INVENTORY PLANNING ANALYST Job at FULLBEAUTY BRANDS
FULLBEAUTY Brands™ is the premier fashion and lifestyle destination for the plus size customer. We are an online and catalog marketplace offering a curated collection of the finest family of plus size brands and thousands of products.
POSITION SUMMARY:
The Inventory Analyst is responsible for all inventory aspects of the product cycle from the budgeting, initial buy, reorders and the maintenance of all inventory related components. This position will be responsible for utilizing methodologies for inventory demand forecasting through analyzing key metrics and sales / stock results across the print and web channels. The Inventory Analyst will handle routine and exception reporting, standard procedure documentation and support for all inventory related functions. This individual will have a strong understanding of business functions and collaborate with the Merchandising, Planning and Sourcing teams.
DUTIES/RESPONSIBILITIES:
- Collaborate with Inventory Control supervisors to determine inventory strategies through the products’ life cycle.
- Analyze and update demand forecasts using sales history, rate of sales, weeks of supply, safety stock and quality related issues to identify improvement opportunities.
- Support in managing our in-season inventory, balancing sales, margin, markdown, and sell-through goals.
- Manage and interpret exception reporting from Tableau for inventory management and reconciliation.
- Build and maintain SMI media budget information in the mainframe.
- Perform weekly projections for both book and web media through reviewing and analyzing color and size selling trends, and style return rates to prepare needed reports for analysis of updated inventory needs.
- Review Demand Analysis report to analyze sales trends and item performance to adjust future media.
- Analyze stock to report and provide recommendations on backorders, cancelations, and lost demand.
- Work with the production department for reorder placement and the follow up on the PO shipping status. Provide management with updates on status.
- Review top backorder and anticipated backorder items to track shipments through Lognet, indicate Hot Status for priority PO’s and expedite with a designated coordinator.
- Identify overstocks and make recommendations for both book and web clearance, and in season web promotions; and adjust retails to improve the sell down of overstock inventory. Maintain overstock disposition codes and identify season close overstocks for final turnover to liquidations.
- Meet service KPI goals for backorders and cancels.
- Collaborate with planning on the inventory alignment from JE assortment plan to the mainframe.
MINIMUM QUALIFICATIONS:
- Bachelor’s Degree, preferable in Business, Finance or Mathematics; or in lieu of a degree, relevant prior work experience in inventory management is acceptable, preferably with e-commerce and/or retail industry.
- Ability to understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
- Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
- Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.
- Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, Vlookup statements, etc.
- Ability to demonstrate a basic skill level in utilizing reporting/data of various Inventory Management and Business Intelligence tools, such as Tableau, to run reports online and build basic report queries.
- Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
- Proactive, self-directed, strategic, and tactical with an intellectually curiosity for analyzing and interpreting information.
- Strong communication skills with the ability to interact collaboratively and influence others without authority.
FULLBEAUTY Brands™ is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
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