Director of Merchandise Planning & Inventory Management
About The Position
Parachute Home is seeking a Director of Merchandise Planning, to lead Parachute in developing best practices for forecasting demand, planning production and managing inventory. In this role, you will lead and develop a team, act as a primary decision-maker and escalation point for demand/supply issues, ensure timely resolution in partnership with other S&OP stakeholders, and maximise processes to enable our growth. Reporting to the CFO, this position will work closely with the design & merchandising, through supply chain and with revenue leads to set and achieve financial targets, optimize inventory flow and enhance product availability. As a leader, you will innovate, transform our tools and processes and implement initiatives that improve demand forecasting accuracy, enhance inventory efficiency, and support overall business objectives in maintaining product supply continuity.
Requirements
- 10+ years in demand forecasting, merchandise planning, or inventory management; 5+ years in leadership
- Must have +5 years Netsuite experience
- Experience in Ecommerce, Retail & B2B, ideally in high-growth environments
- Strong analytical and technical skills; comfortable with large datasets
- Hands-on, results-driven, and able to navigate ambiguity
- Effective communicator and influencer across all levels
- Player/coach leadership style - able to dive into details and drive strategic change
- You Own the Outcome and show up with rigor, accountability and a bias for action.
- You Spring Forward and embrace everything with energy, adaptability, positivity and maturity.
- You Build the Best and are committed to growth, dreaming big, and sharing and receiving feedback in the spirit of always improving.
Responsibilities
- Process and System Leadership: Re-establish and optimize the framework for Demand Forecasting, Supply Planning, and Allocation processes, systems, and reporting to ensure inventory levels achieve financial targets.
- Cross-Channel Demand Planning: Partner with E-commerce, Retail, and B2B channels leads to build high-level Demand Forecasting targets. Sign off on all final merchandise planning targets and provide oversight to meet financial goals.
- Inventory Strategy & Optimization: Develop and implement inventory management strategies that optimize stock levels across all selling channels (stores, online, wholesale) and locations (stores and warehouse), balancing service levels with working capital efficiency.
- Financial Analysis and Open-to-Buy: Analyze sales trends, margin performance, and key metrics to identify opportunities and risks. Lead the monthly Open-to-Buy process and seasonal investment reviews, providing recommendations on receipt needs.
- Cross-Functional Alignment: Collaborate with Merchandising and Supply Chain teams to align inventory planning with product lifecycles, including launches, promotions, and discontinuations.
- Data Insights: Leverage data to implement inventory forecasting models utilizing historical data and market analysis for accurate future demand prediction. Lead cross-functional teams in developing technology solutions to enhance organization-wide inventory visibility and control.
- Visibility, Monitoring, and Control: Provide Netsuite and dashboard visibility of all inventory movements to ensure the timely and accurate arrival and allocation of working capital. Monitor and analyze inventory performance metrics weekly to optimize stock turnover, reduce excess inventory, and adjust inventory flows monthly. Establish and maintain inventory control policies and procedures to ensure compliance with company objectives.
- Financial and Budget Coordination: Coordinate with the Finance department to manage inventory OTB budgets and financial planning, ensuring cost-effectiveness and profitability in all inventory operations.
- Team Leadership and Development: Train and mentor inventory planning and allocation team members, fostering a culture of continuous improvement and professional development.
Benefits
- Free bedding for a great night’s sleep, an awesome discount and $300 worth of free product a year!
- Health, dental and vision benefits with 100% employee coverage offering
- Flexible vacation
- 401k
- Competitive salary, commission program and stock options
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
Number of Employees
101-250 employees
