Inventory Planner

Lowes

1d•Onsite

About The Position

The Inventory Planner is responsible for developing and implementing inventory strategies for a group of product categories that support both merchandising strategies and financial objectives. Responsible for creating and implementing item level inventory plans for both Stores and Ecommerce, achieving desired in-stock levels and planned inventory turns. The Inventory Planner will work closely with cross functional teams including but not limited to merchants, vendors, transportation and distribution to deliver desired results.

Requirements

Bachelor’s degree or equivalent years of experience in lieu of education requirement, if applicable
4+ years experience in demand, merchandise planning, replenishment or a related field

Nice To Haves

Bachelor's Degree in Supply Chain Management, Logistics, Transportation, or a related field.
3-5 years of experience in Supply Chain/Logistics, including managing carrier or supplier relationships.
Advanced proficiency in Microsoft Excel and experience with PowerBI.
Strong organizational, problem-solving, and communication skills.

Responsibilities

Responsible for implementing and maintaining item/location level inventory plans for a group of product categories
Manage monthly forecasts cycle for product categories
Collaborate with suppliers to ensure inventory strategies are aligned
Partner with replenishment team to ensure proper execution of inventory plans, ensuring desired in-stock levels are achieved
Monitor inventory pipeline, anticipate and proactively communicate issues, and develop mitigation plans for any pipeline gaps
Drive inventory and replenishment strategies to support assigned categories including resets, promotions, events, seasonal /entry and exit, influencing cross functional stakeholders
Subject matter expert in planning / replenishment systems and thus utilize system capabilities to drive inventory to right location in the right quantity to support sales while also improving inventory productivity
Analyzes business performance, develops insights and translates into strategies to drive sales and inventory productivity
Monitor and report on important changes and/or challenges in a timely manner to support sales and financial objectives