Inventory Planning (IC) Manager

CVS Health • Woonsocket, RI

1d

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Job Purpose and Summary: The Inventory Planner is accountable for managing/shaping forecasts and inventory as well as all supply components for a group of retail products to ensure Store and DC service levels achieve targets. The Inventory Planner will execute business plans that achieve enterprise goals including sales, margin, in-stock, turn, fill rate, customer satisfaction, GMROII, receipts and EOP. This person will be working collaboratively with cross- functional, internal, and external partners to deliver results and ensure outcomes. Inventory Planner responsibilities include: Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast Develop and maintain promotional, seasonal and event forecasts Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence Works with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast Use input from the analytics team to determine appropriate forecast models and parameter settings Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets Develop actionable plans to meet financial and inventory goals Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module Generate and analyze inventory and service level performance reports Manage/resolve stock-out occurrences Monitor inventory and service level performance and resolve exceptions Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership

Requirements

• 3+ years of Retail industry experience in Merchandise Planning
• 1+ Year Experience with MS Office Suite (Word, Excel, PowerPoint, Access, Teams)
• Results driven with strong time management and organizational skills with a desire to work in a fast-paced environment
• Strong interpersonal skills with the ability to build strong relationships and contribute ideas in a team setting
• Curiosity to explore and identify insights that result in the development of actionable strategies and tactical plans
• Strong business/financial acumen and Supply Chain knowledge
• Ability to resolve high profile issues
• Good judgment and decision-making ability
• Excellent verbal and written communication skills, including facilitation skills
• Strong time management and organizational skills

Nice To Haves

• JDA / Blue Yonder Forecasting & Replenishment knowledge
• Bachelor’s Degree in Business, Supply Chain or Operations Management
• Master’s Degree in Supply Chain or MBA
• An Asset Supply Chain certification such as RSSC, CSCMP or APICS
• Previous Experience in an S&OP environment
• Strong analytical and problem-solving skills
• Ability to calculate and analyze key forecasting metrics such as forecast MAPE and bias
• Knowledge of Tableau reporting software
• Demonstrates understanding of inter-relationship between demand planning, category management, supply planning, and finance

Responsibilities

• Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast
• Develop and maintain promotional, seasonal and event forecasts
• Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence
• Works with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand
• Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast
• Use input from the analytics team to determine appropriate forecast models and parameter settings
• Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets
• Develop actionable plans to meet financial and inventory goals
• Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module
• Generate and analyze inventory and service level performance reports
• Manage/resolve stock-out occurrences
• Monitor inventory and service level performance and resolve exceptions
• Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities
• Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization
• Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders
• Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager