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Inventory Planner

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GENERAL SUMMARY:
The Inventory Planner creates and manages sales and inventory plans from investment through allocation at the product/category/item level for the brand's Inventory Management. The Inventory Planner is responsible for ensuring that the development and management of assortment, demand and inventory plans achieve divisional financial goals.

KEY ROLES AND RESPONSIBILITIES:

FINANCIAL PLANNING --FORECASTING
• Develop and build department & class level plans that support division strategy
• Develop and build pre-season style plans and recommend investment quantities and accurate flow forecasts
• Manage the reconciliation of class-to-department bottoms-up plans
• Develop and build department/class level allocation strategies
• Create and execute sizing and packing strategies that support department and divisional objectives
• Responsible for open-to-buy activities at department/class level

PLAN MANAGEMENT --ALLOCATION
• Manage inventory plans from investment through allocation execution, including ongoing assessments and updates
• Ensure receipt accuracy to support in-season allocation strategies
• Own and approve initial inventory releases
• Forecast in-season sales and inventory and develop strategies to maximize opportunities and mitigate risk
• Manage the reconciliation of class-to-department bottoms-up plans
• Strategize, recommend and execute in-season pricing strategies

BUSINESS PROCESS MANAGEMENT—SUPPLY CHAIN OPERATIONS
• Develop monthly forecasts of sales and inventory for Basics managed thru demand forecasting and vendor management tools, as required

PEOPLE MANAGEMENT (if applicable)
• Manage an Inventory Analyst by creating a collaborative, innovative and results-orientated environment
• Support the career development and skill development of Inventory Analyst to ensure job satisfaction, retention and future talent development

SKILLS REQUIRED:
• Analytic Skills: Ability to think objectively and interpret meaningful themes from quantitative and qualitative data
• Problem Solving & Decision Quality: Able to use rigorous logic and methods to solve problems with effective solutions
• Collaboration: Able to build constructive and effective relationships with a broad and diverse group of business partners
• Influencing & Negotiation: Can present ideas and directions that lead others to action
• Presentation Skills: Effective in a variety of presentation settings including one-on-one, small and large groups, and with peers and bosses.
• Financial and Business Acumen: Ability to evaluate financial and business indicators and translate data into actionable information to drive results; proficiency in retail math
• Systems and Tools Acumen: Proficiency in Microsoft Excel, and have aptitude to learn technical applications quickly
• Process Management: Able to create and organize work and processes to get things done in the most efficient manner
• Possess strong organizational and time management skills
• Demonstrate strong listening, written and oral communication skills

QUALIFICATIONS:
• Bachelor’s degree or equivalent experience
• 2-4 years work experience, preferred

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