Inventory Planning Analyst

The Inventory Planning Analyst works closely with Inventory Planners and cross functional partners in driving business results and customer satisfaction.  Working with a cross-functional teams with merchandising, inventory, production and sourcing, the Inventory Planning Analyst supports a select portion of the business both pre-season and in-season. This position is responsible for optimizing inventory levels to ensure optimal stock availability while minimizing costs. This role requires a strong analytical mindset, excellent forecasting abilities, and a deep understanding of supply chain and inventory management principals. 

Job Functions (Employees must be able to perform the job functions of this position satisfactorily. The requirements listed below are representative of the duties, knowledge, skills, and/or abilities required.  If requested, reasonable accommodations may be made to enable employees with disabilities to perform the essential job functions.)

• Monitor and analyze inventory levels across multiple locations and channels to ensure optimal stock levels.


• Execute and implement inventory optimization strategies to minimize stockouts and overstock situations.


• Conduct regular reviews of inventory performance metrics and adjust plans accordingly


• Utilize historical data, market trends, and sales forecasts to predict future inventory needs accurately.


•  Balance inventory across styles/sku's


• Create flow-plans, production schedules, and commit timelines


• Manage in-stock, fill, delivery slides, receipt reconciliation, and commit timeline


• Participate in ad hoc Inventory Planning initiatives as appropriate


• Support a collaborative, innovative, and results-oriented environment with peers and cross-functional team resulting in shared best practices


• Provide Inventory Planner(s) and members of leadership with timely information and deliverables


• Utilize advanced analytics tools to support data-driven decision-making processes.


• Collaborate with peers to ensure consistency of information, best practices and to develop systems knowledge


• Develop and maintain effective working relationships with members of the immediate and cross functional team


• Manage to monthly beginning of month (BOM) targets, provide recommendations, actions to hit the plan


• In season management of inventory and flow to support sales trends


• Responsible for proofing catalogues on website for accuracy


• Identify opportunities to streamline and improve inventory management processes and systems.


• Lead or participate in projects aimed at enhancing inventory accuracy and efficiency.


• Stay updated on industry best practices and emerging trends in inventory management and supply chain optimization.


• Must follow all safe work practices, escalate unsafe conditions and report incidents. 

Skills

• Strong skills in data analysis tools such as Excel, and BI tools (e.g., Power BI).


• Demonstrate excellent analytical and problem solving skills, strategic thought process


• Able to develop and maintain strong working relationships with peers and cross functional teams


• Financial acumen, with high attention to detail and accuracy


• Excellent communication skills - both written and verbal


• Flexible and adaptive to changing priorities


• Highly organized and able to prioritize and manage time and workload to meet deadlines


• Proficiency in in inventory management software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and using Planning and Forecasting, Business Objects, LE Mainframe, Excel, and other required PC based packages

Physical Requirements

• Constant sitting


• Rare lifting up to 35 pounds

Education & Experience Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, Logistics, or a related field


• 2-4 years of experienced in inventory planning, supply chain analysis, or related roles


• Proven experience in managing inventory for multi-channel and multi-location operations.