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Inventory Planning Specialist

2 months ago

Mooresville, North Carolina, United States Lowe's Companies Full time

Key Responsibilities

The Inventory Planner plays a pivotal role in formulating and executing inventory strategies for a diverse range of product categories to support merchandising objectives and financial targets. They are tasked with creating and implementing detailed inventory plans for both retail stores and e-commerce platforms, ensuring optimal in-stock levels and planned inventory turnover. Collaboration with various teams such as merchants, vendors, transportation, and distribution is essential to drive successful outcomes.

Key Accountabilities

  • Develop and maintain inventory plans at the item/location level for a set of product categories
  • Oversee monthly forecasting cycles for product categories
  • Work closely with suppliers to align inventory strategies
  • Collaborate with replenishment teams to execute inventory plans effectively and achieve desired in-stock levels
  • Monitor inventory pipeline, proactively address issues, and establish action plans for any gaps
  • Lead inventory and replenishment strategies for assigned categories, including events, promotions, and seasonal transitions, influencing cross-functional partners
  • Act as a subject matter expert in planning/replenishment systems to optimize inventory placement and quantity for sales and productivity
  • Analyze business performance, derive insights, and formulate strategies to boost sales and inventory efficiency
  • Keep track of significant changes or challenges and communicate timely updates to support sales and financial objectives

Requirements

  • Bachelor's Degree or equivalent experience
  • 4+ years of experience in demand planning, merchandise planning, replenishment, or related fields

Preferred Qualifications

  • Proficiency in Microsoft Excel and MS Office
  • Strong analytical abilities
  • Self-motivated with a problem-solving mindset
  • Excellent written and verbal communication skills
  • Ability to multitask in a dynamic environment

About Lowe's

Lowe's Companies, Inc. is a leading home improvement retailer serving millions of customers weekly in the U.S. With annual sales exceeding $86 billion, Lowe's operates numerous home improvement stores and employs around 300,000 associates. Headquartered in Mooresville, Lowe's is dedicated to supporting communities through initiatives focused on housing affordability and skilled trade development.

Lowe's is committed to diversity and equal opportunity in employment practices, fostering an inclusive workplace without discrimination based on various factors including race, gender, age, disability, sexual orientation, or veteran status.