Randstad Inventory Planner in White Plains, New York
White Plains, NY Salary:
US$ 50,000 - US$ 60,000 per year Date Posted:
Wednesday, September 28, 2016
Randstad Finance & Accounting
Consumer products Company is seeking an Inventory Planner who is focused on driving sales and profit for the company by optimizing inventory levels by SKU at our warehouse. Developing, monitoring and adjusting minimum inventory levels as well as purchases are the primary responsibility of this role. The inventory planner will work closely with the Merchandise managers to develop a product/sales point of view which will inform inventory direction. Additionally, this person would be accountable for ensuring that life cycle analysis of inventory is managed and recommendations made for liquidations either through reduced price sale or write-off.
Forecast SKU level demand for stocked products
Set, monitor and adjust minimum inventory levels by SKU for inventory based vendors to achieve sales, inventory turn and fill rate objectives.
Identify potential shortages and overages and take appropriate actions to bring quantity to a desired level.
Collaborate cross functionally with merchandise and sourcing partners to develop SKU plans, review currents trends and meet seasonal calendar due dates.
Initiate replenishment and initial stocking purchase orders.
Insure accuracy of inventory and forecasting data
Monitor and take action on (stocking) backorders, late orders, and other inventory issues
Analyze historical data and current trends to identify sales and inventory opportunities and risks for assigned categories and SKUs.
Recommend actions to optimize inventory turn and margin based on current trends, and report open to buy status to B2B partners each month.
Help propose inventory investments in key brands in order to improve customer experience, drive sales & profit.
Identify underperforming inventory and partner with merchandisers to drive liquidation strategies.
Communicate with vendors as necessary
Operations & Warehouse communications
Collaborate across the organization to ensure inventoried products are prepared & available for sale
Communicate large inbound purchase orders with receiving team at warehouse.
Desired Skills & Experience
4+ years experience in retail inventory management.
Advanced Microsoft Excel skills and experience with planning systems.
Bachelor s degree or equivalent experience.
Strong organizational and time management skills.
Strong quantitative analytical skills with a technical understanding of retail math and inventory management concepts.
The ability to summarize data logically and communicate information and recommendations clearly to all appropriate contacts.
Team player, comfortable in building effective cross functional relationships with business partners.
Problem solving and critical thinking skills to strategically manage and drive positive financial results for assigned categories.
Flexibility to work in a fast paced, changing environment with multiple priorities.
Ability to provide data for our buyers for more favorable MOQs and PO ship dates.
Passionate and accountable for delivering a high standard of results, competitive.
The perspective to think globally and strategically and make objective decisions in the best interests of the business and customer.
Proactive and persistent in addressing challenges and in developing innovative processes and solutions.
Comfortable presenting to executive management.
A working knowledge of world class supply chain practices, strong analytical capabilities and business savvy.