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Inventory Planning Manager
2 months ago
The Inventory Planning Manager is tasked with formulating, executing, and overseeing strategic inventory initiatives for a diverse range of products within a dynamic retail setting. This role involves leading a team responsible for the effective implementation of replenishment strategies at both store and distribution center levels. The Manager plays a crucial role in ensuring the consistent application of standardized processes and algorithms aimed at enhancing inventory performance metrics such as turnover rates, stock availability, and fill rates.
Key Responsibilities:
- 30% In Stock and Replenishment: Develops and drives replenishment strategies for various departments, recommending and overseeing their implementation.
- 20% Manages communication and feedback from field operations.
- 20% Collaborates with Merchandising leadership to conduct business reviews and provide inventory insights.
- 15% Engages in vendor communications.
- 5% Translates and facilitates training on new processes, tools, and systems for all team members.
- 10% Coaches, manages, and develops team members while leading cross-functional inventory initiatives related to transitions and new SKUs.
- Reports to a Senior Manager.
- This position supervises 5 direct reports.
- Typically involves minimal overnight travel, less than 10% of the time.
- Primarily sedentary work with occasional opportunities for movement. Rarely requires lifting of light items.
- Positioned in a comfortable indoor setting with infrequent exposure to unpleasant conditions.
- Must be at least eighteen years of age.
- Must possess legal authorization to work in the United States.
- Demonstrated leadership capabilities and a solid understanding of retail forecasting principles and inventory replenishment strategies.
- Strong analytical skills with a focus on process improvement.
- Prior experience in Supply Chain Management, Finance, or Merchandising, particularly in a retail context.
- Proven ability to analyze and interpret data effectively.
- Strong quantitative skills, including knowledge of statistics and data analysis.
- Preferred educational background includes a BA/BS degree.
- At least 2 years of experience in Inventory Management systems and principles or Supply Chain.
- Experience in leadership and management roles.
- Knowledge in Statistics, Mathematics, or Quantitative Analysis.
- Completion of a high school diploma or GED is typically required.
- 4 years.
- No specific certifications required.
- None specified.