Inventory Management Specialist
2 weeks ago
Job Summary
Lowe\u2019s Companies, Inc. is seeking an Inventory Planner to join our team. As an Inventory Planner, you will be responsible for developing and implementing inventory strategies to support merchandising strategies and financial objectives.
Key Responsibilities
• Develop and implement item-level inventory plans for a group of product categories
• Manage monthly forecasts cycle for product categories
• Collaborate with suppliers to ensure inventory strategies are aligned
• Partner with replenishment team to ensure proper execution of inventory plans, ensuring desired in-stock levels are achieved
• Monitor inventory pipeline, anticipate and proactively communicate issues, and develop mitigation plans for any pipeline gaps
• Drive inventory and replenishment strategies to support assigned categories, including resets, promotions, events, seasonal/entry and exit, influencing cross-functional stakeholders
• Subject matter expert in planning/replenishment systems and utilize system capabilities to drive inventory to the right location in the right quantity to support sales while also improving inventory productivity
• Analyze business performance, develop insights, and translate into strategies to drive sales and inventory productivity
• Monitor and report on important changes and/or challenges in a timely manner to support sales and financial objectives
Requirements
• Bachelor\u2019s Degree is required or equivalent combination of education and related experience
• 4+ years experience in demand, merchandise planning, replenishment, or a related field
• Proficient in Microsoft Excel and MS Office
• Strong analytical skills
• Self-driven and highly motivated
• Approaches problems with curiosity and is solution-oriented
• Strong communication skills, both written and oral
• Capability to multitask in a fast-paced environment
About Lowe\u2019s
Lowe\u2019s Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe\u2019s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, NC, Lowe\u2019s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit https://www.lowes.com/.
Lowe\u2019s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
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