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Inventory Planner - Intermediate - ON (Michael Norris)

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Job Description: The Inventory Planner develops, executes, and communicates merchandise financial plans and strategies that support the merchandising, marketing, and financial objectives of a division. The planner drives financial results that maximize sales, inventory, and bottom line profitability.

Financial Planning and Forecasting

• Manage the financial success of a Division by meeting sales, gross margin and inventory productivity goals.
• Analyze historical data and current trends to identify risks and opportunities by Division, Department and Class.
• Collaborate with merchandising to develop and communicate a comprehensive strategy that aligns future financial and product opportunities by Division, Department and Class.
• Create pre-season sales, gross margin and inventory plans by Division, Department and Class that support product strategies.
• Manage the reconciliation of Division to Department financial plans.
• Recap and analyze actual sales results to plan, and forecast in-season sales and inventory on a weekly, monthly and quarterly basis.
• Identify risks and opportunities to business and recommend strategies to achieve financial goals.
• Own Divisional open to buy forecast. Present financial forecast and supporting action plans in open to buy/monthly forecast meetings.
• Re-forecast sales and inventory for all basic styles to meet division/department financial goals.
• Manage and communicate division level markdown recommendations and pricing strategies.

Customers & Markets
• Participate in company and brand initiatives as appropriate.

Managing & Operating Practices
• Communicate financial results, forecasts, and action plans to manager and cross-functional team on a weekly basis.
• Present financial plans, forecasts and strategies in key meetings.
• Assign responsibilities and set clear, measurable objectives for direct report.
• Collaborate with peers to ensure consistency of information, share best-practices and develop systems knowledge.

Leadership & Employees
• Communicate standards and performance expectations to direct reports in a timely manner.
• Develop direct reports to achieve peak performance and individual career goals.
• Communicate financial results, forecasts, and action plans to manager and cross-functional team on a weekly basis.
• Support a collaborative, innovative, and results-oriented environment with peers and cross-functional team.
• Provide manager with timely feedback on personal developmental and training needs.
• Actively participate in new hire training and assist in peer development (Inventory Management training, Retail Management Training Program).
• May manage and support the career development process of one or more Inventory Analysts and/or Online Inventory Specialists (OIS) to ensure job satisfaction, retention and future talent development (PP&A, IDP).
• May provide timely feedback and direction to direct reports to foster rapid skill development and performance improvement.

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