The Inventory Analyst works within Supply Chain/Merchandising, 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. This Analyst will work closely with merchants, vendors, stores, transportation, distribution, and sourcing to accomplish goals.
The Inventory 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 Inventory Analyst also works with our stores and field leadership to execute their category strategies. In addition, this individual participates on strategic process improvement initiatives to improve the overall effectiveness of the tools and processes utilized by the broader Supply Chain Organization.
A typical Sr. Analyst:
- Manages 25 vendors
- Manages $200m+ of inventory
- Supports $800m of annual sales
MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES
30% In partnership with the Merchant, create strategies and tactics that deliver financial objectives: o Sales , Margin, Turns o Product transitions, flow and exit strategies o Seasonal category and SKU strategies to both enter and exit season o Pricing and promotional activity
10% Achieve in-stock and turn targets
10% Coordinate needs across supply chain partners
10% Manage category to open-to-buy targets
10% Provide analysis to improve category performance
10% Build and maintain relationships with merchants, suppliers, stores, and supply chain partners
10% Train new associates
10% Contribute to cross functional project teams
NATURE AND SCOPE
Position reports to Manager, Inventory Solutions
No direct responsibility for supervising others.
ENVIRONMENTAL JOB REQUIREMENTS
Located in a comfortable indoor area. Any unpleasant condition
Typically requires overnight travel less than 10% of the time.
Additional Environmental Job Requirements:
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
Additional Minimum Qualifications:
Years of Relevant Work Experience:
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. Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not obje
Knowledge, Skills, Abilities and Competencies:
- Ability to translate analysis to audience and communicate recommendations.
- Critical thinking skills to identify the strengths and weaknesses of alternative solutions; ability to understand and foresee implications of new information for current and future problem solving.
- Good written and verbal communication skills. Ability to persuade or influence others.