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Inventory Planning and Control Manager
2 months ago
About Coyuchi
Coyuchi is a leading organic linen manufacturer that has been a pioneer in environmentally responsible production methods since 1991. Our mission is to create comfort while minimizing our impact on the Earth.
About the Role
The Inventory Planning and Control Manager is a key business partner to internal teams and external partners, responsible for driving sales while reducing inventory investment. This position oversees the development and execution of processes and systems to effectively manage inventory performance.
Key Responsibilities
- Develop and communicate comprehensive inventory strategies, aligning with multiple departments and key inventory targets.
- Collaborate with internal teams to create optimal pre-season and in-season assortment plans and inventory buys.
- Manage and support the implementation of replenishment and inventory strategies to support assortment, merchandise, and promotional plans while achieving key metrics.
- Establish open-to-buy processes and create proper seasonal forecasts, curves, and sell-through execution to maximize sales and turn.
- Supervise the production of reports, analytics, and recommendations in line with business strategy and goals, as well as present aggregated analysis and performance reports.
- Manage the collaborative forecasting process with key vendors to manage an optimal flow of inventory, project future business volume, and drive optimal in-stocks.
- Hire, train, and mentor an internal team to perform successfully.
- Lead or participate in departmental projects to improve systems or efficiencies.
- Review and communicate assortment effectiveness and productivity.
- Develop pricing evaluation and price elasticity models.
- Oversee inventory accuracy, including reconciliation to third-party logistics partners and direct needs for cycle counts.
- Determine product allocation across channels.
- Track and document physical inventory count outcomes, reconciliation, and adjustments to track 3PL SLAs.
Qualifications
- 5+ years of proven leadership and successful experience in planning, allocation, or in a retail environment.
- Bachelor's Degree or equivalent experience.
- Understanding of Inventory Management principles and systems.
- Knowledge of Merchandising Strategy, and Merchandising Operations.
- Knowledge of the Supply Chain and Merchandising Process.
- Knowledge of Distribution and Logistical considerations.
- Well-versed in financial inventory metrics.
- Ability to operate both strategically and tactically in a high-energy, fast-paced environment.
- Superior analytical skills, with ability to dive in and quickly understand root cause and identify scalable solutions.
- Excellent business judgment, strong written and oral communication skills, and a practical, common sense approach to getting things done.
- High degree of organization and ability to manage multiple, competing priorities simultaneously.
- Ability to analyze and provide recommendations to drive sales and maximize inventory potential.
- A strong sense of ownership over work and results.
- Communicates effectively with all levels of the organization.
- Excellent interpersonal and communication skills.
- Experience and high level of proficiency with Microsoft Office, Excel, and PowerPoint.
- NetSuite experience a plus.