Inventory Planning Analyst

Love's Travel Stops & Country Stores, Inc.•Oklahoma City, OK

30d

About The Position

The Inventory Planning Analyst is responsible is responsible for supporting advanced inventory optimization initiatives through enhanced analytics, forecasting, and replenishment processes. This role contributes to improving inventory performance metrics, refining reporting systems, and addressing more complex challenges in collaboration with merchandising and operational teams. This position also focuses on strengthening relationships with internal support teams, category management, suppliers, and manufacturers, to ensure smooth operations and effective communication.

Requirements

BA degree or higher in Supply Chain Management or other business-related field and/or 2-5 years relevant work experience
In-depth, hands-on knowledge of retail merchandising systems
Proven experience with troubleshooting principles, methodologies, and issue resolution techniques
Highly motivated self-starter
Strong analytical and problem-solving abilities
Excellent written, oral, and interpersonal skills
Must thrive in fast-paced environment
Demonstrated proficiency with Microsoft Office Products, specifically Excel
Requires prolonged sitting, some bending and stooping
Manual dexterity sufficient to operate a computer keyboard and calculator
Requires normal range of hearing and vision

Nice To Haves

Knowledge of industry trends, "best practices" and Six Sigma process improvements are preferred
Knowledge and usage of Blue Yonder, Tableau and/or SQL preferred

Responsibilities

Implement and recommend enhancements to Love's inventory strategy and replenishment processes
Collaborate with cross functional partners to refine inventory initiatives
Analyze and implement Love's inventory strategy and replenishment processes to improve inventory performance, meet in-stock percentage goals, optimize inventory turnover and mitigate aging inventory
Implement tailored inventory strategies based on category, seasonality, promotions, and both domestic and international suppliers in accordance with the financial plan & business objectives
Coordinate special programs, large buys, and end of month/quarter deals to recommend potential purchasing incentives
Optimize all aspects of the purchase order and inventory replenishment process to include forecasting, generating purchase orders, vendor communication, monitoring shipping timelines, confirming delivery, and approving invoices
Collaborate with inbound logistic partners to coordinate deliveries
Enhance strategic vendor partnerships by collaborating with vendors to leverage forecast and implement inventory strategies
Optimize predictive modeling, machine learning, and other analytical tools to deliver data-driven insights that support strategic decision-making
Enhance reporting and analysis tools via business intelligence platforms to analyze sales, purchasing, and inventory patterns
Develop analytical reporting to improve supply chain processes
Utilize analytics and business knowledge to create cost-effective purchase orders, achieving required goals and relevant KPIs
Analyze and optimize process flows, identify gaps, and implement improvements to efficiency standards
Provide testing and recommendations on new technology enhancements to Love's inventory and replenishment platforms & tools
Leverage technology to effectively execute business strategies and objectives