Analyst Inventory Planning

Crecera Brands•Bloomington, MN

2d•$62,147 - $85,357

About The Position

The Inventory Analyst is responsible for developing and managing product forecasts and inventory. This position will generate accurate item-level demand forecasts using historical sales data and market intelligence, while accounting for promotional lifts, and price elasticity. Will be responsible for continuous improvement of the demand planning process, increasing organizational capability, and providing business recommendations. The Inventory Analyst will be the central hub for all forecasting and planning information. This position reports directly to the Lead Merchant.

Requirements

Bachelor's degree in Statistics, Business, Operations Management or Supply Chain Management or equivalent education and experience.
Two or more years’ experience in forecasting and demand planning.
Excellent written communication skills with ability to write in a clear and concise business manner.
Ability to speak in front of various sized groups and levels within the company to present ideas and explain data.
Requires solid business and financial acumen and strong analytical background.
Enthusiastic, self-driven with positive, proactive attitude.
Must possess critical thinking skills to analyze data, make decisions and develop action plans.
High ethical standards.
Strong organizational skills.
Team oriented and experience working in cross functional teams.
Ability to develop strong relationships internally and externally.
Ability to work effectively in a fast-paced environment.
Ability to collaborate and influence others.
Ability to apply experience and knowledge to provide creative solutions to problems.
Experience using information systems associated with forecasting and demand planning.
Experience using Business Intelligence (BI) tools, such as Tableau, to analyze data
Significant experience using Microsoft Excel; proficiency with functions such as filters, sorting, formulas, pivot tables, vlookup, etc.

Responsibilities

Manage the overall forecasting and planning activities for the assigned categories.
Work with Merchandising team to create new and repeat product forecasts for catalog and eCommerce channels.
Manage demand and inventory planning from initial launch through the entire product lifecycle.
Perform regular analysis on actual sales vs forecasted demand to ensure constant improvement in all aspects of the forecasting and inventory planning processes.
Issue well thought out purchase order flow the operates within department limits.
Establish a professional working relationship with vendors/suppliers with clear expectations and frequent follow-up.
Ensure Key Performance Indicators and goals are being met (forecast accuracy, inventory turns, fill rate, aged inventory level, seasonal carry-over, open-to-buy).
Utilize Hot Lists and other business intelligence tools to optimize service levels and inventory position.
Continuously look for opportunities to improve the demand planning process, dissect forecast errors and rectify as needed to meet established forecasting accuracy goals.
Perform ERP system maintenance (updating ship/expected dates, discontinued codes, inventory disposition, etc.).
Other duties as assigned.