Inventory Planner

Position Title:
Inventory Planner
Duration:
08 Months with possibility of extension
Location:
One Client Drive, Woonsocket, RI 02895
Shift hours:
Hybrid
Job Purpose and Summary:

The Inventory Planner is accountable for managing/shaping forecasts and inventory as well as all supply components for a group of retail products to ensure Store and DC service levels.
The Inventory Planner will execute business plans that achieve enterprise goals including sales, margin, in-stock, turn, fill rate, customer satisfaction and GMROII.
This person will be working collaboratively with cross functional internal and external partners to deliver results and ensure outcomes.
Inventory Planner responsibilities include:

Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast
O Develop and maintain promotional, seasonal and event forecasts
O Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence
O Works with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand
O Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast
O Use input from the analytics team to determine appropriate forecast models and parameter settings
Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets
O Develop actionable plans to meet financial and inventory goals
O Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module
O Generate and analyze inventory and service level performance reports
O Manage/resolve stock-out occurrences
O Monitor inventory and service level performance and resolve exceptions
O Partner with Finance, Logistics &
the Transportation organization to identify supply chain and financial opportunities
O Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization
O Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders
O Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership
Responsibilities
1. PO creation, tracking, and maintenance
2. Reviewing/maintaining demand forecasts
3. Communicating with vendors
4. Reporting /Inventory Meetings
5. Team initiatives/Project support
Experience
3+ years of Retail industry experience in Merchandise planning
Bachelors degree or equivalent experience.-Project Management Professional certification preferred.
1+ Year Experience with MS Office Suite (Word, Excel, PowerPoint, Access, Teams)
Results driven with strong time management &
organizational skills with a desire to work in a fast-paced environment
Strong interpersonal skills with the ability to build strong relationships and contribute ideas in a team setting
Curiosity to explore and identify insights that result in the development of actionable strategies and tactical plans
Strong business/financial acumen and Supply Chain knowledge
Ability to resolve high profile issues
Good judgment and decision-making ability
Excellent verbal and written communication skills, including facilitation skills
Strong time management and organizational skills
Preferred Qualifications:

JDA / Blue Yonder Forecasting &
Replenishment Knowledge
Bachelors Degree in Business, Supply Chain or Operations Management
Masters Degree in Supply Chain or MBA
An Asset Supply Chain certification such as RSSC, CSCMP or APICS
Previous Experience in an S&
OP environment
Strong analytical and problem-solving skills
Ability to calculate and analyze key forecasting metrics such as forecast MAPE and bias.
Knowledge of Tableau reporting software
Demonstrated understanding of inter-relationship between demand planning and category management, supply planning, and finance