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We are seeking a highly analytical and strategic Senior Inventory Management Planner to join our Pinemelon team. This role will be responsible for optimizing inventory levels across diverse product categories to maximize sales, minimize costs, and ensure customer satisfaction. The Senior Inventory Management Planner will work closely with the Category Managers and cross-functional teams to develop and execute effective inventory strategies, ensuring the right products are available at the right time and in the right quantities. Who You Are: - A strategic thinker with a deep understanding of inventory management principles.
- Results-oriented, with a track record of optimizing inventory levels and improving key performance metrics.
- An analytical problem-solver, capable of translating data into actionable inventory strategies.
- An effective communicator and collaborator, able to build strong relationships across the organization.
- Dedicated to continuous improvement and efficiency in inventory management processes.
Key Responsibilities:
Strategic Development:
- Develop and implement comprehensive inventory management strategies that align with overall business objectives.
- Supply & Demand Management:
- Lead demand forecasting efforts by analyzing historical data, market trends, and sales patterns to ensure optimal inventory levels. Minimize stockouts, excess inventory, and shrink.
- Manage Open-to-Buy (OTB) budgets to ensure optimal inventory investment and alignment with financial goals.
- Conduct thorough reconciliation of purchase orders and received inventory to ensure accurate recording of transactions and prompt resolution of discrepancies.
- Create Purchase Orders and communicate receipt needs to vendors on a weekly (or more frequent) basis.
Sales and Profitability: - Analyze sales performance and profitability metrics to identify opportunities for growth and improvement.
- Analyze the competitive landscape to identify pricing and margin opportunities.
- Data Analysis and Reporting:
- Utilize advanced data analysis tools and techniques to generate actionable insights and support decision-making.
- Prepare and present regular reports on inventory performance, sales trends, and pricing outcomes.
- Develop and enhance reporting capabilities using Business Intelligence (BI) tools.
Collaboration and Communication: - Effectively communicate insights and recommendations to senior management and stakeholders.
- Maintain consistent communication with vendors, responding in a timely manner and escalate issues when necessary.
- Provide regular updates to the Ops team regarding incoming deliveries and any anticipated issues.
- Partner with Category Management, Operations, Finance, and Marketing teams to align inventory strategies with sales, promotional activities, and financial goals.
- Process Improvement:
- Identify and implement process improvements to enhance planning efficiency and effectiveness.
- Stay updated on industry best practices and emerging trends to continuously improve planning processes.
Required Skills/Abilities: - Proven experience in inventory management, with a strong understanding of forecasting, replenishment, and inventory optimization.
- Strong analytical skills, with the ability to interpret complex data and develop actionable insights.
- Excellent communication and collaboration skills, with the ability to work effectively across multiple departments.
- Proficient in navigating various systems and leveraging advanced Excel skills.
- Ability to thrive in a fast-paced, dynamic environment, managing multiple priorities and deadlines.
- Ability to work with an international team with a 12+hour time zone difference.
Education and Experience: - Minimum of 3 years of experience in inventory management, demand planning, or related roles.
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field is preferred.
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