Inventory Planner

Signet Jewelers•Irving, TX

About The Position

This role is responsible for SKU forecasting, order management, system maintenance and development and execution of inventory strategies to increase productivity and maximize sales, margin and inventory efficiency in area of responsibility within Zales, Zales Outlet and Zales.com

Requirements

SKU forecasting
order management
system maintenance and development
execution of inventory strategies
increase productivity
maximize sales, margin and inventory efficiency
seasonal hindsight
product performance learnings
consumer and customer insights
product development initiatives
department level pre-season strategies
merchandise plans and tactics
Go-to-Market plan
category initiatives
pre-season assortment architecture processes
SKU rationalization
SKU lifecycle management
SKU productivity targets
initial buy quantities
store groupings for test merchandise, opportunity buys, and new collections
Open-to-Buy process
optimize inventory investments
yield sales and gross margin at or above plan
recommend actions, risks, and opportunities
vendor forecasts
managing order quantities for replenishment at the SKU level
optimal in-stock and inventory turn
Impact Analytics subject matter expert
demand and allocation system
system parameters
sales and margin store outcomes
inventory productivity
in-season performance reporting at the SKU and store levels
track product performance to pre-season plans and strategies
in-season insights
drivers of variance to plans/strategies
recommendations and decision points/action items
analytical approach to identify demographic, regional and store opportunities
optimize assortment and inventory efficiency and financial results
store re-ranking process
reverse flow projects
creative problem-solving skills
financially sound judgement
functional and cross-functional Directors and above
change management
implementing new tools, processes, and ideas
leadership to planning peers
training, mentoring, and encouraging adoption to change

Responsibilities

Partner with category Merchants and Merchandise Planner to develop and present seasonal hindsight that synthesizes product performance learnings, consumer and customer insights and product development initiatives into department level pre-season strategies that inform future merchandise plans and tactics
Partner with category Merchants and Merchandise Planner to execute a successful Go-to-Market plan that supports category initiatives successfully achieving and exceeding plan
Partner with Merchant and Merchandise Planning partners to enable the pre-season assortment architecture processes including SKU rationalization and SKU lifecycle management that result in achieving healthy SKU productivity targets
Partner with Merchant and Merchandise Planner to recommend initial buy quantities and store groupings for test merchandise, opportunity buys, and new collections.
Inform the Open-to-Buy process to optimize inventory investments to yield sales and gross margin at or above plan. Confidently recommend actions, risks, and opportunities.
Own order management process including vendor forecasts and managing order quantities for replenishment at the SKU level to drive optimal in-stock and inventory turn
Become an Impact Analytics subject matter expert, our demand and allocation system, and own system parameters to drive optimal in-stock and sales and margin store outcomes while maintaining inventory productivity
Lead in-season performance reporting at the SKU and store levels to track product performance to pre-season plans and strategies
Present in-season insights, drivers of variance to plans/strategies to Merchandise Planner, Merchant and Zales leadership teams with recommendations and decision points/action items
Take an analytical approach to identify demographic, regional and store opportunities to optimize assortment and inventory efficiency and financial results. Advocate for and execute store re-ranking process to achieve store opportunities.
Utilize analytical approach to recommend and execute reverse flow projects to improve productivity and achieve inventory goals
Demonstrate creative problem-solving skills and financially sound judgement to deliver recommendations to functional and cross-functional Directors and above.
Be a champion for change management by implementing new tools, processes, and ideas; Provide leadership to planning peers by training, mentoring, and encouraging adoption to change.