style counts.
  • Ensure appropriate in-stock positions of key products, with reorder plans, and partner with Inventory Analyst as needed.
  • Accurately forecast future demands and determine plans for pricing and inventory.
  • Develop future replenishment product forecasts and continuously monitor performance and reorder, including capacity and raw material commitments.
  • Provide daily and weekly updates on business as it relates to last forecast, identifying trends, and highlighting selling that exceeds or falls short of expectation.
  • Initiate conversations with cross-functional partners regarding potential risk or opportunities and suggested changes to course of action for both current and future quarters.
  • Prepare sales, margin, and inventory forecast in monthly OTB forecast meetings for current year; provide sales trend opportunity for future quarters, validate stock-to-sales relationships, maximize receipt flow to improve turn, reconcile receipts, and suggest pricing strategies to drive profitability.
  • Propose markdown and promotional strategies to maximize profitability on the life of an item or category; provide pricing and margin dollar gain/loss scenarios.
Requirements
  • Bachelor's degree required; 3-5 years of experience in Merchandise Planning, Forecasting, Demand Planning, or other related field.
  • Strong analytical skills and business acumen: use data to derive critical and meaningful insights to business performance and opportunities.
  • Strong understanding of retail math with the ability to use business results and metrics to drive action plans that benefit growth and mitigate risks.
  • Develop strong collaborative relationships with key partners to drive quality decisions.
  • Determine solutions with strong analysis and understanding of impacts to business and to partners.
  • Effectively communicate in formal and informal settings using written and oral methods.
  • Present and be able to influence others.
  • Strong proficiency in Excel and experience in enterprise planning systems preferred.
  • Identify areas of operations efficiency on an on-going basis.
  • Ensure consistency in thought processes and best practices approach in team and with Planning Partners.
Equal Opportunity Employer

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