Inventory Planner

The Children's Place

2d•$50,000 - $125,000

About The Position

The Inventory Planner will take ownership of the inventory flow from DC to stores for multiple categories. This position will partner cross-functionally to support continuous improvement in business results in their departments through the following: forecast reviews and analyses, managing allocations across time in Quantum, developing tiering recommendations for future seasons based on store sales performance, etc. This position will be responsible for season preparation and reviewing forecast and inventory exceptions. This position will analyze strategies for significant changes between years and other key metrics that will drive allocation decisions.

Requirements

Bachelor’s degree preferred
2-5 years of experience in related role
Strong data analysis skills; ability to identify critical trends, patterns, and root causes
High level of comfort using technology and custom tools
Knowledge of retail terminology and common retail formulas/equations
Proficiency in Cognos and other BI tools/data sources
Knowledge of inventory life-cycle
Strong sense of urgency, high energy, and enthusiasm
Must take on new opportunities and challenges
Ability to work under pressure and through setbacks
Ability to work with and build relationships with all levels of the organization
Strong verbal and written communication skills
Must be a strong team player

Responsibilities

Analyze pre-season plan and merchandising strategies for significant changes against last year
Rationalize top line buy strategy and translate style, color, and plan to store level allocation strategy
Adjust and reconcile weekly planned inventory position based on sales, inventory, price action, and trend
Identify and review inventory exceptions and program forecast to conduct root cause analysis
Partner with Merchants, Planning, and Visual to confirm weekly strategies
Align allocations to support sales forecast, receipt flows, end-of-life-strategies, and future orders
Ensure cross-functional partners are clear on replenishment strategies, new flows, and preparation for future events as part of the Inventory Planning meetings
Evaluate trends of store sales and inventory to generate recommendations to adjust forecast and assortment
Review and provide in-season feedback about product performance at style and region/district/store level
Capture category/sub-season variances and trends to influence Q science
Generate end-of-season insights around store level inventory and assortment opportunities
Partner with the Inventory Planning Manager to create and share cross-functional recommendations around future buys
Identify and communicate tool and process improvement opportunities to the Inventory Planning Manager
Identify opportunities for personal development and actively pursue development opportunities
Provide support to leadership on special projects as needed