Full Job Description
The Inventory Planning and Replenishment Analyst (IPR) works within Supply Chain, and is responsible for partnering with merchants to develop and implement inventory strategies that maximize sales and inventory productivity for a merchandising category. To maximize sales and inventory productivity, it is critical that the Analyst maintain the appropriate in-stock positions and manage inventory in the most effective manner across both stores and SKUs. Analyst will work closely with merchants, vendors, stores, transportation, distribution, and sourcing to accomplish team goals. The IPR Analyst is responsible for creating accurate SKU forecasts, developing the inventory and replenishment strategy, managing parameters for each category to execute the replenishment strategy, achieving target in-stock levels and planned inventory turns, and developing recommendations to improve inventory productivity. The IPR Analyst also works with our stores and field leadership to execute their category strategies.
A typical Analyst:
Manages 36 vendors
Manages $135m of inventory.
Supports $658m of annual sales.
MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES:
35%- In stock and replenishment: Review daily orders, upload OUTLs and manage CAR parms, determine in-stock drivers and take action
25%- Primary point of contact for Merchant and MP
15%- Respond to/partner on field concerns with oversight
15%- Manages transitions/resets with oversight
5%- Identify process challenges and review with leadership
5%- Vendor communication
NATURE AND SCOPE: Reports to Manager, Inventory Planning No direct responsibility for supervising others.
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
Education Required: The knowledge, skills and abilities typically acquired through the completion of a high school diplomas and/or GED.
Years of Relevant Work Experience: 0-1 year
Physical Requirements: Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.
Candidate must have demonstrated strong analytical and problem solving skills. Ability to quickly retrieve, manipulate, analyze, and interpret data.
Strong quantitative skills through knowledge of statistics and quantitative data analysis and interpretation.
Ability to translate analysis to audience and communicate recommendations.
BA/BS degree preferred
Knowledge, Skills, Abilities and Competencies:
Critical thinking skills to identify the strengths and weaknesses of alternative solutions; ability to understand and foresee implications of new nformation for current and future problem solving.
Good written and verbal communication skills. Ability to persuade and influence others.
Strong ability to multi-task and handle competing priorities at once.
Strong self-starter with ability to work with little supervision and ability to work with a team.
Extensive knowledge of Microsoft Excel.
Understanding of Inventory Management Principles
Understanding of Data Analytics
Understanding of Inventory Management Systems
Financial Acumen Skills
Understanding of Merchandising Strategy, Merchandising Execution (Field), and Store Operations
Understanding of the Supply Chain and Merchandising Process
Understanding of Distribution, Transportation, and Supplier Manufacturing Principles