Inventory Planner - Rejuvenation

About the Inventory Planning Team The Inventory Planning & Management team is responsible for building and managing merchandise financial plans that optimize for sales growth, margin and turn. We are a trusted partner to the merchandising organization, providing insight into sales trends, inventory productivity and exit strategies. We are numbers people with a passion for analyzing and synthesizing data into forecast models, constantly updating plans in reaction to sales trends. Overview of Inventory Planner role As an Inventory Planner for your product Division, you support the full inventory planning and management lifecycle for the Furniture product category. You will assist in building bottom-ups quarterly plans for the category, including new launches and exits. You will support inventory in-season execution, monitoring product incoming to DCs for launch and communicating any delays to your cross-functional partners. You will report on product sell-through to target and align on potential corrective action. You’ll suggest pricing strategies for product exits and partner with marketing to help drive sales. You will monitor the variance companies reports to product movement and summarize important changes to your manager or senior leadership. You will be working cross-functionally with merchants, sourcing and the eCommerce and Retail channels to hit your division’s KPIs of sales growth, maintained margin and inventory turn. Responsibilities Prepare reporting for weekly cross-functional business reviews Summarize Backorder positions Analyze large variances to forecast and LY Analyze success of recent pricing action (Clearance and LTO) Calculate performance of new product vs plan and resulting inventory liabilities Participate in initial forecasts for new product development to guide sourcing strategies Support quarterly Investment Review planning, including: Building out the IR file and support docs Collaborating with merch on initial product forecasts for newness Suggesting potential drops for downtrending and low selling product Ensure margins are accurate Update powerpoint presentation Support monthly Open-to-Buy process Align with your merchant on the sales and margin forecast by category by month Make updates to forecast in OFT files Communicate inventory position in detail (full price, promo, clearance) and pricing recommendations Request additional receipts or receipt shifts to keep inventory in alignment with the sales plan Maintain sku level forecasts in JustEnough software Build monthly “Push-Chase-Cancel” requests to optimize open inventory receipt dollars by month Build monthly reorder recommendations in-line with approved OTB receipts and roll-up to senior management for approval Prepare proposals of pricing actions for review and upload to AMS (or PRiMA) Correspond with distribution centers regarding receiving delays or lost product Monitor delay NLA reports (product removed from the web) Monitor vendor feedback in the weekly “PWR” reports and surface issues Audit for Ship-mode to DC mismatches Run ad-hoc reporting for partners and senior management as needed Participate in regular process improvement discussions to faciliate continued company growth Criteria Have a minimum of 3 years prior experience in inventory planning and management. Have prior experience in retail Are proficient with the Microsoft Office suite of products with excellent proficiency in using MS Excel. Have a high level of retail math acumen, including elements of markup, margin planning, open to buy, and inventory productivity measures. Have proven analytical, business planning skills. Can make timely decisions, anticipate problems and able to provide creative solutions. Are well-organized, detail oriented. Can effectively deal with ambiguity and a changing environment Ability to perform work onsite in the Portland office full-time pending state, local, and Company return-to-work guidance during and afte…

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