Sr Manager Inventory & Replenishment-2
Bass Pro ShopsPOSITION SUMMARY: The Inventory and replenishment Sr. Manager is responsible for managing and optimizing inventory levels, ensuring timely replenishment of stock to meet customer demand while minimizing excess inventory and stock-outs. The role involves cross-functional collaborations with merchandising, supply chain, and stores. They are also accountable for achieving inventory productivity targets, service level objectives, and financial goals while developing organizational talent and leadership capabilities. ESSENTIAL FUNCTIONS: (List the primary duties and responsibilities of the job. This should not be a task list or desk procedures, but the top 5 to 7 responsibilities of the job. List the duties in descending order of impact/time. Each function should begin with a verb such as Creates, Develops, Performs, etc.) Inventory Management: Drive inventory productivity metrics including inventory turns, weeks of supply, in-stock performance, aged inventory, and working capital optimization. • Monitor, analyze and course correct performance against established inventory KPIs (e.g., turnover rates, stock-outs, NPI). Replenishment Strategy: Create and implement replenishment policies to maintain appropriate stock levels based on sales forecasts and lead times. Collaborate with suppliers to ensure timely delivery of products and resolve any supply chain disruptions. Optimize reorder points and safety stock levels for all SKUs. Partner with demand forecasting and inventory planning teams to deliver seasonal, promotional, and growth initiatives. Supplier and Vendor Management: Develop and maintain strong relationships with vendor to ensure a reliable supply chain. Track vendor performance and manage vendor lead times and order fill rates. Cross-Functional Collaboration: Coordinate with the warehouse and logistics teams to ensure seamless product flow and mitigate business risk. Work with merchandising and logistics departments to ensure cost-effective purchasing practices. Partner with IT teams to develop or improve inventory management systems and tools. Collaborate with the accounting team to address and resolve any payment discrepancies, ensuring accurate invoicing and timely payment processing. Investigate issues such as incorrect pricing, mismatched invoices, or delivery discrepancies, and work with suppliers to rectify these issues. Data Analysis and Reporting: Analyze data to identify inventory trends, stock discrepancies, and inefficiencies. Develop and communicate actionable insights that drive business decisions and improve availability. Utilize advanced analytics, forecasting models, and business intelligence tools to identify opportunities and mitigate risks. Continuous Improvement: Identify and implement process improvements to enhance inventory accuracy and replenishment efficiency. Stay updated on industry best practices and technology trends in inventory management. Team Talent Development: Lead, coach and develop a team of Inventory Managers, Senior Analysts and Analysts to deliver organizational objectives and business results. Provide ongoing coaching, mentoring, and development opportunities to strengthen technical capabilities, analytical skills, business acumen, and leadership effectiveness. Address performance concerns proactively through coaching, corrective action, and performance management processes when necessary. Drive employee engagement and retention through effective communication, recognition, and fostering an inclusive work environment. Risk Management: Identify potential risks in the supply chain and develop contingency plans to mitigate disruptions in inventory availability. Technology Integration: Lead the implementation of new inventory management tools and systems, ensuring seamless integration with existing systems and processes. ALL OTHER DUTIES AS ASSIGNED EXPERIENCE/QUALIFICATIONS: Minimum Degree Required: Bachelors Degree, in Supply Chain, Business, Finance, Operations, or related field. 8 …